MRA Advisory Group Makes New $211,000 Investment in TKO Group Holdings, Inc. (NYSE:TKO)

MRA Advisory Group bought a new stake in shares of TKO Group Holdings, Inc. (NYSE:TKO) during the fourth quarter, Holdings Channel.com reports. The fund bought 1,487 shares of the company’s stock, valued at approximately $211,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Massachusetts Financial Services Co. MA boosted its position in TKO Group by 267.9% during the second quarter. Massachusetts Financial Services Co. MA now owns 1,320,859 shares of the company’s stock worth $142,640,000 after purchasing an additional 961,880 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of TKO Group by 59.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 969,526 shares of the company’s stock valued at $119,940,000 after buying an additional 362,460 shares in the last quarter. American Century Companies Inc. grew its stake in TKO Group by 1,439.7% in the 2nd quarter. American Century Companies Inc. now owns 307,405 shares of the company’s stock valued at $33,197,000 after acquiring an additional 287,440 shares during the period. State Street Corp increased its holdings in TKO Group by 10.4% in the 3rd quarter. State Street Corp now owns 2,052,916 shares of the company’s stock worth $253,966,000 after acquiring an additional 192,602 shares in the last quarter. Finally, Clearbridge Investments LLC raised its position in TKO Group by 9.5% during the second quarter. Clearbridge Investments LLC now owns 1,800,784 shares of the company’s stock worth $194,467,000 after acquiring an additional 155,940 shares during the period. Hedge funds and other institutional investors own 89.79% of the company’s stock.

Insiders Place Their Bets

In other TKO Group news, Director Nick Khan sold 27,505 shares of TKO Group stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $141.94, for a total transaction of $3,904,059.70. Following the completion of the sale, the director now directly owns 169,004 shares in the company, valued at $23,988,427.76. This trade represents a 14.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Patrick Whitesell acquired 31,352 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The stock was bought at an average price of $142.03 per share, for a total transaction of $4,452,924.56. Following the completion of the acquisition, the insider now owns 1,674,322 shares in the company, valued at approximately $237,803,953.66. The trade was a 1.91 % increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 600,647 shares of company stock valued at $86,815,728 and sold 65,624 shares valued at $9,314,671. 53.80% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. TD Cowen lifted their target price on shares of TKO Group from $140.00 to $143.00 and gave the company a “buy” rating in a research report on Tuesday, October 29th. Guggenheim lifted their price objective on TKO Group from $135.00 to $140.00 and gave the stock a “buy” rating in a report on Monday, September 30th. UBS Group increased their target price on TKO Group from $135.00 to $170.00 and gave the company a “buy” rating in a report on Tuesday, January 7th. Roth Mkm lifted their price target on TKO Group from $146.00 to $148.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Finally, Citigroup increased their price objective on TKO Group from $137.00 to $170.00 and gave the company a “buy” rating in a research note on Tuesday, December 17th. Three research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $139.29.

TKO Group Trading Up 1.6 %

Shares of TKO opened at $142.36 on Tuesday. TKO Group Holdings, Inc. has a 12-month low of $75.35 and a 12-month high of $149.40. The firm has a market capitalization of $24.31 billion, a P/E ratio of -338.95 and a beta of 1.07. The firm has a 50-day moving average price of $136.61 and a 200 day moving average price of $123.77. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.34.

TKO Group (NYSE:TKO) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.28). The firm had revenue of $681.20 million during the quarter, compared to analysts’ expectations of $665.12 million. TKO Group had a negative net margin of 1.26% and a positive return on equity of 3.39%. The business’s quarterly revenue was up 51.7% on a year-over-year basis. During the same period last year, the company earned $0.52 EPS. Sell-side analysts forecast that TKO Group Holdings, Inc. will post 3.88 EPS for the current year.

About TKO Group

TKO Group Holdings, Inc operates as a sports and entertainment company. The company produces and licenses live events, television programs, and long-form and short-form content, reality series, and other filmed entertainment on digital and linear channels and via pay-per-view. It is involved in the merchandising of video games, apparel, equipment, trading cards, memorabilia, digital goods, and toys, as well as sale of travel packages and tickets.