Roth Mkm Reiterates “Buy” Rating for TKO Group (NYSE:TKO)

Roth Mkm reiterated their buy rating on shares of TKO Group (NYSE:TKO) in a research note issued to investors on Friday, Benzinga reports. The firm currently has a $112.00 price objective on the stock.

Several other research firms have also issued reports on TKO. Northcoast Research started coverage on TKO Group in a research note on Tuesday, February 6th. They set a buy rating and a $105.00 price objective for the company. Morgan Stanley started coverage on TKO Group in a research note on Wednesday, February 14th. They set an equal weight rating and a $95.00 price objective for the company. The Goldman Sachs Group started coverage on TKO Group in a research note on Thursday, March 7th. They set a buy rating and a $102.00 price objective for the company. TD Cowen started coverage on TKO Group in a research note on Friday, January 12th. They set a market perform rating and a $92.00 price objective for the company. Finally, Moffett Nathanson began coverage on TKO Group in a research note on Monday, January 29th. They set a neutral rating and a $95.00 price objective for the company. Three equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of Moderate Buy and an average target price of $108.31.

TKO Group Stock Performance

Shares of NYSE TKO opened at $97.63 on Friday. The business has a fifty day simple moving average of $86.56 and a 200 day simple moving average of $82.32. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $16.79 billion, a price-to-earnings ratio of 143.57 and a beta of 1.06. TKO Group has a one year low of $72.33 and a one year high of $106.16.

TKO Group (NYSE:TKO) last issued its earnings results on Tuesday, February 27th. The company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.59). TKO Group had a net margin of 3.02% and a return on equity of 3.11%. The firm had revenue of $614.00 million during the quarter, compared to analyst estimates of $619.48 million. Sell-side analysts expect that TKO Group will post 2.39 EPS for the current year.

Insider Activity at TKO Group

In related news, major shareholder Vincent K. Mcmahon sold 1,642,970 shares of the firm’s stock in a transaction dated Tuesday, April 9th. The stock was sold at an average price of $89.01, for a total value of $146,240,759.70. Following the transaction, the insider now owns 9,875,129 shares in the company, valued at $878,985,232.29. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 38.90% of the stock is owned by company insiders.

Hedge Funds Weigh In On TKO Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Picton Mahoney Asset Management boosted its holdings in TKO Group by 8.7% during the fourth quarter. Picton Mahoney Asset Management now owns 1,870 shares of the company’s stock worth $152,000 after buying an additional 150 shares during the last quarter. Strengthening Families & Communities LLC bought a new position in TKO Group during the third quarter worth about $26,000. Quent Capital LLC bought a new position in TKO Group during the third quarter worth about $27,000. Covestor Ltd bought a new position in TKO Group during the third quarter worth about $27,000. Finally, Fifth Third Bancorp bought a new position in TKO Group during the third quarter worth about $27,000. Institutional investors own 89.79% of the company’s stock.

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.