TKO Group Holdings, Inc. (NYSE:TKO) Shares Acquired by Malaga Cove Capital LLC

Malaga Cove Capital LLC boosted its position in TKO Group Holdings, Inc. (NYSE:TKO) by 56.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,309 shares of the company’s stock after acquiring an additional 1,554 shares during the quarter. Malaga Cove Capital LLC’s holdings in TKO Group were worth $352,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the company. Strengthening Families & Communities LLC acquired a new position in shares of TKO Group during the 3rd quarter worth about $26,000. Covestor Ltd purchased a new position in TKO Group in the third quarter valued at approximately $27,000. Fifth Third Bancorp acquired a new stake in TKO Group during the third quarter worth approximately $27,000. International Assets Investment Management LLC purchased a new stake in shares of TKO Group during the 4th quarter worth approximately $27,000. Finally, Quent Capital LLC boosted its holdings in shares of TKO Group by 113.7% in the 4th quarter. Quent Capital LLC now owns 673 shares of the company’s stock valued at $55,000 after buying an additional 358 shares in the last quarter. Hedge funds and other institutional investors own 89.79% of the company’s stock.

TKO Group Price Performance

TKO Group stock traded up $2.99 during trading hours on Friday, hitting $98.32. The stock had a trading volume of 1,323,653 shares, compared to its average volume of 852,350. TKO Group Holdings, Inc. has a 1-year low of $72.33 and a 1-year high of $106.16. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.04 and a quick ratio of 1.04. The stock’s fifty day moving average is $89.26 and its two-hundred day moving average is $83.69. The stock has a market capitalization of $16.91 billion, a price-to-earnings ratio of 144.59 and a beta of 1.03.

TKO Group (NYSE:TKO) last issued its quarterly earnings data on Tuesday, February 27th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.59). The company had revenue of $614.00 million for the quarter, compared to analyst estimates of $619.48 million. TKO Group had a return on equity of 3.11% and a net margin of 3.02%. As a group, analysts predict that TKO Group Holdings, Inc. will post 2.38 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Jefferies Financial Group upped their price objective on shares of TKO Group from $120.00 to $131.00 and gave the company a “buy” rating in a research note on Friday, April 12th. TD Cowen started coverage on shares of TKO Group in a report on Friday, January 12th. They issued a “market perform” rating and a $92.00 target price on the stock. Northcoast Research began coverage on shares of TKO Group in a research note on Tuesday, February 6th. They set a “buy” rating and a $105.00 price target for the company. Morgan Stanley assumed coverage on shares of TKO Group in a research note on Wednesday, February 14th. They issued an “equal weight” rating and a $95.00 price objective on the stock. Finally, Moffett Nathanson assumed coverage on TKO Group in a research report on Monday, January 29th. They issued a “neutral” rating and a $95.00 price target on the stock. Three research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $108.31.

Insider Transactions at TKO Group

In other TKO Group news, major shareholder Vincent K. Mcmahon sold 1,642,970 shares of the business’s stock in a transaction on 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 completion of the transaction, the insider now directly owns 9,875,129 shares in the company, valued at approximately $878,985,232.29. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 38.90% of the company’s stock.

TKO Group Company Profile

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.