Lecap Asset Management Ltd. Acquires New Position in TKO Group Holdings, Inc. (NYSE:TKO)

Lecap Asset Management Ltd. acquired a new stake in shares of TKO Group Holdings, Inc. (NYSE:TKO) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 2,535 shares of the company’s stock, valued at approximately $274,000.

A number of other large investors also recently bought and sold shares of the company. Fifth Third Bancorp increased its holdings in shares of TKO Group by 34.0% in the 1st quarter. Fifth Third Bancorp now owns 544 shares of the company’s stock valued at $47,000 after acquiring an additional 138 shares during the last quarter. Picton Mahoney Asset Management increased its stake in TKO Group by 8.7% during the fourth quarter. Picton Mahoney Asset Management now owns 1,870 shares of the company’s stock valued at $152,000 after purchasing an additional 150 shares during the last quarter. Envestnet Portfolio Solutions Inc. raised its holdings in shares of TKO Group by 10.0% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 3,156 shares of the company’s stock worth $341,000 after purchasing an additional 286 shares during the period. Louisiana State Employees Retirement System raised its holdings in shares of TKO Group by 1.8% during the first quarter. Louisiana State Employees Retirement System now owns 17,200 shares of the company’s stock worth $1,486,000 after purchasing an additional 300 shares during the period. Finally, State of Michigan Retirement System lifted its position in shares of TKO Group by 2.1% in the 1st quarter. State of Michigan Retirement System now owns 14,710 shares of the company’s stock worth $1,271,000 after buying an additional 300 shares during the last quarter. Institutional investors own 89.79% of the company’s stock.

Analysts Set New Price Targets

TKO has been the subject of a number of recent research reports. TD Cowen boosted their price objective on shares of TKO Group from $127.00 to $140.00 and gave the company a “buy” rating in a research report on Monday, August 12th. Redburn Atlantic assumed coverage on TKO Group in a report on Thursday, July 18th. They set a “buy” rating and a $129.00 target price for the company. Morgan Stanley increased their price target on TKO Group from $115.00 to $118.00 and gave the stock an “equal weight” rating in a research report on Friday, August 9th. UBS Group boosted their price objective on TKO Group from $115.00 to $135.00 and gave the company a “buy” rating in a research report on Friday, August 9th. Finally, Roth Mkm increased their target price on TKO Group from $121.00 to $130.00 and gave the stock a “buy” rating in a research report on Monday, July 22nd. Two analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, TKO Group has a consensus rating of “Moderate Buy” and a consensus target price of $121.93.

Insider Transactions at TKO Group

In other news, Director Nick Khan sold 22,693 shares of the business’s stock in a transaction dated Monday, July 22nd. The shares were sold at an average price of $105.53, for a total transaction of $2,394,792.29. Following the transaction, the director now owns 220,018 shares in the company, valued at approximately $23,218,499.54. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 53.80% of the company’s stock.

TKO Group Stock Down 0.5 %

TKO traded down $0.56 during midday trading on Thursday, hitting $119.22. 39,029 shares of the company’s stock traded hands, compared to its average volume of 1,115,244. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.99 and a quick ratio of 0.99. The company has a market cap of $20.34 billion, a PE ratio of -118.59 and a beta of 1.04. TKO Group Holdings, Inc. has a one year low of $72.33 and a one year high of $120.70. The stock’s fifty day simple moving average is $109.95 and its 200-day simple moving average is $99.35.

TKO Group (NYSE:TKO) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.72 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.82 by ($0.10). TKO Group had a negative net margin of 3.14% and a positive return on equity of 3.10%. The business had revenue of $851.20 million during the quarter, compared to analyst estimates of $771.54 million. During the same period in the previous year, the firm posted $0.91 EPS. The firm’s revenue for the quarter was up 178.9% on a year-over-year basis. As a group, equities analysts anticipate that TKO Group Holdings, Inc. will post 4.17 earnings per share for the current fiscal year.

TKO Group 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.