HighVista Strategies LLC Purchases Shares of 11,700 TKO Group Holdings, Inc. (NYSE:TKO)

HighVista Strategies LLC purchased a new stake in TKO Group Holdings, Inc. (NYSE:TKO) during the 3rd quarter, Holdings Channel.com reports. The firm purchased 11,700 shares of the company’s stock, valued at approximately $1,447,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of TKO. Comerica Bank raised its stake in shares of TKO Group by 5.5% in the 1st quarter. Comerica Bank now owns 28,979 shares of the company’s stock valued at $2,504,000 after purchasing an additional 1,503 shares during the period. GAMMA Investing LLC raised its stake in shares of TKO Group by 388.6% in the 2nd quarter. GAMMA Investing LLC now owns 513 shares of the company’s stock valued at $55,000 after purchasing an additional 408 shares during the period. Park Avenue Securities LLC raised its stake in shares of TKO Group by 5.8% in the 2nd quarter. Park Avenue Securities LLC now owns 8,108 shares of the company’s stock valued at $876,000 after purchasing an additional 448 shares during the period. Annex Advisory Services LLC raised its stake in shares of TKO Group by 23.8% in the 2nd quarter. Annex Advisory Services LLC now owns 205,469 shares of the company’s stock valued at $22,189,000 after purchasing an additional 39,559 shares during the period. Finally, SG Americas Securities LLC raised its stake in shares of TKO Group by 109.8% in the 2nd quarter. SG Americas Securities LLC now owns 3,323 shares of the company’s stock valued at $359,000 after purchasing an additional 1,739 shares during the period. Institutional investors and hedge funds own 89.79% of the company’s stock.

Insider Transactions at TKO Group

In other news, insider Mark S. Shapiro sold 31,026 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $114.76, for a total transaction of $3,560,543.76. Following the completion of the sale, the insider now owns 42,156 shares in the company, valued at $4,837,822.56. The trade was a 42.40 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 53.80% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on TKO shares. TD Cowen lifted their target price on TKO Group from $140.00 to $143.00 and gave the company a “buy” rating in a research report on Tuesday, October 29th. Morgan Stanley lifted their target price on TKO Group from $115.00 to $118.00 and gave the company an “equal weight” rating in a research report on Friday, August 9th. The Goldman Sachs Group lifted their target price on TKO Group from $132.00 to $138.00 and gave the company a “buy” rating in a research report on Wednesday, October 2nd. Roth Mkm lifted their target price on TKO Group from $146.00 to $148.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Finally, Pivotal Research lifted their target price on TKO Group from $145.00 to $165.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Three equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $132.43.

TKO Group Price Performance

Shares of NYSE TKO opened at $135.02 on Tuesday. TKO Group Holdings, Inc. has a twelve month low of $72.33 and a twelve month high of $139.45. The company has a market cap of $23.06 billion, a PE ratio of -321.48 and a beta of 1.09. The business’s 50 day moving average price is $124.86 and its two-hundred day moving average price is $116.05. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.34.

TKO Group (NYSE:TKO) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.28). TKO Group had a positive return on equity of 3.39% and a negative net margin of 1.26%. The firm had revenue of $681.20 million for the quarter, compared to the consensus estimate of $665.12 million. During the same quarter in the prior year, the firm earned $0.52 EPS. The company’s revenue was up 51.7% on a year-over-year basis. On average, analysts predict 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.