O Keefe Stevens Advisory Inc. Takes $220,000 Position in TKO Group Holdings, Inc. (NYSE:TKO)

O Keefe Stevens Advisory Inc. acquired a new position in shares of TKO Group Holdings, Inc. (NYSE:TKO) during the 4th quarter, Holdings Channel.com reports. The firm acquired 1,546 shares of the company’s stock, valued at approximately $220,000.

A number of other hedge funds have also recently added to or reduced their stakes in TKO. Blue Trust Inc. lifted its holdings in TKO Group by 52.4% in the third quarter. Blue Trust Inc. now owns 259 shares of the company’s stock worth $32,000 after acquiring an additional 89 shares during the last quarter. First Horizon Advisors Inc. grew its stake in shares of TKO Group by 491.5% in the third quarter. First Horizon Advisors Inc. now owns 278 shares of the company’s stock worth $34,000 after purchasing an additional 231 shares in the last quarter. Signaturefd LLC raised its stake in shares of TKO Group by 39.4% during the third quarter. Signaturefd LLC now owns 386 shares of the company’s stock valued at $48,000 after purchasing an additional 109 shares in the last quarter. Quarry LP acquired a new stake in TKO Group in the second quarter worth about $51,000. Finally, Brooklyn Investment Group grew its position in TKO Group by 213.0% in the 4th quarter. Brooklyn Investment Group now owns 360 shares of the company’s stock valued at $51,000 after buying an additional 245 shares in the last quarter. Institutional investors and hedge funds own 89.79% of the company’s stock.

Insider Activity

In related news, CAO Shane Kapral sold 1,034 shares of TKO Group stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $141.94, for a total transaction of $146,765.96. Following the sale, the chief accounting officer now directly owns 2,225 shares of the company’s stock, valued at $315,816.50. This trade represents a 31.73 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Patrick Whitesell purchased 263,200 shares of the business’s stock in a transaction on Monday, December 16th. The stock was purchased at an average cost of $146.97 per share, with a total value of $38,682,504.00. Following the acquisition, the insider now owns 418,587 shares in the company, valued at approximately $61,519,731.39. This represents a 169.38 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, 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 company insiders.

TKO Group Stock Performance

Shares of TKO stock opened at $142.06 on Friday. The business’s 50 day moving average is $138.47 and its two-hundred day moving average is $124.52. 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 Holdings, Inc. has a 12 month low of $75.35 and a 12 month high of $149.40.

TKO Group (NYSE:TKO) last released its earnings results on Wednesday, November 6th. The company reported $0.28 earnings per share 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 analyst estimates of $665.12 million. During the same period in the prior year, the firm earned $0.52 EPS. The firm’s revenue was up 51.7% on a year-over-year basis. Sell-side analysts predict that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently commented on TKO shares. Roth Mkm raised their price objective on shares of TKO Group from $146.00 to $148.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Pivotal Research raised their target price on shares of TKO Group from $145.00 to $165.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. The Goldman Sachs Group raised their price objective on TKO Group from $132.00 to $138.00 and gave the stock a “buy” rating in a research note on Wednesday, October 2nd. Guggenheim boosted their price target on shares of TKO Group from $135.00 to $140.00 and gave the company a “buy” rating in a report on Monday, September 30th. Finally, Benchmark downgraded shares of TKO Group from a “buy” rating to a “hold” rating in a research note on Thursday, October 24th. Three 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 currently has a consensus rating of “Moderate Buy” and an average price target of $139.29.

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.