TKO Group (NYSE:TKO) Receives New Coverage from Analysts at Redburn Atlantic

Redburn Atlantic initiated coverage on shares of TKO Group (NYSE:TKO) in a report issued on Thursday, MarketBeat reports. The firm issued a buy rating and a $129.00 price objective on the stock.

Other equities research analysts have also recently issued research reports about the stock. Roth Mkm upped their price objective on shares of TKO Group from $112.00 to $121.00 and gave the stock a buy rating in a research report on Thursday, May 9th. JPMorgan Chase & Co. lifted their target price on TKO Group from $103.00 to $126.00 and gave the company an overweight rating in a research report on Wednesday, May 29th. Jefferies Financial Group lifted their price target on shares of TKO Group from $120.00 to $131.00 and gave the company a buy rating in a report on Friday, April 12th. Morgan Stanley increased their price objective on shares of TKO Group from $100.00 to $115.00 and gave the company an equal weight rating in a research note on Monday. Finally, TD Cowen raised shares of TKO Group from a hold rating to a buy rating and boosted their target price for the stock from $92.00 to $127.00 in a research note on Wednesday, May 15th. Two research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of Moderate Buy and a consensus target price of $116.00.

TKO Group Stock Performance

TKO opened at $105.66 on Thursday. 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 business has a fifty day simple moving average of $107.25 and a 200 day simple moving average of $94.09. TKO Group has a 1 year low of $72.33 and a 1 year high of $113.30. The company has a market capitalization of $17.99 billion, a PE ratio of -104.61 and a beta of 1.04.

TKO Group (NYSE:TKO) last announced its earnings results on Wednesday, May 8th. The company reported $2.14 EPS for the quarter, topping the consensus estimate of $0.51 by $1.63. The company had revenue of $629.70 million for the quarter, compared to analysts’ expectations of $609.28 million. TKO Group had a negative net margin of 4.14% and a positive return on equity of 4.15%. Research analysts expect that TKO Group will post 4.02 EPS for the current year.

Hedge Funds Weigh In On TKO Group

Several large investors have recently bought and sold shares of TKO. International Assets Investment Management LLC purchased a new stake in shares of TKO Group in the fourth quarter valued at about $27,000. Blue Trust Inc. purchased a new stake in TKO Group during the fourth quarter worth about $37,000. Fifth Third Bancorp raised its position in TKO Group by 34.0% in the first quarter. Fifth Third Bancorp now owns 544 shares of the company’s stock worth $47,000 after acquiring an additional 138 shares during the period. Quent Capital LLC boosted its stake in TKO Group by 113.7% in the fourth quarter. Quent Capital LLC now owns 673 shares of the company’s stock valued at $55,000 after acquiring an additional 358 shares during the last quarter. Finally, GAMMA Investing LLC grew its position in shares of TKO Group by 388.6% during the 2nd quarter. GAMMA Investing LLC now owns 513 shares of the company’s stock valued at $55,000 after acquiring an additional 408 shares during the period. 89.79% of the stock is currently owned by institutional investors.

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.