NINE MASTS CAPITAL Ltd bought a new position in TKO Group Holdings, Inc. (NYSE:TKO – Free Report) during the second quarter, HoldingsChannel reports. The fund bought 14,500 shares of the company’s stock, valued at approximately $1,566,000.
Several other institutional investors and hedge funds also recently bought and sold shares of TKO. Envestnet Portfolio Solutions Inc. grew its stake in shares of TKO Group by 10.0% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 3,156 shares of the company’s stock valued at $341,000 after acquiring an additional 286 shares during the period. State of Michigan Retirement System raised its position in shares of TKO Group by 2.1% during the 1st quarter. State of Michigan Retirement System now owns 14,710 shares of the company’s stock valued at $1,271,000 after purchasing an additional 300 shares during the period. Commerce Bank lifted its stake in shares of TKO Group by 5.0% during the 4th quarter. Commerce Bank now owns 6,973 shares of the company’s stock valued at $569,000 after buying an additional 332 shares in the last quarter. MFA Wealth Advisors LLC bought a new position in TKO Group in the 2nd quarter worth $36,000. Finally, GAMMA Investing LLC increased its stake in TKO Group by 388.6% in the 2nd quarter. GAMMA Investing LLC now owns 513 shares of the company’s stock worth $55,000 after buying an additional 408 shares in the last quarter. 89.79% of the stock is currently owned by hedge funds and other institutional investors.
TKO Group Price Performance
TKO opened at $113.67 on Thursday. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.34. The business has a fifty day moving average of $112.88 and a 200 day moving average of $102.53. TKO Group Holdings, Inc. has a 52-week low of $72.33 and a 52-week high of $120.70. The stock has a market cap of $19.36 billion, a P/E ratio of -112.54 and a beta of 1.04.
Wall Street Analysts Forecast Growth
Several brokerages recently issued reports on TKO. Redburn Atlantic began coverage on TKO Group in a research note on Thursday, July 18th. They set a “buy” rating and a $129.00 target price on the stock. JPMorgan Chase & Co. upped their target price on shares of TKO Group from $126.00 to $132.00 and gave the stock an “overweight” rating in a research report on Friday, August 9th. Roth Mkm boosted their price target on shares of TKO Group from $121.00 to $130.00 and gave the stock a “buy” rating in a research note on Monday, July 22nd. TD Cowen lifted their target price on TKO Group from $127.00 to $140.00 and gave the stock a “buy” rating in a report on Monday, August 12th. Finally, Morgan Stanley lifted their price objective on TKO Group from $115.00 to $118.00 and gave the stock an “equal weight” rating in a research note on Friday, August 9th. Two research analysts have rated the stock with a hold rating and thirteen have given 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 $121.93.
Check Out Our Latest Analysis on TKO Group
Insider Buying and Selling
In other news, Director Nick Khan sold 22,693 shares of the stock in a transaction on Monday, July 22nd. The stock was 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 of the company’s stock, valued at approximately $23,218,499.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 53.80% of the stock is owned by insiders.
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.
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