UMB Bank n.a. Raises Stake in TKO Group Holdings, Inc. (NYSE:TKO)

UMB Bank n.a. lifted its holdings in TKO Group Holdings, Inc. (NYSE:TKO) by 72.8% in the 4th quarter, Holdings Channel.com reports. The fund owned 273 shares of the company’s stock after buying an additional 115 shares during the quarter. UMB Bank n.a.’s holdings in TKO Group were worth $39,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the business. Park Avenue Securities LLC lifted its stake in shares of TKO Group by 59.2% during the fourth quarter. Park Avenue Securities LLC now owns 13,004 shares of the company’s stock worth $1,848,000 after purchasing an additional 4,836 shares in the last quarter. Retirement Systems of Alabama raised its holdings in shares of TKO Group by 11.0% during the 3rd quarter. Retirement Systems of Alabama now owns 80,707 shares of the company’s stock valued at $9,984,000 after buying an additional 8,006 shares during the period. HighTower Advisors LLC lifted its position in TKO Group by 177.2% during the 3rd quarter. HighTower Advisors LLC now owns 26,197 shares of the company’s stock worth $3,225,000 after acquiring an additional 16,746 shares in the last quarter. Petrus Trust Company LTA purchased a new position in TKO Group in the 3rd quarter worth approximately $597,000. Finally, Principal Financial Group Inc. boosted its stake in shares of TKO Group by 1.1% in the third quarter. Principal Financial Group Inc. now owns 1,246,338 shares of the company’s stock valued at $154,185,000 after purchasing an additional 13,148 shares during the period. Hedge funds and other institutional investors own 89.79% of the company’s stock.

Insider Transactions at TKO Group

In related news, CAO Shane Kapral sold 1,034 shares of TKO Group stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $141.94, for a total transaction of $146,765.96. Following the completion of the sale, the chief accounting officer now owns 2,225 shares of the company’s stock, valued at approximately $315,816.50. The trade was a 31.73 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Seth D. Krauss sold 2,438 shares of the company’s stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $143.80, for a total value of $350,584.40. Following the completion of the transaction, the insider now directly owns 7,983 shares in the company, valued at $1,147,955.40. The trade was a 23.40 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have acquired 950,664 shares of company stock valued at $137,096,831 and have sold 71,457 shares valued at $10,153,456. 53.80% of the stock is currently owned by insiders.

TKO Group Trading Up 0.7 %

Shares of NYSE TKO opened at $153.06 on Friday. TKO Group Holdings, Inc. has a fifty-two week low of $78.69 and a fifty-two week high of $154.25. The firm has a market capitalization of $26.14 billion, a P/E ratio of -364.44 and a beta of 1.07. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.17 and a quick ratio of 1.17. The company’s 50 day simple moving average is $141.35 and its 200 day simple moving average is $125.85.

TKO Group (NYSE:TKO) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.28). The company had revenue of $681.20 million during the quarter, compared to the consensus estimate of $665.12 million. TKO Group had a negative net margin of 1.26% and a positive return on equity of 3.39%. The business’s revenue was up 51.7% compared to the same quarter last year. During the same period last year, the company earned $0.52 earnings per share. On average, analysts predict that TKO Group Holdings, Inc. will post 3.88 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. JPMorgan Chase & Co. upped their target price on TKO Group from $137.00 to $158.00 and gave the company an “overweight” rating in a research report on Thursday, December 12th. Pivotal Research lifted their target price on TKO Group from $145.00 to $165.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Citigroup lifted their price objective on shares of TKO Group from $137.00 to $170.00 and gave the stock a “buy” rating in a report on Tuesday, December 17th. Guggenheim raised their price target on shares of TKO Group from $135.00 to $140.00 and gave the stock a “buy” rating in a research report on Monday, September 30th. Finally, The Goldman Sachs Group boosted their price objective on shares of TKO Group from $142.00 to $165.00 and gave the company a “buy” rating in a research report on Friday. Three equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, TKO Group currently has an average rating of “Moderate Buy” and an average target price of $141.21.

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.