Rice Hall James & Associates LLC Sells 23,894 Shares of TKO Group Holdings, Inc. (NYSE:TKO)

Rice Hall James & Associates LLC cut its holdings in TKO Group Holdings, Inc. (NYSE:TKO) by 6.2% during the fourth quarter, Holdings Channel.com reports. The firm owned 364,598 shares of the company’s stock after selling 23,894 shares during the quarter. TKO Group accounts for about 2.8% of Rice Hall James & Associates LLC’s portfolio, making the stock its 3rd biggest position. Rice Hall James & Associates LLC’s holdings in TKO Group were worth $51,813,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Geneos Wealth Management Inc. acquired a new stake in shares of TKO Group in the fourth quarter valued at approximately $32,000. Game Plan Financial Advisors LLC raised its holdings in shares of TKO Group by 172.2% in the fourth quarter. Game Plan Financial Advisors LLC now owns 245 shares of the company’s stock valued at $35,000 after purchasing an additional 155 shares during the last quarter. Blue Trust Inc. raised its holdings in shares of TKO Group by 52.4% in the third quarter. Blue Trust Inc. now owns 259 shares of the company’s stock valued at $32,000 after purchasing an additional 89 shares during the last quarter. UMB Bank n.a. raised its holdings in shares of TKO Group by 72.8% in the fourth quarter. UMB Bank n.a. now owns 273 shares of the company’s stock valued at $39,000 after purchasing an additional 115 shares during the last quarter. Finally, First Horizon Advisors Inc. raised its holdings 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 valued at $34,000 after purchasing an additional 231 shares during the last quarter. 89.79% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at TKO Group

In other news, CEO Ariel Emanuel bought 117,769 shares of the company’s stock in a transaction dated Wednesday, February 12th. The stock was bought at an average price of $175.40 per share, with a total value of $20,656,682.60. Following the completion of the acquisition, the chief executive officer now owns 2,579,437 shares of the company’s stock, valued at $452,433,249.80. This represents a 4.78 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, major shareholder Patrick Whitesell purchased 156,446 shares of the company’s stock in a transaction that occurred on Tuesday, February 11th. The stock was bought at an average cost of $175.60 per share, with a total value of $27,471,917.60. Following the purchase, the insider now owns 2,461,668 shares of the company’s stock, valued at $432,268,900.80. This represents a 6.79 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 2,498,297 shares of company stock valued at $387,671,461 and sold 71,457 shares valued at $10,153,456. Insiders own 53.80% of the company’s stock.

TKO Group Stock Up 0.6 %

TKO stock opened at $175.60 on Tuesday. TKO Group Holdings, Inc. has a one year low of $78.69 and a one year high of $179.09. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.34. The company has a fifty day moving average price of $150.34 and a two-hundred day moving average price of $132.42.

Wall Street Analyst Weigh In

Several research firms recently weighed in on TKO. JPMorgan Chase & Co. raised their target price on shares of TKO Group from $137.00 to $158.00 and gave the company an “overweight” rating in a research note on Thursday, December 12th. Pivotal Research raised their target price on shares of TKO Group from $145.00 to $165.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. The Goldman Sachs Group raised their target price on shares of TKO Group from $142.00 to $165.00 and gave the company a “buy” rating in a research note on Friday, January 24th. Citigroup raised their target price on shares of TKO Group from $137.00 to $170.00 and gave the company a “buy” rating in a research note on Tuesday, December 17th. Finally, UBS Group raised their target price on shares of TKO Group from $135.00 to $170.00 and gave the company a “buy” rating in a research note on Tuesday, January 7th. Three analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $148.08.

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.