TKO Group Holdings, Inc. (NYSE:TKO) Shares Bought by Epoch Investment Partners Inc.

Epoch Investment Partners Inc. boosted its holdings in TKO Group Holdings, Inc. (NYSE:TKO) by 3.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,030,910 shares of the company’s stock after buying an additional 37,576 shares during the quarter. Epoch Investment Partners Inc. owned approximately 0.61% of TKO Group worth $111,328,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. MFA Wealth Advisors LLC acquired a new position in TKO Group in the second quarter valued at $36,000. GAMMA Investing LLC raised its stake in shares of TKO Group by 388.6% during the 2nd quarter. GAMMA Investing LLC now owns 513 shares of the company’s stock worth $55,000 after buying an additional 408 shares during the last quarter. Scarborough Advisors LLC acquired a new stake in shares of TKO Group in the fourth quarter valued at approximately $79,000. Sunbelt Securities Inc. grew its holdings in TKO Group by 1,384.4% during the 1st quarter. Sunbelt Securities Inc. now owns 1,143 shares of the company’s stock valued at $99,000 after buying an additional 1,066 shares during the last quarter. Finally, TFO Wealth Partners LLC purchased a new stake in TKO Group during the 4th quarter worth about $124,000. Institutional investors and hedge funds own 89.79% of the company’s stock.

TKO Group Stock Down 2.1 %

TKO Group stock opened at $121.94 on Friday. The company has a 50-day simple moving average of $114.08 and a 200-day simple moving average of $104.32. The firm has a market capitalization of $20.77 billion, a P/E ratio of -120.73 and a beta of 1.04. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.99 and a current ratio of 0.99. TKO Group Holdings, Inc. has a one year low of $72.33 and a one year high of $125.49.

TKO Group (NYSE:TKO) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.72 earnings per share for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.10). The company had revenue of $851.20 million for the quarter, compared to the consensus estimate of $771.54 million. TKO Group had a negative net margin of 3.14% and a positive return on equity of 3.10%. TKO Group’s revenue for the quarter was up 178.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.91 earnings per share. As a group, equities analysts expect that TKO Group Holdings, Inc. will post 4.17 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages recently commented on TKO. Redburn Atlantic began coverage on shares of TKO Group in a research report on Thursday, July 18th. They set a “buy” rating and a $129.00 price target for the company. Roth Mkm boosted their price target on TKO Group from $121.00 to $130.00 and gave the stock a “buy” rating in a research report on Monday, July 22nd. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $132.00 price objective on shares of TKO Group in a research report on Thursday, September 12th. Pivotal Research assumed coverage on TKO Group in a research report on Friday, September 13th. They set a “buy” rating and a $170.00 target price on the stock. Finally, Morgan Stanley lifted their price target on shares of 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 analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $127.13.

Insider Activity

In other news, Director Nick Khan sold 22,693 shares of TKO Group stock in a transaction that occurred on Monday, July 22nd. The shares were sold at an average price of $105.53, for a total value 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other TKO Group news, insider Mark S. Shapiro sold 31,026 shares of the business’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $114.76, for a total transaction of $3,560,543.76. Following the sale, the insider now directly owns 42,156 shares of the company’s stock, valued at approximately $4,837,822.56. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Nick Khan sold 22,693 shares of the company’s stock in a transaction on Monday, July 22nd. The shares were sold at an average price of $105.53, for a total value of $2,394,792.29. Following the transaction, the director now directly owns 220,018 shares in the company, valued at $23,218,499.54. The disclosure for this sale can be found here. 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.