TKO Group Holdings, Inc. (NYSE:TKO) Shares Sold by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC lowered its position in TKO Group Holdings, Inc. (NYSE:TKO) by 4.6% in the third quarter, HoldingsChannel reports. The fund owned 9,310 shares of the company’s stock after selling 451 shares during the quarter. Janney Montgomery Scott LLC’s holdings in TKO Group were worth $1,152,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Vanguard Group Inc. increased its stake in shares of TKO Group by 1.3% during the first quarter. Vanguard Group Inc. now owns 6,074,522 shares of the company’s stock worth $524,899,000 after purchasing an additional 79,166 shares in the last quarter. Ninety One UK Ltd lifted its holdings in shares of TKO Group by 15.9% in the 2nd quarter. Ninety One UK Ltd now owns 4,065,230 shares of the company’s stock worth $439,004,000 after acquiring an additional 557,444 shares during the last quarter. Darlington Partners Capital Management LP lifted its holdings in TKO Group by 3.1% during the 2nd quarter. Darlington Partners Capital Management LP now owns 3,065,703 shares of the company’s stock worth $331,065,000 after buying an additional 90,868 shares in the last quarter. XN LP lifted its holdings in TKO Group by 100.9% during the 1st quarter. XN LP now owns 1,983,346 shares of the company’s stock worth $171,381,000 after buying an additional 996,161 shares in the last quarter. Finally, Clearbridge Investments LLC increased its position in shares of TKO Group by 9.5% in the 2nd quarter. Clearbridge Investments LLC now owns 1,800,784 shares of the company’s stock valued at $194,467,000 after purchasing an additional 155,940 shares during the last quarter. Institutional investors and hedge funds own 89.79% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on TKO. Roth Mkm increased their target price on shares of TKO Group from $146.00 to $148.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. TD Cowen boosted their price objective on shares of TKO Group from $140.00 to $143.00 and gave the stock a “buy” rating in a report on Tuesday, October 29th. UBS Group upped their price target on shares of TKO Group from $115.00 to $135.00 and gave the company a “buy” rating in a report on Friday, August 9th. Pivotal Research boosted their price objective on shares of TKO Group from $140.00 to $145.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of TKO Group from $132.00 to $137.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. Three analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $131.00.

Insider Buying and Selling at TKO Group

In other TKO Group news, insider Mark S. Shapiro sold 31,026 shares of the 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. This represents a 42.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 53.80% of the stock is currently owned by insiders.

TKO Group Price Performance

TKO Group stock opened at $119.32 on Friday. TKO Group Holdings, Inc. has a 52-week low of $72.33 and a 52-week high of $130.95. The firm has a fifty day moving average of $121.47 and a 200-day moving average of $113.29. The firm has a market capitalization of $20.36 billion, a P/E ratio of -284.10 and a beta of 1.06. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.34.

TKO Group (NYSE:TKO) last announced its earnings results on Wednesday, November 6th. The company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.28). The firm had revenue of $681.20 million during the quarter, compared to analysts’ expectations of $665.12 million. TKO Group had a negative net margin of 1.26% and a positive return on equity of 3.39%. TKO Group’s revenue for the quarter was up 51.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.52 earnings per share. As a group, analysts predict that TKO Group Holdings, Inc. will post 1.88 EPS for the current year.

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.