Oppenheimer & Co. Inc. Buys New Position in TKO Group Holdings, Inc. (NYSE:TKO)

Oppenheimer & Co. Inc. purchased a new position in shares of TKO Group Holdings, Inc. (NYSE:TKO) during the third quarter, Holdings Channel.com reports. The fund purchased 1,798 shares of the company’s stock, valued at approximately $222,000.

Several other hedge funds have also made changes to their positions in the business. Blue Trust Inc. lifted its holdings in TKO Group by 52.4% during the 3rd quarter. Blue Trust Inc. now owns 259 shares of the company’s stock worth $32,000 after buying an additional 89 shares in the last quarter. Quent Capital LLC raised its stake in shares of TKO Group by 17.4% in the third quarter. Quent Capital LLC now owns 680 shares of the company’s stock valued at $84,000 after acquiring an additional 101 shares in the last quarter. Signaturefd LLC boosted its holdings in TKO Group by 39.4% in the third quarter. Signaturefd LLC now owns 386 shares of the company’s stock valued at $48,000 after purchasing an additional 109 shares during the period. Oppenheimer Asset Management Inc. grew its stake in TKO Group by 3.6% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 3,971 shares of the company’s stock worth $491,000 after purchasing an additional 139 shares in the last quarter. Finally, Bank of Montreal Can increased its holdings in TKO Group by 2.8% during the 2nd quarter. Bank of Montreal Can now owns 6,652 shares of the company’s stock worth $719,000 after purchasing an additional 184 shares during the period. Institutional investors and hedge funds own 89.79% of the company’s stock.

Insiders Place Their Bets

In other TKO Group news, insider Mark S. Shapiro sold 31,026 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $114.76, for a total transaction of $3,560,543.76. Following the completion of the sale, the insider now directly owns 42,156 shares of the company’s stock, valued at approximately $4,837,822.56. This trade represents a 42.40 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 53.80% of the stock is currently owned by insiders.

TKO Group Stock Down 0.8 %

Shares of NYSE TKO opened at $135.77 on Friday. The stock has a market cap of $23.19 billion, a PE ratio of -323.26 and a beta of 1.06. TKO Group Holdings, Inc. has a 52-week low of $72.33 and a 52-week high of $139.09. The business has a 50-day moving average price of $123.24 and a 200 day moving average price of $114.54. 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 posted its quarterly earnings data 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 analyst estimates 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 was up 51.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.52 earnings per share. Equities research analysts forecast that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. UBS Group lifted their price objective on TKO Group from $115.00 to $135.00 and gave the company a “buy” rating in a research note on Friday, August 9th. Morgan Stanley boosted their price target on shares of TKO Group from $115.00 to $118.00 and gave the stock an “equal weight” rating in a report on Friday, August 9th. Roth Mkm raised their price objective on shares of TKO Group from $146.00 to $148.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Guggenheim boosted their target price on shares of TKO Group from $135.00 to $140.00 and gave the stock a “buy” rating in a research note on Monday, September 30th. Finally, TD Cowen increased their target price on TKO Group from $140.00 to $143.00 and gave the company a “buy” rating in a report on Tuesday, October 29th. Three equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $131.00.

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.