Everence Capital Management Inc. Invests $354,000 in TKO Group Holdings, Inc. (NYSE:TKO)

Everence Capital Management Inc. bought a new position in TKO Group Holdings, Inc. (NYSE:TKO) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 2,490 shares of the company’s stock, valued at approximately $354,000.

Several other hedge funds also recently bought and sold shares of TKO. Blue Trust Inc. raised its holdings in shares of TKO Group by 52.4% in the 3rd quarter. Blue Trust Inc. now owns 259 shares of the company’s stock valued at $32,000 after acquiring an additional 89 shares in the last quarter. First Horizon Advisors Inc. grew its stake in TKO Group by 491.5% in the 3rd quarter. First Horizon Advisors Inc. now owns 278 shares of the company’s stock worth $34,000 after buying an additional 231 shares in the last quarter. Signaturefd LLC increased its holdings in shares of TKO Group by 39.4% in the 3rd quarter. Signaturefd LLC now owns 386 shares of the company’s stock worth $48,000 after buying an additional 109 shares during the last quarter. Quarry LP bought a new stake in shares of TKO Group during the 2nd quarter worth $51,000. Finally, International Assets Investment Management LLC grew its position in TKO Group by 12,275.0% in the third quarter. International Assets Investment Management LLC now owns 495 shares of the company’s stock worth $61,000 after acquiring an additional 491 shares in the last quarter. Hedge funds and other institutional investors own 89.79% of the company’s stock.

Insiders Place Their Bets

In related news, Director Nick Khan sold 27,505 shares of the stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $141.94, for a total transaction of $3,904,059.70. Following the sale, the director now directly owns 169,004 shares of the company’s stock, valued at $23,988,427.76. This trade represents a 14.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Andrew M. Schleimer sold 5,419 shares of the business’s stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $141.94, for a total value of $769,172.86. Following the completion of the transaction, the chief financial officer now directly owns 6,995 shares of the company’s stock, valued at approximately $992,870.30. This trade represents a 43.65 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have purchased 600,647 shares of company stock valued at $86,815,728 and have sold 65,624 shares valued at $9,314,671. Corporate insiders own 53.80% of the company’s stock.

TKO Group Trading Down 0.5 %

NYSE:TKO opened at $141.74 on Tuesday. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.34. TKO Group Holdings, Inc. has a 12 month low of $75.35 and a 12 month high of $149.40. The company has a 50-day moving average price of $134.17 and a 200-day moving average price of $122.56. The stock has a market cap of $24.20 billion, a price-to-earnings ratio of -337.48 and a beta of 1.07.

TKO Group (NYSE:TKO) last announced its 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). TKO Group had a negative net margin of 1.26% and a positive return on equity of 3.39%. The business had revenue of $681.20 million for the quarter, compared to the consensus estimate of $665.12 million. During the same quarter last year, the firm posted $0.52 EPS. The business’s quarterly revenue was up 51.7% on a year-over-year basis. Equities analysts predict that TKO Group Holdings, Inc. will post 3.88 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on TKO. Roth Mkm lifted their price target on TKO Group from $146.00 to $148.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Benchmark downgraded shares of TKO Group from a “buy” rating to a “hold” rating in a research note on Thursday, October 24th. Pivotal Research upped their price objective 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. Citigroup lifted their target price on shares of TKO Group from $137.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday, December 17th. Finally, The Goldman Sachs Group increased their target price on TKO Group from $132.00 to $138.00 and gave the company a “buy” rating in a report on Wednesday, October 2nd. Three analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $136.79.

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.