TKO Group (NYSE:TKO) Reaches New 1-Year High at $108.85

TKO Group Holdings, Inc. (NYSE:TKOGet Free Report)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as $108.85 and last traded at $108.61, with a volume of 1073346 shares changing hands. The stock had previously closed at $107.49.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Roth Mkm boosted their price objective on TKO Group from $112.00 to $121.00 and gave the company a “buy” rating in a research note on Thursday, May 9th. Citigroup lifted their price objective on shares of TKO Group from $125.00 to $130.00 and gave the company a “buy” rating in a research note on Tuesday, March 19th. Morgan Stanley initiated coverage on TKO Group in a research report on Wednesday, February 14th. They set an “equal weight” rating and a $95.00 target price on the stock. TD Cowen upgraded TKO Group from a “hold” rating to a “buy” rating and boosted their price objective for the company from $92.00 to $127.00 in a research note on Wednesday, May 15th. Finally, The Goldman Sachs Group assumed coverage on TKO Group in a research note on Thursday, March 7th. They issued a “buy” rating and a $102.00 target price for the company. Two investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, TKO Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $113.46.

Read Our Latest Stock Report on TKO

TKO Group Trading Down 1.0 %

The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $18.35 billion, a PE ratio of -106.69 and a beta of 1.03. The stock’s fifty day moving average price is $97.60 and its two-hundred day moving average price is $86.68.

TKO Group (NYSE:TKOGet Free Report) last announced its earnings results on Wednesday, May 8th. The company reported $2.14 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $1.63. The company had revenue of $629.70 million during the quarter, compared to the consensus estimate of $609.28 million. TKO Group had a positive return on equity of 4.15% and a negative net margin of 4.14%. Sell-side analysts anticipate that TKO Group Holdings, Inc. will post 4.51 earnings per share for the current year.

Insider Activity at TKO Group

In other news, major shareholder Vincent K. Mcmahon sold 1,642,970 shares of the company’s stock in a transaction on Tuesday, April 9th. The stock was sold at an average price of $89.01, for a total transaction of $146,240,759.70. Following the transaction, the insider now directly owns 9,875,129 shares of the company’s stock, valued at $878,985,232.29. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 53.80% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On TKO Group

A number of hedge funds have recently added to or reduced their stakes in the stock. XN LP increased its position in TKO Group by 100.9% during the first quarter. XN LP now owns 1,983,346 shares of the company’s stock valued at $171,381,000 after acquiring an additional 996,161 shares during the last quarter. Comerica Bank grew its position in TKO Group by 5.5% during the first quarter. Comerica Bank now owns 28,979 shares of the company’s stock valued at $2,504,000 after buying an additional 1,503 shares during the period. Kodai Capital Management LP purchased a new stake in TKO Group during the first quarter valued at approximately $17,880,000. Steadfast Capital Management LP boosted its stake in shares of TKO Group by 147.6% during the 1st quarter. Steadfast Capital Management LP now owns 333,784 shares of the company’s stock worth $28,842,000 after acquiring an additional 199,000 shares during the last quarter. Finally, Fairview Capital Investment Management LLC purchased a new stake in shares of TKO Group in the 1st quarter worth $43,999,000. 89.79% of the stock is currently owned by hedge funds and other institutional investors.

TKO Group Company Profile

(Get Free Report)

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.

Further Reading

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