Chesapeake Capital Corp IL Takes $1.02 Million Position in TKO Group Holdings, Inc. (NYSE:TKO)

Chesapeake Capital Corp IL purchased a new stake in shares of TKO Group Holdings, Inc. (NYSE:TKO) in the third quarter, Holdings Channel.com reports. The institutional investor purchased 8,132 shares of the company’s stock, valued at approximately $1,016,000. TKO Group accounts for about 0.9% of Chesapeake Capital Corp IL’s holdings, making the stock its 19th biggest holding.

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

TKO Group Stock Performance

Shares of TKO Group stock opened at $119.24 on Friday. The business has a 50-day moving average price of $121.47 and a 200-day moving average price of $113.42. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.17 and a current ratio of 1.17. TKO Group Holdings, Inc. has a twelve month low of $72.33 and a twelve month high of $130.95.

TKO Group (NYSE:TKO) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.28). The company had revenue of $681.20 million during the quarter, compared to analysts’ expectations of $665.12 million. TKO Group had a positive return on equity of 3.39% and a negative net margin of 1.26%. The company’s revenue was up 51.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.52 EPS. As a group, sell-side analysts predict that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. The Goldman Sachs Group increased their price target on TKO Group from $132.00 to $138.00 and gave the company a “buy” rating in a report on Wednesday, October 2nd. Roth Mkm raised their target price on TKO Group from $146.00 to $148.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. JPMorgan Chase & Co. increased their price target on TKO Group from $132.00 to $137.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Pivotal Research increased their price target on TKO Group from $140.00 to $145.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Finally, Benchmark lowered TKO Group from a “buy” rating to a “hold” rating in a research note on Thursday, October 24th. Three equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $131.00.

Insider Buying and Selling

In related news, insider Mark S. Shapiro sold 31,026 shares of TKO Group stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $114.76, for a total value of $3,560,543.76. Following the completion of the transaction, the insider now owns 42,156 shares in the company, valued at approximately $4,837,822.56. This trade represents a 42.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 53.80% of the stock is currently owned by company insiders.

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.