Coldstream Capital Management Inc. Buys 97 Shares of TKO Group Holdings, Inc. (NYSE:TKO)

Coldstream Capital Management Inc. boosted its stake in TKO Group Holdings, Inc. (NYSE:TKO) by 3.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,070 shares of the company’s stock after purchasing an additional 97 shares during the quarter. Coldstream Capital Management Inc.’s holdings in TKO Group were worth $379,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in TKO. SG Americas Securities LLC grew its position in shares of TKO Group by 109.8% during the 2nd quarter. SG Americas Securities LLC now owns 3,323 shares of the company’s stock worth $359,000 after buying an additional 1,739 shares during the period. Wealth Enhancement Advisory Services LLC bought a new position in TKO Group during the 2nd quarter worth approximately $222,000. Envestnet Portfolio Solutions Inc. boosted its stake in TKO Group by 10.0% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 3,156 shares of the company’s stock worth $341,000 after acquiring an additional 286 shares during the last quarter. Nisa Investment Advisors LLC grew its holdings in TKO Group by 8.9% during the second quarter. Nisa Investment Advisors LLC now owns 5,114 shares of the company’s stock valued at $552,000 after purchasing an additional 419 shares during the period. Finally, Ninety One UK Ltd increased its stake in TKO Group by 15.9% in the second quarter. Ninety One UK Ltd now owns 4,065,230 shares of the company’s stock valued at $439,004,000 after purchasing an additional 557,444 shares in the last quarter. Institutional investors own 89.79% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. TD Cowen lifted their price target on shares of TKO Group from $140.00 to $143.00 and gave the stock a “buy” rating in a research report on Tuesday, October 29th. Guggenheim boosted their target price on TKO Group from $135.00 to $140.00 and gave the company a “buy” rating in a research note on Monday, September 30th. Pivotal Research increased their price target on TKO Group from $145.00 to $165.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. JPMorgan Chase & Co. lifted their price objective on TKO Group from $137.00 to $158.00 and gave the company an “overweight” rating in a report on Thursday. Finally, Roth Mkm increased their target price on TKO Group from $146.00 to $148.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Three equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $133.93.

TKO Group Price Performance

Shares of TKO opened at $141.92 on Friday. The company has a 50 day moving average of $128.24 and a 200-day moving average of $118.35. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $24.24 billion, a P/E ratio of -337.90 and a beta of 1.09. TKO Group Holdings, Inc. has a twelve month low of $74.25 and a twelve month high of $145.69.

TKO Group (NYSE:TKO) last released its earnings results on Wednesday, November 6th. The company reported $0.28 earnings per share 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 during the quarter, compared to the consensus estimate of $665.12 million. During the same period last year, the business posted $0.52 EPS. The firm’s revenue for the quarter was up 51.7% on a year-over-year basis. As a group, equities research analysts forecast that TKO Group Holdings, Inc. will post 3.88 EPS for the current fiscal year.

Insider Activity at TKO Group

In related news, major shareholder Patrick Whitesell acquired 31,352 shares of the business’s stock in a transaction dated Wednesday, December 11th. The stock was bought at an average price of $142.03 per share, with a total value of $4,452,924.56. Following the acquisition, the insider now owns 1,674,322 shares in the company, valued at $237,803,953.66. This represents a 1.91 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Ariel Emanuel bought 60,208 shares of the stock in a transaction that occurred on Thursday, December 12th. The shares were purchased at an average price of $143.73 per share, for a total transaction of $8,653,695.84. Following the completion of the acquisition, the chief executive officer now owns 1,734,530 shares of the company’s stock, valued at $249,303,996.90. The trade was a 3.60 % increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 337,447 shares of company stock valued at $48,133,224. 53.80% of the stock is owned by 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.