Public Employees Retirement System of Ohio Sells 1,392 Shares of TKO Group Holdings, Inc. (NYSE:TKO)

Public Employees Retirement System of Ohio decreased its position in TKO Group Holdings, Inc. (NYSE:TKO) by 4.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 28,767 shares of the company’s stock after selling 1,392 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in TKO Group were worth $3,559,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Petrus Trust Company LTA purchased a new stake in shares of TKO Group in the 3rd quarter worth about $597,000. Massachusetts Financial Services Co. MA boosted its stake in TKO Group by 29.1% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,704,728 shares of the company’s stock worth $210,892,000 after acquiring an additional 383,869 shares in the last quarter. HighTower Advisors LLC grew its holdings in TKO Group by 177.2% in the third quarter. HighTower Advisors LLC now owns 26,197 shares of the company’s stock worth $3,225,000 after purchasing an additional 16,746 shares during the period. Central Pacific Bank Trust Division increased its stake in shares of TKO Group by 499.8% during the third quarter. Central Pacific Bank Trust Division now owns 5,998 shares of the company’s stock valued at $742,000 after purchasing an additional 4,998 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of TKO Group by 14.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 452,753 shares of the company’s stock valued at $56,010,000 after purchasing an additional 56,312 shares during the last quarter. Hedge funds and other institutional investors own 89.79% of the company’s stock.

Insider Transactions at TKO Group

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

Wall Street Analyst Weigh In

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

TKO Group Stock Performance

Shares of NYSE TKO opened at $141.92 on Monday. 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 firm’s 50-day moving average price is $128.24 and its 200-day moving average price is $118.42. TKO Group Holdings, Inc. has a 52-week low of $74.25 and a 52-week high of $145.69. The company has a market cap of $24.24 billion, a PE ratio of -337.90 and a beta of 1.09.

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

About TKO Group

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.