Oak Thistle LLC Takes Position in TKO Group Holdings, Inc. (NYSE:TKO)

Oak Thistle LLC purchased a new stake in TKO Group Holdings, Inc. (NYSE:TKOFree Report) in the fourth quarter, Holdings Channel.com reports. The fund purchased 9,839 shares of the company’s stock, valued at approximately $803,000.

A number of other large investors have also made changes to their positions in TKO. Ninety One UK Ltd purchased a new position in shares of TKO Group in the 3rd quarter valued at about $320,964,000. Ninety One SA PTY Ltd purchased a new position in TKO Group during the 3rd quarter valued at about $21,161,000. Quent Capital LLC purchased a new position in TKO Group during the 3rd quarter valued at about $27,000. National Bank of Canada FI purchased a new position in TKO Group during the 3rd quarter valued at about $882,000. Finally, FNY Investment Advisers LLC purchased a new position in TKO Group during the 3rd quarter valued at about $84,000. Hedge funds and other institutional investors own 89.79% of the company’s stock.

TKO Group Trading Up 5.2 %

TKO opened at $90.68 on Wednesday. The firm has a market capitalization of $15.59 billion, a P/E ratio of 133.35 and a beta of 1.06. The firm’s 50 day moving average is $84.73 and its 200-day moving average is $81.96. TKO Group Holdings, Inc. has a 52-week low of $72.33 and a 52-week high of $106.16. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.33.

TKO Group (NYSE:TKOGet Free Report) last posted its quarterly earnings data on Tuesday, February 27th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.59). The firm had revenue of $614.00 million for the quarter, compared to analysts’ expectations of $619.48 million. TKO Group had a net margin of 3.02% and a return on equity of 3.11%. Analysts expect that TKO Group Holdings, Inc. will post 2.4 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have issued reports on TKO shares. Moffett Nathanson started coverage on shares of TKO Group in a research note on Monday, January 29th. They set a “neutral” rating and a $95.00 price target on the stock. Jefferies Financial Group began coverage on shares of TKO Group in a research report on Monday, February 12th. They issued a “buy” rating and a $120.00 target price on the stock. TD Cowen initiated coverage on shares of TKO Group in a research report on Friday, January 12th. They issued a “market perform” rating and a $92.00 target price on the stock. The Goldman Sachs Group initiated coverage on shares of TKO Group in a research report on Thursday, March 7th. They set a “buy” rating and a $102.00 price target on the stock. Finally, Northcoast Research initiated coverage on shares of TKO Group in a research report on Tuesday, February 6th. They set a “buy” rating and a $105.00 price target on the stock. Three research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $107.46.

Read Our Latest Stock Analysis on TKO

TKO Group Profile

(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.

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Institutional Ownership by Quarter for TKO Group (NYSE:TKO)

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