Mutual of America Capital Management LLC Acquires 3,110 Shares of TKO Group Holdings, Inc. (NYSE:TKO)

Mutual of America Capital Management LLC lifted its holdings in shares of TKO Group Holdings, Inc. (NYSE:TKO) by 9.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,064 shares of the company’s stock after purchasing an additional 3,110 shares during the period. Mutual of America Capital Management LLC’s holdings in TKO Group were worth $3,024,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Strengthening Families & Communities LLC acquired a new position in TKO Group during the 3rd quarter worth approximately $26,000. Covestor Ltd acquired a new position in TKO Group during the 3rd quarter worth approximately $27,000. Fifth Third Bancorp acquired a new position in TKO Group during the 3rd quarter worth approximately $27,000. International Assets Investment Management LLC acquired a new position in TKO Group during the 4th quarter worth approximately $27,000. Finally, Quent Capital LLC raised its stake in TKO Group by 113.7% during the 4th quarter. Quent Capital LLC now owns 673 shares of the company’s stock worth $55,000 after buying an additional 358 shares during the period. Institutional investors own 89.79% of the company’s stock.

Insider Buying and Selling at TKO Group

In other TKO Group news, major shareholder Vincent K. Mcmahon sold 1,642,970 shares of the 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 completion of 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 through the SEC website. 38.90% of the stock is owned by corporate insiders.

TKO Group Price Performance

Shares of NYSE TKO opened at $95.77 on Friday. The stock has a fifty day simple moving average of $87.14 and a two-hundred day simple moving average of $82.60. TKO Group Holdings, Inc. has a 1-year low of $72.33 and a 1-year high of $106.16. The firm has a market cap of $16.47 billion, a price-to-earnings ratio of 140.84 and a beta of 1.06. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.33.

TKO Group (NYSE:TKO) last announced its quarterly earnings data on Tuesday, February 27th. The company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.59). TKO Group had a net margin of 3.02% and a return on equity of 3.11%. The firm had revenue of $614.00 million for the quarter, compared to the consensus estimate of $619.48 million. Analysts anticipate that TKO Group Holdings, Inc. will post 2.39 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on TKO shares. Morgan Stanley started coverage on TKO Group in a research note on Wednesday, February 14th. They issued an “equal weight” rating and a $95.00 price objective for the company. Jefferies Financial Group increased their price objective on TKO Group from $120.00 to $131.00 and gave the stock a “buy” rating in a research note on Friday, April 12th. Northcoast Research started coverage on TKO Group in a research note on Tuesday, February 6th. They issued a “buy” rating and a $105.00 price objective for the company. Citigroup increased their price objective on TKO Group from $125.00 to $130.00 and gave the stock a “buy” rating in a research note on Tuesday, March 19th. Finally, TD Cowen started coverage on TKO Group in a research note on Friday, January 12th. They issued a “market perform” rating and a $92.00 price objective for the company. Three investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, TKO Group has a consensus rating of “Moderate Buy” and a consensus target price of $108.31.

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.