Nisa Investment Advisors LLC Trims Holdings in TKO Group Holdings, Inc. (NYSE:TKO)

Nisa Investment Advisors LLC lessened its holdings in shares of TKO Group Holdings, Inc. (NYSE:TKO) by 77.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,715 shares of the company’s stock after selling 15,876 shares during the period. Nisa Investment Advisors LLC’s holdings in TKO Group were worth $385,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of TKO. Strengthening Families & Communities LLC bought a new stake in TKO Group during the 3rd quarter valued at approximately $26,000. Fifth Third Bancorp bought a new stake in TKO Group during the 3rd quarter valued at approximately $27,000. Covestor Ltd bought a new stake in TKO Group during the 3rd quarter valued at approximately $27,000. International Assets Investment Management LLC bought a new stake in TKO Group during the 4th quarter valued at approximately $27,000. Finally, Baker Avenue Asset Management LP bought a new stake in TKO Group during the 3rd quarter valued at approximately $36,000. Hedge funds and other institutional investors own 89.79% of the company’s stock.

TKO Group Price Performance

Shares of TKO opened at $95.77 on Friday. The firm has a market cap of $16.47 billion, a PE 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. The firm 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.

TKO Group (NYSE:TKO) last announced its earnings results on Tuesday, February 27th. The company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.59). The company 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%. On average, equities analysts anticipate that TKO Group Holdings, Inc. will post 2.39 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Northcoast Research assumed coverage on TKO Group in a research report on Tuesday, February 6th. They set a “buy” rating and a $105.00 price objective on the stock. Citigroup boosted their price target on TKO Group from $125.00 to $130.00 and gave the stock a “buy” rating in a research report on Tuesday, March 19th. Roth Mkm reissued a “buy” rating and issued a $112.00 price target on shares of TKO Group in a research report on Friday, April 12th. Morgan Stanley assumed coverage on TKO Group in a research report on Wednesday, February 14th. They issued an “equal weight” rating and a $95.00 price target on the stock. Finally, The Goldman Sachs Group assumed coverage on TKO Group in a research report on Thursday, March 7th. They issued a “buy” rating and a $102.00 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’s stock. Based on data from MarketBeat, TKO Group has an average rating of “Moderate Buy” and an average price target of $108.31.

Insider Buying and Selling at TKO Group

In other TKO Group news, major shareholder Vincent K. Mcmahon sold 1,642,970 shares of the business’s stock in a transaction on Tuesday, April 9th. The shares were sold at an average price of $89.01, for a total transaction of $146,240,759.70. Following the completion of the sale, the insider now directly owns 9,875,129 shares in the company, valued at approximately $878,985,232.29. The sale was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 38.90% of the company’s stock.

TKO Group Company 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.