Brooklyn Investment Group Acquires 245 Shares of TKO Group Holdings, Inc. (NYSE:TKO)

Brooklyn Investment Group lifted its holdings in TKO Group Holdings, Inc. (NYSE:TKO) by 213.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 360 shares of the company’s stock after acquiring an additional 245 shares during the period. Brooklyn Investment Group’s holdings in TKO Group were worth $51,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sax Wealth Advisors LLC bought a new stake in shares of TKO Group in the 4th quarter valued at approximately $443,000. Park Avenue Securities LLC raised its holdings in TKO Group by 59.2% during the 4th quarter. Park Avenue Securities LLC now owns 13,004 shares of the company’s stock valued at $1,848,000 after buying an additional 4,836 shares during the period. Assenagon Asset Management S.A. bought a new stake in TKO Group in the fourth quarter worth $3,383,000. MRA Advisory Group purchased a new position in TKO Group during the fourth quarter worth $211,000. Finally, Harbour Capital Advisors LLC increased its position in TKO Group by 2.4% during the fourth quarter. Harbour Capital Advisors LLC now owns 10,555 shares of the company’s stock valued at $1,503,000 after acquiring an additional 243 shares during the last quarter. Hedge funds and other institutional investors own 89.79% of the company’s stock.

Insider Activity at TKO Group

In other news, major shareholder Patrick Whitesell bought 245,887 shares of the stock in a transaction on Friday, December 13th. The stock was bought at an average cost of $142.45 per share, for a total transaction of $35,026,603.15. Following the completion of the purchase, the insider now directly owns 1,825,030 shares in the company, valued at approximately $259,975,523.50. The trade was a 15.57 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Shane Kapral sold 1,034 shares of the company’s stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $141.94, for a total value of $146,765.96. Following the transaction, the chief accounting officer now directly owns 2,225 shares in the company, valued at approximately $315,816.50. The trade was a 31.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have purchased 600,647 shares of company stock valued at $86,815,728 and have sold 65,624 shares valued at $9,314,671. 53.80% of the stock is owned by corporate insiders.

TKO Group Trading Up 0.2 %

NYSE:TKO opened at $142.06 on Monday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.17 and a current ratio of 1.17. The firm has a 50-day simple moving average of $138.47 and a 200-day simple moving average of $124.70. TKO Group Holdings, Inc. has a one year low of $75.35 and a one year high of $149.40. The firm has a market cap of $24.26 billion, a P/E ratio of -338.23 and a beta of 1.07.

TKO Group (NYSE:TKO) last posted 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 positive return on equity of 3.39% and a negative net margin of 1.26%. The company had revenue of $681.20 million for the quarter, compared to analysts’ expectations of $665.12 million. During the same quarter in the prior year, the company earned $0.52 EPS. The firm’s quarterly revenue was up 51.7% on a year-over-year basis. Equities analysts anticipate that TKO Group Holdings, Inc. will post 3.88 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. The Goldman Sachs Group lifted their price target on shares of TKO Group from $132.00 to $138.00 and gave the stock a “buy” rating in a research note on Wednesday, October 2nd. UBS Group upped their target price on TKO Group from $135.00 to $170.00 and gave the company a “buy” rating in a research note on Tuesday, January 7th. JPMorgan Chase & Co. raised their price target on TKO Group from $137.00 to $158.00 and gave the stock an “overweight” rating in a research note on Thursday, December 12th. Guggenheim upped their price objective on TKO Group from $135.00 to $140.00 and gave the company a “buy” rating in a research report on Monday, September 30th. Finally, Benchmark downgraded TKO Group from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. Three 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.com, TKO Group currently has an average rating of “Moderate Buy” and an average target price of $139.29.

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.