TKO Group Holdings, Inc. (NYSE:TKO) Shares Acquired by Janus Henderson Group PLC

Janus Henderson Group PLC raised its stake in shares of TKO Group Holdings, Inc. (NYSE:TKO) by 1.1% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 34,245 shares of the company’s stock after purchasing an additional 367 shares during the quarter. Janus Henderson Group PLC’s holdings in TKO Group were worth $4,237,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Blue Trust Inc. grew its stake in shares of TKO Group by 52.4% during the 3rd quarter. Blue Trust Inc. now owns 259 shares of the company’s stock valued at $32,000 after buying an additional 89 shares during the period. First Horizon Advisors Inc. boosted its holdings in TKO Group by 491.5% in the third quarter. First Horizon Advisors Inc. now owns 278 shares of the company’s stock valued at $34,000 after acquiring an additional 231 shares during the last quarter. MFA Wealth Advisors LLC acquired a new position in TKO Group in the second quarter valued at $36,000. Signaturefd LLC grew its position in TKO Group by 39.4% during the third quarter. Signaturefd LLC now owns 386 shares of the company’s stock valued at $48,000 after acquiring an additional 109 shares during the period. Finally, Quarry LP acquired a new stake in TKO Group during the second quarter worth about $51,000. Institutional investors and hedge funds own 89.79% of the company’s stock.

TKO Group Stock Performance

Shares of TKO opened at $141.00 on Wednesday. The firm has a market cap of $24.08 billion, a price-to-earnings ratio of -335.71 and a beta of 1.09. 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 business’s 50 day moving average is $127.25 and its two-hundred day moving average is $117.70. TKO Group Holdings, Inc. has a 52-week low of $72.34 and a 52-week high of $145.69.

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

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on TKO. Benchmark lowered TKO Group from a “buy” rating to a “hold” rating in a research note on Thursday, October 24th. The Goldman Sachs Group lifted their price target on shares of TKO Group from $132.00 to $138.00 and gave the company a “buy” rating in a research report on Wednesday, October 2nd. Roth Mkm increased their price objective on shares of TKO Group from $146.00 to $148.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. JPMorgan Chase & Co. lifted their target price on shares of TKO Group from $132.00 to $137.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Finally, Pivotal Research increased their price target on TKO Group from $145.00 to $165.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Three equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $132.43.

Insider Transactions at TKO Group

In other TKO Group news, insider Mark S. Shapiro sold 31,026 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $114.76, for a total transaction of $3,560,543.76. Following the sale, the insider now owns 42,156 shares in the company, valued at $4,837,822.56. This represents a 42.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 53.80% of the company’s stock.

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.