TKO Group Holdings, Inc. (NYSE:TKO) CFO Andrew M. Schleimer Sells 5,419 Shares of Stock

TKO Group Holdings, Inc. (NYSE:TKO) CFO Andrew M. Schleimer sold 5,419 shares of the stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $141.94, for a total transaction of $769,172.86. Following the completion of the transaction, the chief financial officer now directly owns 6,995 shares of the company’s stock, valued at $992,870.30. This trade represents a 43.65 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

TKO Group Stock Down 0.5 %

Shares of NYSE:TKO opened at $141.74 on Tuesday. TKO Group Holdings, Inc. has a 1 year low of $75.35 and a 1 year high of $149.40. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.17 and a quick ratio of 1.17. The business’s 50-day moving average is $134.17 and its 200-day moving average is $122.56. The company has a market capitalization of $24.20 billion, a price-to-earnings ratio of -337.48 and a beta of 1.07.

TKO Group (NYSE:TKO) last issued 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 business 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%. TKO Group’s quarterly revenue was up 51.7% compared to the same quarter last year. During the same period last year, the firm posted $0.52 earnings per share. Equities research analysts predict that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current year.

Institutional Investors Weigh In On TKO Group

A number of large investors have recently bought and sold shares of the stock. Darlington Partners Capital Management LP boosted its position in shares of TKO Group by 3.1% during the 2nd quarter. Darlington Partners Capital Management LP now owns 3,065,703 shares of the company’s stock worth $331,065,000 after purchasing an additional 90,868 shares in the last quarter. State Street Corp raised its stake in TKO Group by 10.4% during the 3rd quarter. State Street Corp now owns 2,052,916 shares of the company’s stock worth $253,966,000 after buying an additional 192,602 shares during the period. Clearbridge Investments LLC boosted its holdings in TKO Group by 9.5% in the second quarter. Clearbridge Investments LLC now owns 1,800,784 shares of the company’s stock worth $194,467,000 after acquiring an additional 155,940 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in TKO Group by 29.1% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,704,728 shares of the company’s stock valued at $210,892,000 after acquiring an additional 383,869 shares during the period. Finally, Principal Financial Group Inc. increased its holdings in shares of TKO Group by 1.1% during the third quarter. Principal Financial Group Inc. now owns 1,246,338 shares of the company’s stock valued at $154,185,000 after acquiring an additional 13,148 shares in the last quarter. 89.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TKO has been the subject of a number of research analyst reports. Pivotal Research upped their price objective on shares of TKO Group from $145.00 to $165.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Benchmark cut TKO Group from a “buy” rating to a “hold” rating in a research note on Thursday, October 24th. JPMorgan Chase & Co. raised their price objective on TKO Group from $137.00 to $158.00 and gave the company an “overweight” rating in a report on Thursday, December 12th. Citigroup increased their target price on TKO Group from $137.00 to $170.00 and gave the company a “buy” rating in a research report on Tuesday, December 17th. Finally, Guggenheim boosted their price target on TKO Group from $135.00 to $140.00 and gave the stock a “buy” rating in a report on Monday, September 30th. Three analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $136.79.

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.