Toth Financial Advisory Corp Buys 4,135 Shares of TKO Group Holdings, Inc. (NYSE:TKO)

Toth Financial Advisory Corp grew its position in shares of TKO Group Holdings, Inc. (NYSE:TKO) by 292.2% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,550 shares of the company’s stock after purchasing an additional 4,135 shares during the quarter. Toth Financial Advisory Corp’s holdings in TKO Group were worth $687,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Blue Trust Inc. boosted its holdings in shares of TKO Group by 52.4% during the 3rd quarter. Blue Trust Inc. now owns 259 shares of the company’s stock worth $32,000 after buying an additional 89 shares in the last quarter. MFA Wealth Advisors LLC bought a new position in TKO Group during the second quarter worth $36,000. Quarry LP acquired a new stake in TKO Group in the second quarter worth $51,000. GAMMA Investing LLC increased its stake in TKO Group by 388.6% in the second quarter. GAMMA Investing LLC now owns 513 shares of the company’s stock valued at $55,000 after purchasing an additional 408 shares in the last quarter. Finally, CWM LLC raised its holdings in shares of TKO Group by 92.3% during the third quarter. CWM LLC now owns 646 shares of the company’s stock valued at $80,000 after purchasing an additional 310 shares during the period. Institutional investors and hedge funds own 89.79% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Roth Mkm boosted their price objective on TKO Group from $146.00 to $148.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Guggenheim upped their price objective on shares of TKO Group from $135.00 to $140.00 and gave the stock a “buy” rating in a report on Monday, September 30th. TD Cowen lifted their price objective on shares of TKO Group from $127.00 to $140.00 and gave the company a “buy” rating in a report on Monday, August 12th. Bank of America started coverage on TKO Group in a research note on Tuesday, August 20th. They set a “buy” rating and a $140.00 price target for the company. Finally, The Goldman Sachs Group increased their price objective on TKO Group from $132.00 to $138.00 and gave the stock a “buy” rating in a research note on Wednesday, October 2nd. Two investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $132.21.

TKO Group Trading Down 0.8 %

Shares of TKO Group stock opened at $128.84 on Tuesday. The company’s 50-day moving average price is $121.11 and its 200-day moving average price is $110.55. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.34. TKO Group Holdings, Inc. has a 12-month low of $72.33 and a 12-month high of $130.95. The company has a market cap of $21.99 billion, a price-to-earnings ratio of -134.21 and a beta of 1.04.

TKO Group (NYSE:TKO) last announced its quarterly earnings results on Thursday, August 8th. The company reported $0.72 EPS for the quarter, missing the consensus estimate of $0.82 by ($0.10). TKO Group had a negative net margin of 3.14% and a positive return on equity of 3.10%. The firm had revenue of $851.20 million during the quarter, compared to the consensus estimate of $771.54 million. During the same period in the previous year, the business earned $0.91 earnings per share. The firm’s revenue for the quarter was up 178.9% on a year-over-year basis. On average, equities analysts expect that TKO Group Holdings, Inc. will post 4.17 earnings per share for the current fiscal year.

Insider Buying and Selling at TKO Group

In other news, insider Mark S. Shapiro sold 31,026 shares of the business’s stock in a transaction dated 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 completion of the transaction, the insider now owns 42,156 shares of the company’s stock, valued at approximately $4,837,822.56. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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.