Icon Wealth Advisors LLC Purchases New Shares in TKO Group Holdings, Inc. (NYSE:TKO)

Icon Wealth Advisors LLC purchased a new stake in shares of TKO Group Holdings, Inc. (NYSE:TKO) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 1,008 shares of the company’s stock, valued at approximately $125,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of TKO. Comerica Bank increased its holdings in TKO Group by 5.5% during the 1st quarter. Comerica Bank now owns 28,979 shares of the company’s stock valued at $2,504,000 after purchasing an additional 1,503 shares in the last quarter. XN LP boosted its position in TKO Group by 100.9% in the 1st quarter. XN LP now owns 1,983,346 shares of the company’s stock valued at $171,381,000 after buying an additional 996,161 shares during the last quarter. GAMMA Investing LLC boosted its position in TKO Group by 388.6% in the 2nd quarter. GAMMA Investing LLC now owns 513 shares of the company’s stock valued at $55,000 after buying an additional 408 shares during the last quarter. Park Avenue Securities LLC boosted its position in TKO Group by 5.8% in the 2nd quarter. Park Avenue Securities LLC now owns 8,108 shares of the company’s stock valued at $876,000 after buying an additional 448 shares during the last quarter. Finally, Annex Advisory Services LLC boosted its position in TKO Group by 23.8% in the 2nd quarter. Annex Advisory Services LLC now owns 205,469 shares of the company’s stock valued at $22,189,000 after buying an additional 39,559 shares during the last quarter. 89.79% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

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

Analyst Upgrades and Downgrades

A number of research analysts have commented on TKO shares. Roth Mkm increased their price objective on TKO Group from $146.00 to $148.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. JPMorgan Chase & Co. increased their price objective on TKO Group from $132.00 to $137.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. Morgan Stanley increased their price objective on TKO Group from $115.00 to $118.00 and gave the company an “equal weight” rating in a research report on Friday, August 9th. Benchmark lowered TKO Group from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. Finally, Guggenheim raised their price target on TKO Group from $135.00 to $140.00 and gave the stock a “buy” rating in a research report on Monday, September 30th. Three investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $131.00.

TKO Group Stock Down 0.8 %

TKO stock opened at $135.77 on Monday. The business’s 50-day moving average price is $123.24 and its two-hundred day moving average price is $114.76. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.34. TKO Group Holdings, Inc. has a 1-year low of $72.33 and a 1-year high of $139.09.

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 the consensus estimate of $0.56 by ($0.28). The business had revenue of $681.20 million for the quarter, compared to the consensus estimate of $665.12 million. TKO Group had a positive return on equity of 3.39% and a negative net margin of 1.26%. The business’s revenue was up 51.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.52 earnings per share. On average, research analysts expect that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current year.

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.