Amalgamated Bank Invests $2.91 Million in TKO Group Holdings, Inc. (NYSE:TKO)

Amalgamated Bank bought a new position in shares of TKO Group Holdings, Inc. (NYSE:TKOFree Report) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 34,667 shares of the company’s stock, valued at approximately $2,914,000.

A number of other hedge funds have also modified their holdings of TKO. Ninety One UK Ltd purchased a new position in shares of TKO Group during the third quarter worth approximately $320,964,000. Principal Financial Group Inc. purchased a new position in shares of TKO Group during the third quarter worth approximately $89,333,000. Bank of New York Mellon Corp purchased a new position in shares of TKO Group during the third quarter worth approximately $44,709,000. Rice Hall James & Associates LLC purchased a new position in TKO Group in the 3rd quarter valued at $37,796,000. Finally, Allspring Global Investments Holdings LLC purchased a new position in TKO Group in the 3rd quarter valued at $33,506,000. 66.32% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently weighed in on TKO. JPMorgan Chase & Co. lifted their price objective on shares of TKO Group from $100.00 to $103.00 and gave the company an “overweight” rating in a research report on Wednesday, November 8th. Moffett Nathanson began coverage on shares of TKO Group in a research report on Monday, January 29th. They issued a “neutral” rating and a $95.00 price objective on the stock. TD Cowen initiated coverage on shares of TKO Group in a research report on Friday, January 12th. They issued a “market perform” rating and a $92.00 price objective on the stock. Northcoast Research initiated coverage on TKO Group in a report on Tuesday, February 6th. They issued a “buy” rating and a $105.00 target price for the company. Finally, Guggenheim reduced their target price on TKO Group from $126.00 to $120.00 and set a “buy” rating for the company in a report on Wednesday, November 8th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, TKO Group has a consensus rating of “Moderate Buy” and an average price target of $106.25.

Get Our Latest Stock Report on TKO

TKO Group Price Performance

Shares of TKO Group stock opened at $86.13 on Friday. The stock’s 50 day moving average is $80.01. The firm has a market cap of $14.90 billion, a P/E ratio of 66.77 and a beta of 1.07. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.25 and a quick ratio of 1.25. TKO Group Holdings, Inc. has a 1 year low of $72.33 and a 1 year high of $106.16.

Insiders Place Their Bets

In related news, Director Steven R. Koonin acquired 1,253 shares of TKO Group stock in a transaction dated Tuesday, November 14th. The shares were acquired at an average cost of $79.80 per share, for a total transaction of $99,989.40. Following the completion of the transaction, the director now directly owns 4,761 shares of the company’s stock, valued at $379,927.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, Director Steven R. Koonin acquired 1,253 shares of the business’s stock in a transaction dated Tuesday, November 14th. The stock was acquired at an average price of $79.80 per share, with a total value of $99,989.40. Following the completion of the transaction, the director now directly owns 4,761 shares in the company, valued at approximately $379,927.80. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Ariel Emanuel acquired 12,531 shares of TKO Group stock in a transaction that occurred on Tuesday, November 14th. The shares were purchased at an average cost of $79.80 per share, for a total transaction of $999,973.80. Following the purchase, the chief executive officer now directly owns 12,531 shares of the company’s stock, valued at approximately $999,973.80. The disclosure for this purchase can be found here. 38.90% of the stock is currently owned by company insiders.

About TKO Group

(Free Report)

TKO Group Holdings, Inc operates as a sports and entertainment company. It operates through four segments: Media and Content, Live Events, Sponsorships, and Consumer Products Licensing. The company produces live events, television programs, and long-form and short-form video content across various platforms, including broadcast, pay television, and streaming, as well as digital and social media across approximately 170 countries.

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Institutional Ownership by Quarter for TKO Group (NYSE:TKO)

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