Handelsbanken Fonder AB Buys 1,000 Shares of TKO Group Holdings, Inc. (NYSE:TKO)

Handelsbanken Fonder AB increased its stake in TKO Group Holdings, Inc. (NYSE:TKO) by 12.4% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 9,037 shares of the company’s stock after buying an additional 1,000 shares during the period. Handelsbanken Fonder AB’s holdings in TKO Group were worth $737,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Strengthening Families & Communities LLC purchased a new stake in shares of TKO Group in the third quarter worth $26,000. Covestor Ltd bought a new position in TKO Group in the 3rd quarter worth about $27,000. Fifth Third Bancorp purchased a new stake in TKO Group during the 3rd quarter valued at about $27,000. International Assets Investment Management LLC bought a new stake in TKO Group during the 4th quarter valued at about $27,000. Finally, Quent Capital LLC raised its holdings in TKO Group by 113.7% in the fourth quarter. Quent Capital LLC now owns 673 shares of the company’s stock worth $55,000 after buying an additional 358 shares during the last quarter. Institutional investors own 89.79% of the company’s stock.

TKO Group Stock Down 0.3 %

Shares of TKO stock opened at $96.49 on Tuesday. The company has a 50 day simple moving average of $88.45 and a two-hundred day simple moving average of $83.27. The stock has a market cap of $16.59 billion, a P/E ratio of 141.90 and a beta of 1.06. TKO Group Holdings, Inc. has a 12 month low of $72.33 and a 12 month high of $106.16. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.33.

TKO Group (NYSE:TKO) last announced its earnings results on Tuesday, February 27th. The company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.59). TKO Group had a return on equity of 3.11% and a net margin of 3.02%. The company had revenue of $614.00 million during the quarter, compared to the consensus estimate of $619.48 million. On average, research analysts expect that TKO Group Holdings, Inc. will post 2.38 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on TKO. Northcoast Research initiated coverage on shares of TKO Group in a report on Tuesday, February 6th. They issued a “buy” rating and a $105.00 price objective for the company. Moffett Nathanson began coverage on TKO Group in a report on Monday, January 29th. They set a “neutral” rating and a $95.00 price target on the stock. The Goldman Sachs Group assumed coverage on TKO Group in a report on Thursday, March 7th. They issued a “buy” rating and a $102.00 price objective for the company. TD Cowen began coverage on shares of TKO Group in a report on Friday, January 12th. They set a “market perform” rating and a $92.00 price target on the stock. Finally, Roth Mkm reissued a “buy” rating and set a $112.00 price objective on shares of TKO Group in a report on Friday, April 12th. Three equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $108.31.

Insider Activity at TKO Group

In other TKO Group news, major shareholder Vincent K. Mcmahon sold 1,642,970 shares of the firm’s stock in a transaction that occurred on Tuesday, April 9th. The shares were sold at an average price of $89.01, for a total transaction of $146,240,759.70. Following the sale, the insider now owns 9,875,129 shares in the company, valued at approximately $878,985,232.29. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 38.90% of the stock is currently owned by corporate insiders.

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.