Federated Hermes Inc. Sells 275 Shares of TKO Group Holdings, Inc. (NYSE:TKO)

Federated Hermes Inc. trimmed its position in shares of TKO Group Holdings, Inc. (NYSE:TKO) by 5.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,083 shares of the company’s stock after selling 275 shares during the quarter. Federated Hermes Inc.’s holdings in TKO Group were worth $415,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Public Employees Retirement System of Ohio bought a new stake in shares of TKO Group during the 3rd quarter valued at $1,649,000. abrdn plc purchased a new position in shares of TKO Group during the third quarter valued at approximately $12,921,000. Victory Capital Management Inc. bought a new stake in shares of TKO Group in the 3rd quarter worth approximately $10,602,000. Clearbridge Investments LLC purchased a new stake in shares of TKO Group in the 3rd quarter worth approximately $118,378,000. Finally, Rhumbline Advisers bought a new position in TKO Group during the 3rd quarter valued at approximately $13,324,000. Institutional investors own 89.79% of the company’s stock.

Analyst Ratings Changes

TKO has been the subject of a number of research analyst reports. TD Cowen started coverage on TKO Group in a report on Friday, January 12th. They issued a “market perform” rating and a $92.00 target price for the company. The Goldman Sachs Group initiated coverage on shares of TKO Group in a research note on Thursday, March 7th. They set a “buy” rating and a $102.00 target price for the company. Northcoast Research began coverage on shares of TKO Group in a report on Tuesday, February 6th. They issued a “buy” rating and a $105.00 price objective on the stock. Moffett Nathanson assumed coverage on TKO Group in a research note on Monday, January 29th. They issued a “neutral” rating and a $95.00 price objective on the stock. Finally, Jefferies Financial Group raised their target price on shares of TKO Group from $120.00 to $131.00 and gave the stock a “buy” rating in a research note 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. According to MarketBeat, TKO Group currently has an average rating of “Moderate Buy” and a consensus price target of $108.31.

TKO Group Price Performance

TKO stock opened at $98.32 on Friday. The stock has a market cap of $16.91 billion, a PE ratio of 144.54 and a beta of 1.03. TKO Group Holdings, Inc. has a 12 month low of $72.33 and a 12 month high of $106.16. The company has a 50-day moving average price of $89.26 and a 200 day moving average price of $83.69. 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 released 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 net margin of 3.02% and a return on equity of 3.11%. The business had revenue of $614.00 million for the quarter, compared to the consensus estimate of $619.48 million. Equities research analysts anticipate that TKO Group Holdings, Inc. will post 2.38 earnings per share for the current year.

Insider Transactions at TKO Group

In other news, major shareholder Vincent K. Mcmahon sold 1,642,970 shares of the company’s stock in a transaction dated Tuesday, April 9th. The shares were sold at an average price of $89.01, for a total value of $146,240,759.70. Following the transaction, the insider now directly owns 9,875,129 shares in the company, valued at $878,985,232.29. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 38.90% of the company’s stock.

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.