Amalgamated Bank Buys 11,260 Shares of TKO Group Holdings, Inc. (NYSE:TKO)

Amalgamated Bank boosted its stake in shares of TKO Group Holdings, Inc. (NYSE:TKO) by 32.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,927 shares of the company’s stock after acquiring an additional 11,260 shares during the quarter. Amalgamated Bank’s holdings in TKO Group were worth $3,747,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Strengthening Families & Communities LLC acquired a new position in TKO Group in the third quarter worth $26,000. Fifth Third Bancorp acquired a new position in TKO Group during the 3rd quarter worth about $27,000. Covestor Ltd bought a new stake in TKO Group during the 3rd quarter worth about $27,000. International Assets Investment Management LLC acquired a new stake in TKO Group in the 4th quarter valued at about $27,000. Finally, Baker Avenue Asset Management LP acquired a new position in shares of TKO Group during the third quarter worth approximately $36,000. 89.79% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at TKO Group

In other news, major shareholder Vincent K. Mcmahon sold 1,642,970 shares of TKO Group stock in a transaction that occurred on 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 completion of the sale, 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 can be accessed through this link. Insiders own 53.80% of the company’s stock.

TKO Group Stock Performance

Shares of NYSE TKO opened at $98.24 on Friday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.04 and a quick ratio of 1.04. The firm has a market cap of $16.89 billion, a price-to-earnings ratio of 144.47 and a beta of 1.03. The stock’s fifty day moving average price is $90.39 and its two-hundred day moving average price is $84.26. TKO Group Holdings, Inc. has a one year low of $72.33 and a one year high of $106.16.

TKO Group (NYSE:TKO) last released its quarterly earnings results on Tuesday, February 27th. The company reported ($0.09) EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of $619.48 million. On average, equities analysts forecast that TKO Group Holdings, Inc. will post 2.38 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on TKO shares. Northcoast Research started coverage on TKO Group in a research note on Tuesday, February 6th. They set a “buy” rating and a $105.00 price target on the stock. Bank of America began coverage on shares of TKO Group in a research note on Friday, March 15th. They issued a “buy” rating and a $100.00 target price on the stock. TD Cowen began coverage on shares of TKO Group in a research note on Friday, January 12th. They set a “market perform” rating and a $92.00 price target for the company. Roth Mkm raised their price objective on shares of TKO Group from $112.00 to $121.00 and gave the company a “buy” rating in a research note on Thursday. Finally, Moffett Nathanson initiated coverage on shares of TKO Group in a report on Monday, January 29th. They set a “neutral” rating and a $95.00 target price for the company. Three investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $109.00.

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.