2 weeks Ago By ABMN Staff
Long Focus Capital Management LLC reduced its position in TKO Group Holdings, Inc. ( NYSE:TKO – Free Report ) by 25.0% during the 2nd quarter, HoldingsChannel.
com reports. The fund owned 60,000 shares of the company’s stock after selling 20,000 shares during the quarter. Long Focus Capital Management LLC’s holdings in TKO Group were worth $6,479,000 at the end of the most recent quarter.
A number of other large investors have also made changes to their positions in TKO. MFA Wealth Advisors LLC purchased a new stake in TKO Group in the 2nd quarter worth about $36,000. GAMMA Investing LLC boosted its holdings in shares of TKO Group by 388.
6% during the second quarter. GAMMA Investing LLC now owns 513 shares of the company’s stock worth $55,000 after purchasing an additional 408 shares during the period. Scarborough Advisors LLC purchased a new position in TKO Group during the fourth quarter valued at approximately $79,000.
Sunbelt Securities Inc. increased its stake in TKO Group by 1,384.4% in the 1st quarter.
Sunbelt Securities Inc. now owns 1,143 shares of the company’s stock valued at $99,000 after buying an additional 1,066 shares during the period. Finally, TFO Wealth Partners LLC purchased a new stake in TKO Group in the 4th quarter worth approximately $124,000.
Institutional investors and hedge funds own 89.79% of the company’s stock. TKO Group Trading Up 2.
2 % Shares of TKO opened at $123.72 on Friday. The stock has a fifty day moving average price of $115.
38 and a two-hundred day moving average price of $105.32. TKO Group Holdings, Inc.
has a 52-week low of $72.33 and a 52-week high of $125.49.
The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.99 and a current ratio of 0.
99. The company has a market cap of $21.11 billion, a price-to-earnings ratio of -122.
50 and a beta of 1.04. Insider Activity at TKO Group In other news, Director Nick Khan sold 22,693 shares of the firm’s stock in a transaction that occurred on Monday, July 22nd.
The shares were sold at an average price of $105.53, for a total transaction of $2,394,792.29.
Following the completion of the transaction, the director now directly owns 220,018 shares of the company’s stock, valued at approximately $23,218,499.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink .
In other news, insider Mark S. Shapiro sold 31,026 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $114.
76, for a total value of $3,560,543.76. Following the transaction, the insider now directly owns 42,156 shares of the company’s stock, valued at $4,837,822.
56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website . Also, Director Nick Khan sold 22,693 shares of the stock in a transaction on Monday, July 22nd.
The stock was sold at an average price of $105.53, for a total value of $2,394,792.29.
Following the transaction, the director now owns 220,018 shares in the company, valued at approximately $23,218,499.54. The disclosure for this sale can be found here .
53.80% of the stock is owned by insiders. Wall Street Analysts Forecast Growth A number of equities analysts have recently weighed in on the stock.
Redburn Atlantic began coverage on shares of TKO Group in a research note on Thursday, July 18th. They issued a “buy” rating and a $129.00 price target on the stock.
Pivotal Research began coverage on shares of TKO Group in a research report on Friday, September 13th. They set a “buy” rating and a $170.00 target price for the company.
UBS Group raised their price target on TKO Group from $115.00 to $135.00 and gave the company a “buy” rating in a research report on Friday, August 9th.
The Goldman Sachs Group restated a “buy” rating and set a $132.00 target price on shares of TKO Group in a research note on Thursday, September 12th. Finally, TD Cowen upped their price target on TKO Group from $127.
00 to $140.00 and gave the stock a “buy” rating in a report on Monday, August 12th. Two analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock.
According to MarketBeat, TKO Group presently has a consensus rating of “Moderate Buy” and an average price target of $127.13. Check Out Our Latest Stock Report on TKO Group TKO Group Profile ( Free Report ) 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. Read More Want to see what other hedge funds are holding TKO? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for TKO Group Holdings, Inc. ( NYSE:TKO – Free Report ). Receive News & Ratings for TKO Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TKO Group and related companies with MarketBeat.
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