TKO Group (NYSE:TKO) Hits New 52-Week High at $112.16

TKO Group Holdings, Inc. (NYSE:TKO)’s share price hit a new 52-week high during trading on Wednesday . The company traded as high as $112.16 and last traded at $111.84, with a volume of 16306 shares traded. The stock had previously closed at $110.15.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Jefferies Financial Group increased their price objective on TKO Group from $120.00 to $131.00 and gave the company a “buy” rating in a research note on Friday, April 12th. Citigroup raised their price target on shares of TKO Group from $125.00 to $130.00 and gave the stock a “buy” rating in a report on Tuesday, March 19th. TD Cowen raised shares of TKO Group from a “hold” rating to a “buy” rating and upped their price objective for the company from $92.00 to $127.00 in a research note on Wednesday, May 15th. The Goldman Sachs Group started coverage on shares of TKO Group in a report on Thursday, March 7th. They set a “buy” rating and a $102.00 target price for the company. Finally, JPMorgan Chase & Co. boosted their price target on TKO Group from $103.00 to $126.00 and gave the company an “overweight” rating in a report on Wednesday, May 29th. Two investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $113.46.

TKO Group Price Performance

The stock has a market cap of $18.99 billion, a P/E ratio of -109.06 and a beta of 1.04. 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 firm has a 50-day moving average price of $104.25 and a 200-day moving average price of $91.75.

TKO Group (NYSE:TKO) last posted its quarterly earnings data on Wednesday, May 8th. The company reported $2.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $1.63. TKO Group had a positive return on equity of 4.15% and a negative net margin of 4.14%. The business had revenue of $629.70 million during the quarter, compared to the consensus estimate of $609.28 million. On average, analysts forecast that TKO Group Holdings, Inc. will post 4.19 earnings per share for the current fiscal year.

Insider Activity at TKO Group

In other news, major shareholder Vincent K. Mcmahon sold 1,642,970 shares of the business’s stock in a transaction that occurred on Tuesday, April 9th. The stock was sold at an average price of $89.01, for a total value of $146,240,759.70. Following the sale, the insider now directly owns 9,875,129 shares of the company’s stock, valued at approximately $878,985,232.29. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 53.80% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On TKO Group

Several institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. grew its position in TKO Group by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 6,074,522 shares of the company’s stock valued at $524,899,000 after purchasing an additional 79,166 shares during the last quarter. Ninety One UK Ltd lifted its stake in shares of TKO Group by 12.7% in the fourth quarter. Ninety One UK Ltd now owns 4,303,375 shares of the company’s stock worth $351,069,000 after buying an additional 485,105 shares in the last quarter. Darlington Partners Capital Management LP grew its holdings in shares of TKO Group by 17.9% during the fourth quarter. Darlington Partners Capital Management LP now owns 2,120,406 shares of the company’s stock valued at $172,983,000 after buying an additional 322,126 shares during the last quarter. XN LP increased its position in shares of TKO Group by 100.9% during the first quarter. XN LP now owns 1,983,346 shares of the company’s stock valued at $171,381,000 after acquiring an additional 996,161 shares in the last quarter. Finally, Clearbridge Investments LLC increased its position in shares of TKO Group by 17.8% during the first quarter. Clearbridge Investments LLC now owns 1,644,844 shares of the company’s stock valued at $142,131,000 after acquiring an additional 247,987 shares in the last quarter. 89.79% of the stock is currently owned by institutional investors.

TKO Group Company 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.