Ashford Capital Management Inc. Buys Shares of 1,792 TKO Group Holdings, Inc. (NYSE:TKO)

Ashford Capital Management Inc. purchased a new stake in TKO Group Holdings, Inc. (NYSE:TKO) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 1,792 shares of the company’s stock, valued at approximately $222,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in TKO. Massachusetts Financial Services Co. MA grew its position in TKO Group by 29.1% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,704,728 shares of the company’s stock worth $210,892,000 after acquiring an additional 383,869 shares during the period. Petrus Trust Company LTA acquired a new position in shares of TKO Group in the 3rd quarter valued at $597,000. Central Pacific Bank Trust Division grew its holdings in shares of TKO Group by 499.8% during the 3rd quarter. Central Pacific Bank Trust Division now owns 5,998 shares of the company’s stock worth $742,000 after purchasing an additional 4,998 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of TKO Group by 14.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 452,753 shares of the company’s stock worth $56,010,000 after purchasing an additional 56,312 shares during the last quarter. Finally, American Century Companies Inc. raised its holdings in TKO Group by 1,439.7% in the 2nd quarter. American Century Companies Inc. now owns 307,405 shares of the company’s stock valued at $33,197,000 after buying an additional 287,440 shares during the period. Institutional investors and hedge funds own 89.79% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Benchmark lowered shares of TKO Group from a “buy” rating to a “hold” rating in a research note on Thursday, October 24th. Pivotal Research upped their price objective on shares of TKO Group from $145.00 to $165.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Roth Mkm lifted their target price on shares of TKO Group from $146.00 to $148.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. TD Cowen upped their price target on TKO Group from $140.00 to $143.00 and gave the stock a “buy” rating in a research note on Tuesday, October 29th. Finally, Guggenheim lifted their price objective on TKO Group from $135.00 to $140.00 and gave the company a “buy” rating in a research note on Monday, September 30th. Three analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, TKO Group currently has an average rating of “Moderate Buy” and a consensus price target of $132.43.

Insider Transactions at TKO Group

In other news, insider Mark S. Shapiro sold 31,026 shares of the stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $114.76, for a total value of $3,560,543.76. Following the transaction, the insider now owns 42,156 shares in the company, valued at approximately $4,837,822.56. This represents a 42.40 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 53.80% of the company’s stock.

TKO Group Trading Down 3.0 %

TKO stock opened at $139.72 on Tuesday. TKO Group Holdings, Inc. has a 1 year low of $72.34 and a 1 year high of $145.69. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.34. The business’s 50-day moving average is $126.88 and its two-hundred day moving average is $117.46.

TKO Group (NYSE:TKO) last issued its earnings results on Wednesday, November 6th. The company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.28). TKO Group had a negative net margin of 1.26% and a positive return on equity of 3.39%. The firm had revenue of $681.20 million during the quarter, compared to analyst estimates of $665.12 million. During the same period last year, the business earned $0.52 EPS. The firm’s revenue was up 51.7% compared to the same quarter last year. On average, equities research analysts anticipate that TKO Group Holdings, Inc. will post 3.88 EPS for the current fiscal year.

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.