Harbour Capital Advisors LLC Has $1.50 Million Stake in TKO Group Holdings, Inc. (NYSE:TKO)

Harbour Capital Advisors LLC grew its holdings in TKO Group Holdings, Inc. (NYSE:TKO) by 2.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 10,555 shares of the company’s stock after purchasing an additional 243 shares during the quarter. Harbour Capital Advisors LLC’s holdings in TKO Group were worth $1,503,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in TKO. Darlington Partners Capital Management LP lifted its position in TKO Group by 3.1% during the 2nd quarter. Darlington Partners Capital Management LP now owns 3,065,703 shares of the company’s stock worth $331,065,000 after buying an additional 90,868 shares in the last quarter. State Street Corp raised its stake in shares of TKO Group by 10.4% in the third quarter. State Street Corp now owns 2,052,916 shares of the company’s stock worth $253,966,000 after acquiring an additional 192,602 shares during the last quarter. Clearbridge Investments LLC grew its stake in shares of TKO Group by 9.5% during the second quarter. Clearbridge Investments LLC now owns 1,800,784 shares of the company’s stock valued at $194,467,000 after purchasing an additional 155,940 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of 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 valued at $210,892,000 after purchasing an additional 383,869 shares in the last quarter. Finally, Principal Financial Group Inc. increased its holdings in shares of TKO Group by 1.1% in the third quarter. Principal Financial Group Inc. now owns 1,246,338 shares of the company’s stock valued at $154,185,000 after purchasing an additional 13,148 shares in the last quarter. Institutional investors own 89.79% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on the company. Pivotal Research increased their price objective on TKO Group from $145.00 to $165.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Benchmark lowered TKO Group from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. TD Cowen upped their target price on shares of TKO Group from $140.00 to $143.00 and gave the company a “buy” rating in a research report on Tuesday, October 29th. Guggenheim raised their target price on shares of TKO Group from $135.00 to $140.00 and gave the company a “buy” rating in a research note on Monday, September 30th. Finally, JPMorgan Chase & Co. boosted their price target on shares of TKO Group from $137.00 to $158.00 and gave the stock an “overweight” rating in a research note on Thursday, December 12th. Three investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $139.29.

Insider Transactions at TKO Group

In related news, major shareholder Patrick Whitesell acquired 245,887 shares of the business’s stock in a transaction on Friday, December 13th. The stock was purchased at an average cost of $142.45 per share, for a total transaction of $35,026,603.15. Following the completion of the transaction, the insider now directly owns 1,825,030 shares of the company’s stock, valued at approximately $259,975,523.50. The trade was a 15.57 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Shane Kapral sold 1,034 shares of TKO Group stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $141.94, for a total value of $146,765.96. Following the sale, the chief accounting officer now directly owns 2,225 shares of the company’s stock, valued at approximately $315,816.50. The trade was a 31.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have purchased 600,647 shares of company stock worth $86,815,728 and have sold 65,624 shares worth $9,314,671. Company insiders own 53.80% of the company’s stock.

TKO Group Stock Up 2.3 %

Shares of NYSE:TKO traded up $3.20 during midday trading on Monday, reaching $143.38. 341,615 shares of the company were exchanged, compared to its average volume of 717,530. The firm has a market cap of $24.48 billion, a PE ratio of -341.38 and a beta of 1.07. TKO Group Holdings, Inc. has a fifty-two week low of $75.35 and a fifty-two week high of $149.40. The stock has a fifty day simple moving average of $136.12 and a two-hundred day simple moving average of $123.53. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.34.

TKO Group (NYSE:TKO) last issued its quarterly 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 positive return on equity of 3.39% and a negative net margin of 1.26%. The business had revenue of $681.20 million for the quarter, compared to the consensus estimate of $665.12 million. During the same period in the prior year, the business earned $0.52 earnings per share. TKO Group’s revenue was up 51.7% compared to the same quarter last year. As a group, sell-side analysts forecast that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current year.

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.