TKO Group (NYSE:TKO) Downgraded to “Hold” at Benchmark

Benchmark downgraded shares of TKO Group (NYSE:TKO) from a buy rating to a hold rating in a report published on Thursday, Marketbeat reports.

A number of other brokerages have also recently commented on TKO. Redburn Atlantic began coverage on TKO Group in a report on Thursday, July 18th. They issued a “buy” rating and a $129.00 target price for the company. Bank of America started coverage on TKO Group in a research report on Tuesday, August 20th. They set a “buy” rating and a $140.00 target price for the company. Morgan Stanley lifted their target price on TKO Group from $115.00 to $118.00 and gave the company an “equal weight” rating in a research report on Friday, August 9th. JPMorgan Chase & Co. lifted their target price on TKO Group from $126.00 to $132.00 and gave the company an “overweight” rating in a research report on Friday, August 9th. Finally, TD Cowen boosted their target price on TKO Group from $127.00 to $140.00 and gave the stock a “buy” rating in a research note on Monday, August 12th. Three equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $132.21.

TKO Group Trading Up 0.2 %

Shares of NYSE:TKO opened at $115.25 on Thursday. The company has a market cap of $19.67 billion, a P/E ratio of -120.05 and a beta of 1.04. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.99 and a quick ratio of 0.99. TKO Group has a 1 year low of $72.33 and a 1 year high of $130.95. The stock’s fifty day moving average price is $121.38 and its 200-day moving average price is $111.16.

TKO Group (NYSE:TKO) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.72 earnings per share for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.10). TKO Group had a positive return on equity of 3.10% and a negative net margin of 3.14%. The business had revenue of $851.20 million during the quarter, compared to the consensus estimate of $771.54 million. During the same period last year, the company earned $0.91 EPS. The business’s revenue was up 178.9% on a year-over-year basis. Sell-side analysts expect that TKO Group will post 4.17 earnings per share for the current year.

Insider Buying and Selling at TKO Group

In other TKO Group news, insider Mark S. Shapiro sold 31,026 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $114.76, for a total transaction of $3,560,543.76. Following the completion of the transaction, the insider now owns 42,156 shares of the company’s stock, valued at $4,837,822.56. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 53.80% of the company’s stock.

Hedge Funds Weigh In On TKO Group

A number of hedge funds have recently made changes to their positions in TKO. XN LP raised its holdings 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 during the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of TKO Group by 267.9% in the second quarter. Massachusetts Financial Services Co. MA now owns 1,320,859 shares of the company’s stock valued at $142,640,000 after purchasing an additional 961,880 shares in the last quarter. Ninety One UK Ltd grew its position in shares of TKO Group by 15.9% in the second quarter. Ninety One UK Ltd now owns 4,065,230 shares of the company’s stock valued at $439,004,000 after purchasing an additional 557,444 shares in the last quarter. Fairview Capital Investment Management LLC purchased a new stake in shares of TKO Group in the first quarter valued at approximately $43,999,000. Finally, Allspring Global Investments Holdings LLC grew its position in shares of TKO Group by 59.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 969,526 shares of the company’s stock valued at $119,940,000 after purchasing an additional 362,460 shares in the last quarter. Institutional investors and hedge funds own 89.79% of the company’s stock.

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.