Prospera Private Wealth LLC Makes New $156,000 Investment in TKO Group Holdings, Inc. (NYSE:TKO)

Prospera Private Wealth LLC bought a new position in TKO Group Holdings, Inc. (NYSE:TKO) during the 3rd quarter, Holdings Channel reports. The institutional investor bought 1,263 shares of the company’s stock, valued at approximately $156,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Quest Partners LLC purchased a new stake in TKO Group in the 3rd quarter worth approximately $715,000. Thrivent Financial for Lutherans increased its holdings in shares of TKO Group by 9.7% in the 3rd quarter. Thrivent Financial for Lutherans now owns 15,608 shares of the company’s stock worth $1,931,000 after buying an additional 1,376 shares during the last quarter. Chesapeake Capital Corp IL bought a new position in shares of TKO Group in the 3rd quarter worth $1,016,000. Mutual of America Capital Management LLC increased its holdings in shares of TKO Group by 6.5% in the 3rd quarter. Mutual of America Capital Management LLC now owns 35,905 shares of the company’s stock worth $4,442,000 after buying an additional 2,179 shares during the last quarter. Finally, Natixis Advisors LLC increased its holdings in shares of TKO Group by 237.0% in the 3rd quarter. Natixis Advisors LLC now owns 43,576 shares of the company’s stock worth $5,391,000 after buying an additional 30,647 shares during the last quarter. 89.79% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at TKO Group

In other news, insider Mark S. Shapiro sold 31,026 shares of the firm’s 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 completion of the sale, the insider now directly owns 42,156 shares of the company’s stock, valued at approximately $4,837,822.56. This trade represents a 42.40 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 53.80% of the company’s stock.

TKO Group Trading Up 1.5 %

Shares of TKO Group stock opened at $132.82 on Thursday. TKO Group Holdings, Inc. has a 12-month low of $72.33 and a 12-month high of $134.11. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.17 and a quick ratio of 1.17. The company’s fifty day simple moving average is $122.39 and its two-hundred day simple moving average is $114.12.

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

Analyst Upgrades and Downgrades

TKO has been the topic of a number of research analyst reports. Benchmark lowered shares of TKO Group from a “buy” rating to a “hold” rating in a report on Thursday, October 24th. JPMorgan Chase & Co. increased their price target on shares of TKO Group from $132.00 to $137.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Pivotal Research increased their price target on shares of TKO Group from $140.00 to $145.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Bank of America assumed coverage on shares of TKO Group in a report on Tuesday, August 20th. They issued a “buy” rating and a $140.00 price target on the stock. Finally, Guggenheim increased their target price on shares of TKO Group from $135.00 to $140.00 and gave the company a “buy” rating in a report on Monday, September 30th. Three analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $131.00.

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.