TKO Group Holdings, Inc. (NYSE:TKO) Shares Purchased by Barlow Wealth Partners Inc.

Barlow Wealth Partners Inc. grew its holdings in shares of TKO Group Holdings, Inc. (NYSE:TKO) by 4.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 124,702 shares of the company’s stock after acquiring an additional 5,523 shares during the period. TKO Group comprises about 2.3% of Barlow Wealth Partners Inc.’s investment portfolio, making the stock its 16th biggest holding. Barlow Wealth Partners Inc. owned approximately 0.07% of TKO Group worth $17,946,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Envestnet Asset Management Inc. grew its position in shares of TKO Group by 13.4% during the second quarter. Envestnet Asset Management Inc. now owns 113,869 shares of the company’s stock worth $12,297,000 after buying an additional 13,486 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in TKO Group by 26.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 448,205 shares of the company’s stock worth $48,402,000 after acquiring an additional 94,944 shares in the last quarter. Vanguard Personalized Indexing Management LLC increased its position in shares of TKO Group by 10.9% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 7,021 shares of the company’s stock worth $758,000 after purchasing an additional 689 shares during the last quarter. Public Employees Retirement Association of Colorado raised its stake in shares of TKO Group by 32.1% in the 2nd quarter. Public Employees Retirement Association of Colorado now owns 7,263 shares of the company’s stock valued at $784,000 after purchasing an additional 1,764 shares in the last quarter. Finally, Bank of Montreal Can lifted its position in shares of TKO Group by 2.8% during the second quarter. Bank of Montreal Can now owns 6,652 shares of the company’s stock worth $719,000 after purchasing an additional 184 shares during the last quarter. 89.79% of the stock is owned by hedge funds and other institutional investors.

TKO Group Trading Up 1.6 %

Shares of NYSE:TKO opened at $144.45 on Wednesday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.17 and a quick ratio of 1.17. TKO Group Holdings, Inc. has a 12 month low of $77.40 and a 12 month high of $149.40. The stock’s 50 day moving average price is $139.49 and its 200 day moving average price is $125.15.

TKO Group (NYSE:TKO) last announced 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 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 EPS. The company’s quarterly revenue was up 51.7% compared to the same quarter last year. As a group, equities research analysts anticipate that TKO Group Holdings, Inc. will post 3.88 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently issued reports on TKO. Benchmark cut TKO Group from a “buy” rating to a “hold” rating in a research note on Thursday, October 24th. UBS Group lifted their price target on shares of TKO Group from $135.00 to $170.00 and gave the company a “buy” rating in a report on Tuesday, January 7th. Pivotal Research increased their price objective on shares of TKO Group from $145.00 to $165.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Guggenheim upped their target price on TKO Group from $135.00 to $140.00 and gave the company a “buy” rating in a report on Monday, September 30th. Finally, JPMorgan Chase & Co. raised their price target on TKO Group from $137.00 to $158.00 and gave the stock an “overweight” rating in a report on Thursday, December 12th. Three equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $139.29.

Insider Activity at TKO Group

In other TKO Group news, Director Nick Khan sold 27,505 shares of the business’s stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $141.94, for a total transaction of $3,904,059.70. Following the sale, the director now owns 169,004 shares in the company, valued at approximately $23,988,427.76. The trade was a 14.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Andrew M. Schleimer sold 5,419 shares of the business’s stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $141.94, for a total transaction of $769,172.86. Following the sale, the chief financial officer now owns 6,995 shares in the company, valued at $992,870.30. This represents a 43.65 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders acquired 600,647 shares of company stock valued at $86,815,728 and sold 65,624 shares valued at $9,314,671. Company insiders own 53.80% of the company’s stock.

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.