Ninety One UK Ltd Has $351.07 Million Stock Holdings in TKO Group Holdings, Inc. (NYSE:TKO)

Ninety One UK Ltd lifted its position in TKO Group Holdings, Inc. (NYSE:TKO) by 12.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,303,375 shares of the company’s stock after acquiring an additional 485,105 shares during the period. Ninety One UK Ltd’s holdings in TKO Group were worth $351,069,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of TKO. Strengthening Families & Communities LLC acquired a new stake in TKO Group during the 3rd quarter worth approximately $26,000. Fifth Third Bancorp acquired a new stake in TKO Group during the 3rd quarter worth approximately $27,000. Covestor Ltd acquired a new stake in TKO Group during the 3rd quarter worth approximately $27,000. International Assets Investment Management LLC acquired a new stake in TKO Group during the 4th quarter worth approximately $27,000. Finally, Baker Avenue Asset Management LP acquired a new stake in TKO Group during the 3rd quarter worth approximately $36,000. 89.79% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other TKO Group news, major shareholder Vincent K. Mcmahon sold 1,642,970 shares of TKO Group stock in a transaction on Tuesday, April 9th. The shares were sold at an average price of $89.01, for a total transaction of $146,240,759.70. Following the completion of the transaction, the insider now directly owns 9,875,129 shares of the company’s stock, valued at $878,985,232.29. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 38.90% of the company’s stock.

TKO Group Stock Performance

TKO stock traded down $0.52 during midday trading on Thursday, reaching $95.80. 232,785 shares of the company were exchanged, compared to its average volume of 1,435,939. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.04 and a quick ratio of 1.04. The business has a 50-day moving average price of $86.94 and a two-hundred day moving average price of $82.51. TKO Group Holdings, Inc. has a one year low of $72.33 and a one year high of $106.16. The firm has a market capitalization of $16.47 billion, a price-to-earnings ratio of 141.65 and a beta of 1.06.

TKO Group (NYSE:TKO) last released its quarterly earnings data on Tuesday, February 27th. The company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.59). TKO Group had a return on equity of 3.11% and a net margin of 3.02%. The company had revenue of $614.00 million for the quarter, compared to the consensus estimate of $619.48 million. Equities research analysts forecast that TKO Group Holdings, Inc. will post 2.39 EPS for the current year.

Analyst Ratings Changes

Several brokerages have commented on TKO. Moffett Nathanson began coverage on shares of TKO Group in a report on Monday, January 29th. They set a “neutral” rating and a $95.00 target price on the stock. Morgan Stanley assumed coverage on shares of TKO Group in a report on Wednesday, February 14th. They issued an “equal weight” rating and a $95.00 price objective on the stock. Bank of America assumed coverage on shares of TKO Group in a report on Friday, March 15th. They issued a “buy” rating and a $100.00 price objective on the stock. Northcoast Research assumed coverage on shares of TKO Group in a report on Tuesday, February 6th. They issued a “buy” rating and a $105.00 price objective on the stock. Finally, Jefferies Financial Group lifted their price objective on shares of TKO Group from $120.00 to $131.00 and gave the company a “buy” rating in a report on Friday, April 12th. Three equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $108.31.

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.