Teton Advisors Inc. Has $1.18 Million Position in TKO Group Holdings, Inc. (NYSE:TKO)

Teton Advisors Inc. reduced its stake in shares of TKO Group Holdings, Inc. (NYSE:TKO) by 8.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,500 shares of the company’s stock after selling 1,300 shares during the quarter. Teton Advisors Inc.’s holdings in TKO Group were worth $1,183,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Lindsell Train Ltd acquired a new position in shares of TKO Group in the 3rd quarter valued at approximately $495,949,000. Vanguard Group Inc. acquired a new position in shares of TKO Group in the 3rd quarter valued at approximately $419,731,000. Ninety One UK Ltd grew its position in shares of TKO Group by 12.7% in the 4th quarter. Ninety One UK Ltd now owns 4,303,375 shares of the company’s stock valued at $351,069,000 after purchasing an additional 485,105 shares during the period. FMR LLC acquired a new position in shares of TKO Group in the 3rd quarter valued at approximately $136,131,000. Finally, Clearbridge Investments LLC acquired a new position in shares of TKO Group in the 3rd quarter valued at approximately $118,378,000. 89.79% of the stock is currently owned by institutional investors and hedge funds.

TKO Group Stock Performance

TKO traded down $0.38 during trading hours on Thursday, reaching $95.33. The company’s stock had a trading volume of 590,553 shares, compared to its average volume of 1,352,532. TKO Group Holdings, Inc. has a 52 week low of $72.33 and a 52 week high of $106.16. The company’s 50-day moving average is $88.83 and its 200-day moving average is $83.48. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.04 and a current ratio of 1.04. The firm has a market cap of $16.39 billion, a PE ratio of 141.59 and a beta of 1.03.

TKO Group (NYSE:TKO) last posted its quarterly earnings results on Tuesday, February 27th. The company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.59). TKO Group had a net margin of 3.02% and a return on equity of 3.11%. The business had revenue of $614.00 million during the quarter, compared to the consensus estimate of $619.48 million. On average, equities analysts forecast that TKO Group Holdings, Inc. will post 2.38 EPS for the current year.

Insider Buying and Selling at TKO Group

In other TKO Group news, major shareholder Vincent K. Mcmahon sold 1,642,970 shares of the company’s stock in a transaction on Tuesday, April 9th. The stock was sold at an average price of $89.01, for a total value of $146,240,759.70. Following the transaction, the insider now directly owns 9,875,129 shares of the company’s stock, valued at approximately $878,985,232.29. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 38.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on TKO shares. Moffett Nathanson started coverage on TKO Group in a research report on Monday, January 29th. They issued a “neutral” rating and a $95.00 price objective for the company. TD Cowen began coverage on TKO Group in a research note on Friday, January 12th. They issued a “market perform” rating and a $92.00 target price on the stock. The Goldman Sachs Group began coverage on TKO Group in a research note on Thursday, March 7th. They issued a “buy” rating and a $102.00 target price on the stock. Morgan Stanley began coverage on TKO Group in a research note on Wednesday, February 14th. They issued an “equal weight” rating and a $95.00 target price on the stock. Finally, Northcoast Research began coverage on TKO Group in a research note on Tuesday, February 6th. They issued a “buy” rating and a $105.00 target price on the stock. Three research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus 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.