O Keefe Stevens Advisory Inc. Takes $220,000 Position in TKO Group Holdings, Inc. (NYSE:TKO)

O Keefe Stevens Advisory Inc. acquired a new position in shares of TKO Group Holdings, Inc. (NYSE:TKO) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 1,546 shares of the company’s stock, valued at approximately $220,000.

Other institutional investors have also added to or reduced their stakes in the company. Blue Trust Inc. boosted its position in TKO Group by 52.4% during the third quarter. Blue Trust Inc. now owns 259 shares of the company’s stock valued at $32,000 after purchasing an additional 89 shares in the last quarter. First Horizon Advisors Inc. grew its stake in TKO Group by 491.5% during the 3rd quarter. First Horizon Advisors Inc. now owns 278 shares of the company’s stock worth $34,000 after buying an additional 231 shares during the last quarter. Signaturefd LLC boosted its holdings in TKO Group by 39.4% in the third quarter. Signaturefd LLC now owns 386 shares of the company’s stock worth $48,000 after acquiring an additional 109 shares in the last quarter. Quarry LP purchased a new stake in shares of TKO Group during the second quarter worth about $51,000. Finally, Brooklyn Investment Group raised its position in shares of TKO Group by 213.0% in the 4th quarter. Brooklyn Investment Group now owns 360 shares of the company’s stock valued at $51,000 after purchasing an additional 245 shares during the last quarter. Hedge funds and other institutional investors own 89.79% of the company’s stock.

TKO Group Trading Up 0.2 %

TKO opened at $142.06 on Friday. The business’s fifty day simple moving average is $138.47 and its 200 day simple moving average is $124.52. TKO Group Holdings, Inc. has a 52 week low of $75.35 and a 52 week high of $149.40. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.34.

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

Analyst Ratings Changes

Several analysts have weighed in on TKO shares. Guggenheim boosted their price target on TKO Group from $135.00 to $140.00 and gave the company a “buy” rating in a research note on Monday, September 30th. JPMorgan Chase & Co. upped 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. Pivotal Research lifted their target price on shares of TKO Group from $145.00 to $165.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. UBS Group boosted their price target on TKO Group from $135.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday, January 7th. Finally, The Goldman Sachs Group boosted their price target on shares of TKO Group from $132.00 to $138.00 and gave the company a “buy” rating in a research report on Wednesday, October 2nd. Three equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, TKO Group currently has a consensus rating of “Moderate Buy” and an average target price of $139.29.

Insider Buying and Selling at TKO Group

In other news, CAO Shane Kapral sold 1,034 shares of the stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $141.94, for a total value of $146,765.96. Following the completion of the sale, the chief accounting officer now owns 2,225 shares of the company’s stock, valued at $315,816.50. This represents a 31.73 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Andrew M. Schleimer sold 5,419 shares of the company’s stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $141.94, for a total transaction of $769,172.86. Following the sale, the chief financial officer now directly owns 6,995 shares of the company’s stock, valued at approximately $992,870.30. This trade represents a 43.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders bought 600,647 shares of company stock valued at $86,815,728 and sold 65,624 shares valued at $9,314,671. 53.80% of the stock is owned by company insiders.

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.