HighVista Strategies LLC Invests $1.45 Million in TKO Group Holdings, Inc. (NYSE:TKO)

HighVista Strategies LLC bought a new position in TKO Group Holdings, Inc. (NYSE:TKO) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 11,700 shares of the company’s stock, valued at approximately $1,447,000.

A number of other hedge funds have also modified their holdings of TKO. Comerica Bank raised its holdings in shares of TKO Group by 5.5% in the 1st quarter. Comerica Bank now owns 28,979 shares of the company’s stock worth $2,504,000 after buying an additional 1,503 shares in the last quarter. GAMMA Investing LLC increased its holdings in TKO Group by 388.6% during the 2nd quarter. GAMMA Investing LLC now owns 513 shares of the company’s stock valued at $55,000 after purchasing an additional 408 shares in the last quarter. Park Avenue Securities LLC increased its holdings in TKO Group by 5.8% during the 2nd quarter. Park Avenue Securities LLC now owns 8,108 shares of the company’s stock valued at $876,000 after purchasing an additional 448 shares in the last quarter. Annex Advisory Services LLC increased its holdings in TKO Group by 23.8% during the 2nd quarter. Annex Advisory Services LLC now owns 205,469 shares of the company’s stock valued at $22,189,000 after purchasing an additional 39,559 shares in the last quarter. Finally, SG Americas Securities LLC increased its holdings in TKO Group by 109.8% during the 2nd quarter. SG Americas Securities LLC now owns 3,323 shares of the company’s stock valued at $359,000 after purchasing an additional 1,739 shares in the last quarter. 89.79% of the stock is owned by institutional investors and hedge funds.

TKO Group Stock Down 2.1 %

NYSE:TKO opened at $135.02 on Tuesday. TKO Group Holdings, Inc. has a 12-month low of $72.33 and a 12-month high of $139.45. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $23.06 billion, a P/E ratio of -321.48 and a beta of 1.09. The stock’s fifty day simple moving average is $124.86 and its 200-day simple moving average is $116.05.

TKO Group (NYSE:TKO) last posted its quarterly earnings results 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). The company 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%. The firm’s revenue for the quarter was up 51.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.52 earnings per share. Equities research analysts expect that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Pivotal Research raised their price target on TKO Group from $145.00 to $165.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. TD Cowen raised their price target on TKO Group from $140.00 to $143.00 and gave the company a “buy” rating in a report on Tuesday, October 29th. Morgan Stanley raised their price target on TKO Group from $115.00 to $118.00 and gave the company an “equal weight” rating in a report on Friday, August 9th. Benchmark lowered TKO Group from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. Finally, UBS Group increased their price objective on TKO Group from $115.00 to $135.00 and gave the company a “buy” rating in a research report on Friday, August 9th. Three investment 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 presently has a consensus rating of “Moderate Buy” and a consensus target price of $132.43.

Insiders Place Their Bets

In other TKO Group news, insider Mark S. Shapiro sold 31,026 shares of TKO Group stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $114.76, for a total transaction of $3,560,543.76. Following the transaction, the insider now directly owns 42,156 shares in the company, valued at approximately $4,837,822.56. The trade was a 42.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 53.80% of the company’s stock.

About TKO Group

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.