TKO Group Holdings, Inc. (NYSE:TKO) Stock Position Lifted by MetLife Investment Management LLC

MetLife Investment Management LLC lifted its position in TKO Group Holdings, Inc. (NYSE:TKO) by 10.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 35,048 shares of the company’s stock after acquiring an additional 3,172 shares during the quarter. MetLife Investment Management LLC’s holdings in TKO Group were worth $4,336,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Blue Trust Inc. boosted its holdings in TKO Group by 52.4% in the third quarter. Blue Trust Inc. now owns 259 shares of the company’s stock worth $32,000 after purchasing an additional 89 shares during the period. First Horizon Advisors Inc. lifted its position in shares of TKO Group by 491.5% in 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. MFA Wealth Advisors LLC acquired a new position in shares of TKO Group in the 2nd quarter valued at about $36,000. Signaturefd LLC grew its position in shares of TKO Group by 39.4% during the 3rd quarter. Signaturefd LLC now owns 386 shares of the company’s stock valued at $48,000 after buying an additional 109 shares during the last quarter. Finally, Quarry LP acquired a new stake in TKO Group during the second quarter worth about $51,000. 89.79% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on TKO shares. Benchmark lowered TKO Group from a “buy” rating to a “hold” rating in a report on Thursday, October 24th. Pivotal Research upped their price objective on TKO Group from $145.00 to $165.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Bank of America started coverage on TKO Group in a research note on Tuesday, August 20th. They issued a “buy” rating and a $140.00 target price on the stock. JPMorgan Chase & Co. upped their price target on shares of TKO Group from $132.00 to $137.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Finally, Guggenheim lifted their price objective on shares of TKO Group from $135.00 to $140.00 and gave the company a “buy” rating in a research report on Monday, September 30th. Three analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, TKO Group has an average rating of “Moderate Buy” and a consensus target price of $132.43.

Insider Activity

In other news, insider Mark S. Shapiro sold 31,026 shares of the business’s 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 completion of 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 53.80% of the stock is owned by insiders.

TKO Group Price Performance

TKO Group stock opened at $137.96 on Monday. The business has a 50 day simple moving average of $124.86 and a 200 day simple moving average of $115.98. TKO Group Holdings, Inc. has a one year low of $72.33 and a one year high of $139.45. The company has a market capitalization of $23.56 billion, a PE ratio of -328.48 and a beta of 1.06. 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 (NYSE:TKO) last posted its earnings results on Wednesday, November 6th. The company reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.28). The firm had revenue of $681.20 million during the quarter, compared to the consensus estimate of $665.12 million. TKO Group had a negative net margin of 1.26% and a positive return on equity of 3.39%. The business’s revenue was up 51.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.52 EPS. On average, sell-side analysts forecast that TKO Group Holdings, Inc. will post 3.88 EPS for the current fiscal year.

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.