Barlow Wealth Partners Inc. Takes $8.71 Million Position in TKO Group Holdings, Inc. (NYSE:TKO)

Barlow Wealth Partners Inc. bought a new position in shares of TKO Group Holdings, Inc. (NYSE:TKO) in the fourth quarter, Holdings Channel.com reports. The fund bought 106,724 shares of the company’s stock, valued at approximately $8,707,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Charles Schwab Investment Management Inc. grew its holdings in TKO Group by 17.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 366,442 shares of the company’s stock worth $29,894,000 after acquiring an additional 55,662 shares during the period. Maryland State Retirement & Pension System increased its holdings in TKO Group by 38.7% in the fourth quarter. Maryland State Retirement & Pension System now owns 4,721 shares of the company’s stock worth $385,000 after purchasing an additional 1,317 shares in the last quarter. Malaga Cove Capital LLC lifted its stake in TKO Group by 56.4% in the fourth quarter. Malaga Cove Capital LLC now owns 4,309 shares of the company’s stock valued at $352,000 after buying an additional 1,554 shares during the period. Amalgamated Bank lifted its stake in TKO Group by 32.5% in the fourth quarter. Amalgamated Bank now owns 45,927 shares of the company’s stock valued at $3,747,000 after buying an additional 11,260 shares during the period. Finally, Swiss National Bank boosted its holdings in shares of TKO Group by 35.6% during the 4th quarter. Swiss National Bank now owns 129,400 shares of the company’s stock worth $10,556,000 after buying an additional 34,000 shares in the last quarter. Institutional investors and hedge funds own 89.79% of the company’s stock.

Wall Street Analyst Weigh In

TKO has been the subject of several research analyst reports. Morgan Stanley assumed coverage on shares of TKO Group in a research note on Wednesday, February 14th. They issued an “equal weight” rating and a $95.00 price objective for the company. 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 for the company. Roth Mkm reaffirmed a “buy” rating and set a $112.00 price target on shares of TKO Group in a research note on Friday, April 12th. Northcoast Research assumed coverage on TKO Group in a report on Tuesday, February 6th. They issued a “buy” rating and a $105.00 price target on the stock. Finally, Jefferies Financial Group boosted their price objective on 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 issued a buy rating to the company’s stock. According to data from MarketBeat.com, TKO Group currently has an average rating of “Moderate Buy” and an average target price of $108.31.

TKO Group Price Performance

NYSE TKO traded down $0.53 during trading on Wednesday, reaching $98.27. The company’s stock had a trading volume of 1,312,972 shares, compared to its average volume of 1,345,410. The stock has a market capitalization of $16.90 billion, a PE ratio of 144.51 and a beta of 1.03. 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 firm has a fifty day moving average of $89.79 and a 200 day moving average of $84.06. TKO Group Holdings, Inc. has a one year low of $72.33 and a one year high of $106.16.

TKO Group (NYSE:TKO) last announced its 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 company had revenue of $614.00 million during the quarter, compared to analysts’ expectations of $619.48 million. Analysts expect that TKO Group Holdings, Inc. will post 2.38 EPS for the current fiscal year.

Insider Buying and Selling at TKO Group

In related news, major shareholder Vincent K. Mcmahon sold 1,642,970 shares of the firm’s stock in a transaction that occurred on Tuesday, April 9th. The stock was sold at an average price of $89.01, for a total transaction of $146,240,759.70. Following the transaction, the insider now directly owns 9,875,129 shares in the company, valued at approximately $878,985,232.29. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Company 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.