Chesapeake Capital Corp IL Takes Position in TKO Group Holdings, Inc. (NYSE:TKO)

Chesapeake Capital Corp IL bought a new stake in TKO Group Holdings, Inc. (NYSE:TKO) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 8,132 shares of the company’s stock, valued at approximately $1,016,000. TKO Group makes up approximately 0.9% of Chesapeake Capital Corp IL’s investment portfolio, making the stock its 19th biggest position.

Other hedge funds have also bought and sold shares of the company. Blue Trust Inc. lifted its holdings in TKO Group by 52.4% during the third quarter. Blue Trust Inc. now owns 259 shares of the company’s stock worth $32,000 after acquiring an additional 89 shares during the period. MFA Wealth Advisors LLC bought a new stake in TKO Group during the second quarter worth $36,000. Signaturefd LLC lifted its holdings in TKO Group by 39.4% during the third quarter. Signaturefd LLC now owns 386 shares of the company’s stock worth $48,000 after acquiring an additional 109 shares during the period. Quarry LP bought a new stake in TKO Group during the second quarter worth $51,000. Finally, International Assets Investment Management LLC lifted its holdings in TKO Group by 12,275.0% during the third quarter. International Assets Investment Management LLC now owns 495 shares of the company’s stock worth $61,000 after acquiring an additional 491 shares during the period. 89.79% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

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 value of $3,560,543.76. Following the completion of the sale, the insider now owns 42,156 shares of the company’s stock, valued at approximately $4,837,822.56. The trade was a 42.40 % decrease in their position. 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.

TKO Group Price Performance

Shares of NYSE TKO opened at $119.24 on Friday. TKO Group Holdings, Inc. has a fifty-two week low of $72.33 and a fifty-two week high of $130.95. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.34. The stock has a fifty day moving average of $121.47 and a 200-day moving average of $113.42.

TKO Group (NYSE:TKO) last posted its earnings results on Wednesday, November 6th. The company reported $0.28 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 analysts’ expectations of $665.12 million. During the same quarter in the previous year, the firm earned $0.52 earnings per share. TKO Group’s quarterly revenue was up 51.7% compared to the same quarter last year. Sell-side analysts forecast that TKO Group Holdings, Inc. will post 3.88 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently commented on TKO shares. TD Cowen lifted their price target on TKO Group from $140.00 to $143.00 and gave the stock a “buy” rating in a report on Tuesday, October 29th. JPMorgan Chase & Co. lifted their price target on TKO Group from $132.00 to $137.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Morgan Stanley raised their target price on TKO Group from $115.00 to $118.00 and gave the stock an “equal weight” rating in a research report on Friday, August 9th. The Goldman Sachs Group raised their target price on TKO Group from $132.00 to $138.00 and gave the stock a “buy” rating in a research report on Wednesday, October 2nd. Finally, Benchmark downgraded TKO Group from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. Three research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $131.00.

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.