Icon Wealth Advisors LLC Makes New Investment in TKO Group Holdings, Inc. (NYSE:TKO)

Icon Wealth Advisors LLC acquired a new position in shares of TKO Group Holdings, Inc. (NYSE:TKO) in the third quarter, HoldingsChannel reports. The institutional investor acquired 1,008 shares of the company’s stock, valued at approximately $125,000.

A number of other institutional investors also recently made changes to their positions in TKO. Comerica Bank boosted its holdings in shares of TKO Group by 5.5% during the first quarter. Comerica Bank now owns 28,979 shares of the company’s stock worth $2,504,000 after acquiring an additional 1,503 shares during the period. XN LP boosted its holdings in shares of TKO Group by 100.9% during the first quarter. XN LP now owns 1,983,346 shares of the company’s stock worth $171,381,000 after acquiring an additional 996,161 shares during the period. GAMMA Investing LLC boosted its holdings in shares of TKO Group by 388.6% during the second quarter. GAMMA Investing LLC now owns 513 shares of the company’s stock worth $55,000 after acquiring an additional 408 shares during the period. Park Avenue Securities LLC boosted its holdings in shares of TKO Group by 5.8% during the second quarter. Park Avenue Securities LLC now owns 8,108 shares of the company’s stock worth $876,000 after acquiring an additional 448 shares during the period. Finally, Annex Advisory Services LLC boosted its holdings in shares of TKO Group by 23.8% during the second quarter. Annex Advisory Services LLC now owns 205,469 shares of the company’s stock worth $22,189,000 after acquiring an additional 39,559 shares during the period. Institutional investors own 89.79% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Pivotal Research boosted their price objective on TKO Group from $140.00 to $145.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. UBS Group boosted their price target on TKO Group from $115.00 to $135.00 and gave the company a “buy” rating in a research note on Friday, August 9th. Morgan Stanley boosted their price target on TKO Group from $115.00 to $118.00 and gave the company an “equal weight” rating in a research note on Friday, August 9th. The Goldman Sachs Group boosted their price target on TKO Group from $132.00 to $138.00 and gave the company a “buy” rating in a research note on Wednesday, October 2nd. Finally, Roth Mkm boosted their price target on TKO Group from $146.00 to $148.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Three investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, TKO Group has a consensus rating of “Moderate Buy” and an average price target of $131.00.

TKO Group Price Performance

Shares of TKO opened at $135.77 on Monday. TKO Group Holdings, Inc. has a one year low of $72.33 and a one year high of $139.09. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.17 and a current ratio of 1.17. The firm has a 50 day simple moving average of $123.24 and a two-hundred day simple moving average of $114.76.

TKO Group (NYSE:TKO) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.28). The firm had revenue of $681.20 million for the quarter, compared to analyst estimates of $665.12 million. TKO Group had a negative net margin of 1.26% and a positive return on equity of 3.39%. 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 firm earned $0.52 earnings per share. On average, equities research analysts anticipate that TKO Group Holdings, Inc. will post 3.88 EPS for the current year.

Insider Transactions at TKO Group

In other news, insider Mark S. Shapiro sold 31,026 shares of the company’s stock in a transaction on Monday, September 16th. The shares were 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. This represents a 42.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 53.80% of the company’s stock.

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.