Annex Advisory Services LLC Buys 47,996 Shares of TKO Group Holdings, Inc. (NYSE:TKO)

Annex Advisory Services LLC raised its stake in shares of TKO Group Holdings, Inc. (NYSE:TKO) by 20.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 282,394 shares of the company’s stock after acquiring an additional 47,996 shares during the period. TKO Group comprises approximately 1.2% of Annex Advisory Services LLC’s investment portfolio, making the stock its 20th largest holding. Annex Advisory Services LLC owned 0.17% of TKO Group worth $40,131,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently bought and sold shares of the company. Blue Trust Inc. grew its holdings in shares of TKO Group by 52.4% in the third quarter. Blue Trust Inc. now owns 259 shares of the company’s stock valued at $32,000 after acquiring an additional 89 shares in the last quarter. First Horizon Advisors Inc. grew its stake in TKO Group by 491.5% in the 3rd quarter. First Horizon Advisors Inc. now owns 278 shares of the company’s stock valued at $34,000 after purchasing an additional 231 shares during the period. Signaturefd LLC increased 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 purchasing an additional 109 shares during the last quarter. Quarry LP bought a new stake in shares of TKO Group during the 2nd quarter worth $51,000. Finally, Brooklyn Investment Group boosted its holdings in shares of TKO Group by 213.0% in the 4th quarter. Brooklyn Investment Group now owns 360 shares of the company’s stock worth $51,000 after buying an additional 245 shares during the last quarter. 89.79% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Guggenheim lifted their price objective on shares of TKO Group from $135.00 to $140.00 and gave the stock a “buy” rating in a research report on Monday, September 30th. Roth Mkm lifted their price target on shares of TKO Group from $146.00 to $148.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Pivotal Research increased their price objective on TKO Group from $145.00 to $165.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. The Goldman Sachs Group boosted their target price 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, UBS Group increased their price target on TKO Group from $135.00 to $170.00 and gave the stock a “buy” rating in a research note on Tuesday, January 7th. Three investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $139.29.

Insider Activity

In other news, CFO Andrew M. Schleimer sold 5,419 shares of TKO Group stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $141.94, for a total transaction of $769,172.86. Following the completion of the sale, the chief financial officer now directly owns 6,995 shares of the company’s stock, valued at approximately $992,870.30. The trade was a 43.65 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Shane Kapral sold 1,034 shares of the stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $141.94, for a total value of $146,765.96. Following the completion of the transaction, the chief accounting officer now directly owns 2,225 shares in the company, valued at approximately $315,816.50. This represents a 31.73 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders acquired 600,647 shares of company stock worth $86,815,728 and sold 65,624 shares worth $9,314,671. Corporate insiders own 53.80% of the company’s stock.

TKO Group Stock Performance

TKO Group stock opened at $142.06 on Monday. The firm’s 50 day simple moving average is $138.47 and its 200 day simple moving average is $124.70. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.34. TKO Group Holdings, Inc. has a 1-year low of $75.35 and a 1-year high of $149.40.

TKO Group (NYSE:TKO) last issued its quarterly earnings data 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). 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 during the quarter, compared to analysts’ expectations of $665.12 million. During the same quarter last year, the business posted $0.52 EPS. The company’s quarterly revenue was up 51.7% on a year-over-year basis. Analysts expect that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current fiscal year.

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.