Sun Sep 15 11:28:47 UTC 2024: ## Institutional Investors Show Interest in TKO Group Holdings

**New York, NY** – Choreo LLC, an institutional investor, has acquired a new stake in TKO Group Holdings, Inc. (NYSE:TKO), according to a recent Form 13F filing with the SEC. The investment, valued at approximately $554,000, consisted of 5,147 shares of the company’s stock.

This news comes as several other institutional investors have also made changes to their positions in TKO Group. MFA Wealth Advisors LLC purchased a new stake in the company during the second quarter, while GAMMA Investing LLC increased its holdings by 388.6%. Additionally, Scarborough Advisors LLC and Sunbelt Securities Inc. both bought new positions in TKO Group during the fourth and first quarters, respectively.

Overall, hedge funds and institutional investors currently own 89.79% of TKO Group’s stock.

Analysts are also bullish on the company’s future. Pivotal Research initiated coverage on TKO Group with a “buy” rating and a $170.00 price target. UBS Group also upgraded its rating to “buy” and increased its price target to $135.00. Goldman Sachs Group reiterated a “buy” rating with a $132.00 price target, and TD Cowen raised its price target to $140.00. Currently, two analysts rate the stock as a “hold,” while thirteen assign a “buy” rating, giving TKO Group an average rating of “Moderate Buy” and an average price target of $127.13.

TKO Group’s stock opened at $115.34 on Friday. The company’s market capitalization is currently $19.68 billion.

Despite missing analysts’ earnings expectations for the second quarter, TKO Group’s revenue increased by 178.9% compared to the same period last year. The company’s performance has also been buoyed by positive returns on equity and an increase in insider ownership.

**About TKO Group Holdings, Inc.**

TKO Group Holdings, Inc. is a sports and entertainment company involved in producing and licensing live events, television programs, and various forms of entertainment content. The company also engages in the merchandising of related products and services.

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