TKO Group Holdings, Inc. $TKO Shares Bought by Josh Arnold Investment Consultant LLC

Key Points

• Josh Arnold Investment Consultant LLC increased its stake in TKO Group Holdings by 27.7%, making TKO Group the firm's 5th largest holding with a total holding value of approximately $2.98 million.
• TKO Group recently increased its quarterly dividend from $0.38 to $0.76, representing an annualized yield of 1.6% and reflecting the company's commitment to returning value to shareholders.
• Despite a recent earnings miss, with an EPS of $1.17 versus a $1.23 estimate, TKO Group reported a 53.7% year-over-year revenue increase to $1.31 billion for the quarter.

Josh Arnold Investment Consultant LLC boosted its position in TKO Group Holdings, Inc. (NYSE:TKO - Free Report) by 27.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,475 shares of the company's stock after buying an additional 4,225 shares during the quarter. TKO Group accounts for approximately 2.5% of Josh Arnold Investment Consultant LLC's holdings, making the stock its 5th biggest holding. Josh Arnold Investment Consultant LLC's holdings in TKO Group were worth $2,976,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Hemington Wealth Management lifted its holdings in TKO Group by 425.0% in the 1st quarter. Hemington Wealth Management now owns 168 shares of the company's stock worth $25,000 after buying an additional 136 shares in the last quarter. N.E.W. Advisory Services LLC acquired a new position in TKO Group in the 1st quarter worth $26,000. Sentry Investment Management LLC acquired a new position in TKO Group in the 1st quarter worth $25,000. Bartlett & CO. Wealth Management LLC acquired a new position in TKO Group in the 1st quarter worth $27,000. Finally, Farther Finance Advisors LLC lifted its holdings in TKO Group by 129.8% in the 1st quarter. Farther Finance Advisors LLC now owns 216 shares of the company's stock worth $33,000 after buying an additional 122 shares in the last quarter. Institutional investors and hedge funds own 89.79% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. The Goldman Sachs Group boosted their price objective on shares of TKO Group from $170.00 to $188.00 and gave the stock a "buy" rating in a report on Monday, May 12th. JPMorgan Chase & Co. boosted their price objective on shares of TKO Group from $182.00 to $212.00 and gave the stock an "overweight" rating in a report on Thursday, August 21st. Roth Capital boosted their target price on shares of TKO Group from $208.00 to $210.00 and gave the stock a "buy" rating in a research report on Tuesday, August 12th. Northcoast Research downgraded shares of TKO Group from a "buy" rating to a "neutral" rating in a research report on Thursday, July 10th. Finally, Citigroup boosted their target price on shares of TKO Group from $200.00 to $225.00 and gave the stock a "buy" rating in a research report on Friday, August 15th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, TKO Group currently has an average rating of "Moderate Buy" and an average target price of $192.21.

Insider Buying and Selling at TKO Group

In other news, Director Nick Khan sold 9,519 shares of the company's stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $186.43, for a total value of $1,774,627.17. Following the completion of the sale, the director directly owned 137,456 shares of the company's stock, valued at approximately $25,625,922.08. This represents a 6.48% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last ninety days, insiders have sold 73,725 shares of company stock valued at $12,767,807. Corporate insiders own 53.80% of the company's stock.

TKO Group Stock Performance

NYSE TKO traded up $6.52 on Monday, hitting $200.52. The stock had a trading volume of 1,097,540 shares, compared to its average volume of 830,703. TKO Group Holdings, Inc. has a one year low of $113.16 and a one year high of $200.71. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.28. The stock has a market cap of $39.76 billion, a price-to-earnings ratio of 82.86 and a beta of 0.78. The company's 50-day moving average is $177.14 and its two-hundred day moving average is $164.17.

TKO Group (NYSE:TKO - Get Free Report) last posted its earnings results on Wednesday, August 6th. The company reported $1.17 EPS for the quarter, missing the consensus estimate of $1.23 by ($0.06). TKO Group had a return on equity of 2.82% and a net margin of 5.40%.The firm had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter last year, the company posted $0.72 EPS. TKO Group's revenue for the quarter was up 53.7% on a year-over-year basis. On average, analysts expect that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current year.

TKO Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be paid a $0.76 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 1.5%. This is an increase from TKO Group's previous quarterly dividend of $0.38. TKO Group's dividend payout ratio (DPR) is currently 62.81%.

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.