Josh Arnold Investment Consultant LLC bought a new position in shares of TKO Group Holdings, Inc. (NYSE:TKO - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 15,250 shares of the company's stock, valued at approximately $2,167,000. TKO Group makes up about 1.8% of Josh Arnold Investment Consultant LLC's investment portfolio, making the stock its 3rd largest holding.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Neo Ivy Capital Management purchased a new position in shares of TKO Group during the fourth quarter worth about $309,000. Focus Partners Advisor Solutions LLC grew its holdings in shares of TKO Group by 3.6% during the fourth quarter. Focus Partners Advisor Solutions LLC now owns 1,835 shares of the company's stock worth $261,000 after buying an additional 63 shares during the last quarter. Ashford Capital Management Inc. grew its holdings in shares of TKO Group by 560.0% during the fourth quarter. Ashford Capital Management Inc. now owns 11,827 shares of the company's stock worth $1,681,000 after buying an additional 10,035 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of TKO Group by 19.6% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 237,754 shares of the company's stock worth $33,787,000 after buying an additional 38,890 shares during the last quarter. Finally, Squarepoint Ops LLC boosted its holdings in TKO Group by 241.7% in the 4th quarter. Squarepoint Ops LLC now owns 155,249 shares of the company's stock valued at $22,062,000 after purchasing an additional 109,811 shares in the last quarter. Hedge funds and other institutional investors own 89.79% of the company's stock.
Insider Activity
In other TKO Group news, Director Sonya E. Medina acquired 233 shares of the company's stock in a transaction that occurred on Monday, March 17th. The shares were purchased at an average price of $142.93 per share, for a total transaction of $33,302.69. Following the completion of the purchase, the director now directly owns 2,000 shares in the company, valued at $285,860. The trade was a 13.19% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Jonathan Kraft acquired 20,000 shares of the company's stock in a transaction that occurred on Monday, March 3rd. The shares were acquired at an average price of $151.78 per share, for a total transaction of $3,035,600.00. Following the purchase, the director now owns 20,000 shares of the company's stock, valued at $3,035,600. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 23,733 shares of company stock worth $3,561,318. 61.30% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
A number of brokerages have weighed in on TKO. Pivotal Research reaffirmed a "buy" rating and issued a $195.00 price objective (up previously from $145.00) on shares of TKO Group in a report on Thursday, February 27th. JPMorgan Chase & Co. lifted their price objective on TKO Group from $158.00 to $182.00 and gave the company an "overweight" rating in a report on Wednesday. The Goldman Sachs Group lifted their price objective on TKO Group from $170.00 to $188.00 and gave the company a "buy" rating in a report on Monday, May 12th. Guggenheim lifted their price objective on TKO Group from $175.00 to $190.00 and gave the company a "buy" rating in a report on Friday, May 9th. Finally, Benchmark reissued a "hold" rating on shares of TKO Group in a research note on Monday, March 3rd. Two research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $166.25.
Read Our Latest Report on TKO
TKO Group Trading Down 2.1%
TKO stock opened at $156.50 on Friday. The company has a market cap of $26.79 billion, a price-to-earnings ratio of -372.62 and a beta of 0.73. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.34. The business has a fifty day simple moving average of $154.50 and a 200-day simple moving average of $148.51. TKO Group Holdings, Inc. has a 52 week low of $100.76 and a 52 week high of $179.09.
TKO Group (NYSE:TKO - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.69 earnings per share for the quarter, topping analysts' consensus estimates of $0.55 by $0.14. The firm had revenue of $1.27 billion during the quarter, compared to analysts' expectations of $1.07 billion. TKO Group had a negative net margin of 1.26% and a positive return on equity of 3.39%. The firm's revenue was up 3.8% on a year-over-year basis. During the same period in the prior year, the company earned ($1.26) EPS. On average, equities research analysts expect that TKO Group Holdings, Inc. will post 3.88 EPS for the current year.
TKO Group Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were given a $0.38 dividend. The ex-dividend date was Friday, March 14th. This represents a $1.52 dividend on an annualized basis and a yield of 0.97%. TKO Group's payout ratio is currently 77.16%.
TKO Group Company Profile
(
Free Report)
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.
Further Reading
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