Josh Arnold Investment Consultant LLC Has $4.30 Million Position in TKO Group Holdings, Inc. $TKO

Josh Arnold Investment Consultant LLC trimmed its stake in shares of TKO Group Holdings, Inc. (NYSE:TKO) by 31.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 20,585 shares of the company’s stock after selling 9,530 shares during the quarter. TKO Group accounts for 2.4% of Josh Arnold Investment Consultant LLC’s portfolio, making the stock its 7th largest holding. Josh Arnold Investment Consultant LLC’s holdings in TKO Group were worth $4,302,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of TKO. M & L Capital Management Ltd bought a new position in shares of TKO Group during the fourth quarter valued at $2,978,000. American Century Companies Inc. boosted its stake in shares of TKO Group by 35.9% in the 3rd quarter. American Century Companies Inc. now owns 726,149 shares of the company’s stock valued at $146,653,000 after purchasing an additional 191,743 shares in the last quarter. CIBC Bancorp USA Inc. bought a new stake in shares of TKO Group in the 3rd quarter worth about $10,105,000. Perpetual Ltd bought a new stake in shares of TKO Group in the 4th quarter worth about $26,046,000. Finally, Ninety One SA Pty Ltd increased its position in shares of TKO Group by 86.2% during the 4th quarter. Ninety One SA Pty Ltd now owns 133,187 shares of the company’s stock worth $27,836,000 after purchasing an additional 61,657 shares in the last quarter. 89.79% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on TKO shares. Citizens Jmp started coverage on shares of TKO Group in a report on Monday, March 30th. They set a “mkt outperform” rating and a $240.00 price target for the company. Zacks Research raised shares of TKO Group from a “strong sell” rating to a “hold” rating in a report on Monday, April 6th. Citigroup cut shares of TKO Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. Sanford C. Bernstein cut their target price on shares of TKO Group from $250.00 to $240.00 and set an “outperform” rating for the company in a research note on Monday, April 27th. Finally, BTIG Research reissued a “buy” rating and issued a $237.00 target price on shares of TKO Group in a report on Thursday, May 7th. Eleven analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $233.73.

Insider Activity at TKO Group

In related news, insider Mark S. Shapiro purchased 10,807 shares of the firm’s stock in a transaction dated Wednesday, May 13th. The shares were acquired at an average cost of $185.05 per share, with a total value of $1,999,835.35. Following the completion of the purchase, the insider directly owned 129,207 shares of the company’s stock, valued at $23,909,755.35. This trade represents a 9.13% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Nick Khan sold 9,589 shares of the firm’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $207.56, for a total transaction of $1,990,292.84. Following the completion of the sale, the director directly owned 81,511 shares of the company’s stock, valued at approximately $16,918,423.16. This represents a 10.53% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have purchased 24,308 shares of company stock valued at $4,499,679 and have sold 28,625 shares valued at $5,650,725. Corporate insiders own 64.30% of the company’s stock.

TKO Group Stock Performance

Shares of NYSE:TKO opened at $199.29 on Friday. The business has a fifty day moving average of $193.67 and a 200-day moving average of $201.05. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.34 and a current ratio of 1.34. TKO Group Holdings, Inc. has a twelve month low of $152.29 and a twelve month high of $226.94. The firm has a market cap of $38.69 billion, a PE ratio of 74.36 and a beta of 0.59.

TKO Group (NYSE:TKO) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $1.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.11 by $0.01. TKO Group had a net margin of 4.47% and a return on equity of 2.49%. The business had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.59 billion. During the same quarter in the prior year, the company earned $0.69 EPS. The firm’s quarterly revenue was up 25.9% on a year-over-year basis. On average, equities research analysts predict that TKO Group Holdings, Inc. will post 4.96 EPS for the current fiscal year.

TKO Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be given a dividend of $0.79 per share. The ex-dividend date is Monday, June 15th. This is a positive change from TKO Group’s previous quarterly dividend of $0.78. This represents a $3.16 dividend on an annualized basis and a dividend yield of 1.6%. TKO Group’s dividend payout ratio (DPR) is currently 117.91%.

TKO Group Company Profile

TKO Group Holdings (NYSE: TKO) is a global sports and entertainment company formed in 2023 through the combination of two major combat-sports businesses. The company brings together the mixed martial arts organization UFC and the sports entertainment business WWE under a single publicly traded holding company. TKO owns and manages a portfolio of live-event franchises, intellectual property, and media rights centered on combat and sports-entertainment content.

TKO’s core activities include the promotion and production of live events, the licensing and sale of broadcasting and streaming rights, and the development and commercialization of branded consumer products.