Arlington Partners LLC Cuts Position in TKO Group Holdings, Inc. (NYSE:TKO)

Arlington Partners LLC trimmed its position in shares of TKO Group Holdings, Inc. (NYSE:TKO) by 14.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 30,807 shares of the company’s stock after selling 5,289 shares during the period. TKO Group comprises about 1.7% of Arlington Partners LLC’s portfolio, making the stock its 15th biggest position. Arlington Partners LLC’s holdings in TKO Group were worth $4,378,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in TKO. Ninety One UK Ltd boosted its holdings in TKO Group by 4.1% in the fourth quarter. Ninety One UK Ltd now owns 4,151,608 shares of the company’s stock valued at $589,985,000 after purchasing an additional 163,980 shares in the last quarter. State Street Corp boosted its holdings in TKO Group by 10.4% in the third quarter. State Street Corp now owns 2,052,916 shares of the company’s stock valued at $253,966,000 after purchasing an additional 192,602 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in TKO Group by 29.1% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,704,728 shares of the company’s stock valued at $210,892,000 after purchasing an additional 383,869 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in TKO Group by 1.1% in the third quarter. Principal Financial Group Inc. now owns 1,246,338 shares of the company’s stock valued at $154,185,000 after purchasing an additional 13,148 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in TKO Group by 7.4% in the third quarter. Geode Capital Management LLC now owns 1,241,918 shares of the company’s stock valued at $153,931,000 after purchasing an additional 85,160 shares in the last quarter. 89.79% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other TKO Group news, CFO Andrew M. Schleimer sold 5,419 shares of the stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $141.94, for a total value of $769,172.86. Following the completion of the transaction, the chief financial officer now owns 6,995 shares in the company, valued at approximately $992,870.30. This represents a 43.65 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Shane Kapral sold 1,034 shares of the stock in a transaction on Friday, January 3rd. The stock was 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 owns 2,225 shares of the company’s stock, valued at $315,816.50. The trade was a 31.73 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders purchased 2,107,826 shares of company stock valued at $319,543,341 and sold 71,457 shares valued at $10,153,456. Corporate insiders own 53.80% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Pivotal Research upped their price target on TKO Group from $145.00 to $165.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. TD Cowen increased their price objective on TKO Group from $140.00 to $143.00 and gave the company a “buy” rating in a report on Tuesday, October 29th. Benchmark downgraded TKO Group from a “buy” rating to a “hold” rating in a report on Thursday, October 24th. Roth Mkm increased their price objective on TKO Group from $146.00 to $148.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Finally, JPMorgan Chase & Co. increased their price objective on TKO Group from $137.00 to $158.00 and gave the company an “overweight” rating in a report on Thursday, December 12th. Two analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $148.08.

TKO Group Price Performance

Shares of NYSE TKO opened at $166.69 on Monday. 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 stock has a fifty day moving average price of $146.05 and a 200 day moving average price of $129.60. TKO Group Holdings, Inc. has a 1-year low of $78.69 and a 1-year high of $168.25.

TKO Group Company 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.