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

Arlington Partners LLC cut its holdings in shares of TKO Group Holdings, Inc. (NYSE:TKO - Free Report) by 14.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 30,807 shares of the company's stock after selling 5,289 shares during the quarter. TKO Group comprises 1.7% of Arlington Partners LLC's investment portfolio, making the stock its 15th biggest position. Arlington Partners LLC's holdings in TKO Group were worth $4,378,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of TKO. Blue Trust Inc. raised its stake in TKO Group by 52.4% during the third quarter. Blue Trust Inc. now owns 259 shares of the company's stock worth $32,000 after purchasing an additional 89 shares during the period. Geneos Wealth Management Inc. purchased a new stake in shares of TKO Group in the 4th quarter valued at approximately $32,000. First Horizon Advisors Inc. raised its stake in shares of TKO Group by 491.5% in the 3rd quarter. First Horizon Advisors Inc. now owns 278 shares of the company's stock valued at $34,000 after acquiring an additional 231 shares during the period. UMB Bank n.a. raised its stake in shares of TKO Group by 72.8% in the 4th quarter. UMB Bank n.a. now owns 273 shares of the company's stock valued at $39,000 after acquiring an additional 115 shares during the period. Finally, Signaturefd LLC raised its stake in shares of TKO Group by 39.4% in the 3rd quarter. Signaturefd LLC now owns 386 shares of the company's stock valued at $48,000 after acquiring an additional 109 shares during the period. 89.79% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CEO Ariel Emanuel bought 117,769 shares of the stock in a transaction dated Wednesday, February 12th. The stock was acquired at an average price of $175.40 per share, for a total transaction of $20,656,682.60. Following the acquisition, the chief executive officer now owns 2,579,437 shares in the company, valued at approximately $452,433,249.80. This represents a 4.78 % increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Andrew M. Schleimer sold 5,419 shares of the company's stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $141.94, for a total transaction of $769,172.86. Following the completion of the transaction, the chief financial officer now owns 6,995 shares of the company's stock, valued at approximately $992,870.30. The trade was a 43.65 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders bought 2,498,297 shares of company stock worth $387,671,461 and sold 71,457 shares worth $10,153,456. 53.80% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

TKO has been the topic of a number of research analyst reports. TD Cowen boosted their price target on shares of TKO Group from $140.00 to $143.00 and gave the company a "buy" rating in a research note on Tuesday, October 29th. Roth Mkm boosted their price target on shares of TKO Group from $146.00 to $148.00 and gave the company a "buy" rating in a research note on Wednesday, October 16th. Pivotal Research boosted their price target on shares of TKO Group from $145.00 to $165.00 and gave the company a "buy" rating in a research note on Tuesday, November 26th. UBS Group boosted their price target on shares of TKO Group from $135.00 to $170.00 and gave the company a "buy" rating in a research note on Tuesday, January 7th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of TKO Group from $137.00 to $158.00 and gave the company an "overweight" rating in a report on Thursday, December 12th. Three equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, TKO Group presently has an average rating of "Moderate Buy" and a consensus target price of $148.08.

TKO Group Stock Down 1.2 %

NYSE TKO traded down $2.15 on Thursday, hitting $174.49. 2,470,871 shares of the stock were exchanged, compared to its average volume of 1,033,257. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.34. TKO Group Holdings, Inc. has a fifty-two week low of $78.69 and a fifty-two week high of $179.09. The company has a market cap of $29.80 billion, a PE ratio of -415.45 and a beta of 1.06. The company has a 50-day moving average price of $148.99 and a 200-day moving average price of $131.18.

About TKO Group

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.