Argonautica Private Wealth Management Inc. Has $434,000 Holdings in TKO Group Holdings, Inc. (NYSE:TKO)

Argonautica Private Wealth Management Inc. raised its position in shares of TKO Group Holdings, Inc. (NYSE:TKO) by 4.0% in the first quarter, HoldingsChannel.com reports. The firm owned 2,837 shares of the company’s stock after purchasing an additional 108 shares during the quarter. Argonautica Private Wealth Management Inc.’s holdings in TKO Group were worth $434,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Corient Private Wealth LLC grew its position in shares of TKO Group by 2.8% during the 4th quarter. Corient Private Wealth LLC now owns 4,118 shares of the company’s stock worth $585,000 after buying an additional 112 shares during the period. TD Private Client Wealth LLC grew its position in TKO Group by 86.8% in the 4th quarter. TD Private Client Wealth LLC now owns 325 shares of the company’s stock valued at $46,000 after purchasing an additional 151 shares during the period. KLP Kapitalforvaltning AS acquired a new stake in TKO Group in the 4th quarter valued at $2,174,000. LPL Financial LLC grew its position in TKO Group by 10.0% in the 4th quarter. LPL Financial LLC now owns 37,518 shares of the company’s stock valued at $5,332,000 after purchasing an additional 3,426 shares during the period. Finally, Vanguard Group Inc. grew its position in TKO Group by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 6,681,087 shares of the company’s stock valued at $949,449,000 after purchasing an additional 114,096 shares during the period. Institutional investors and hedge funds own 89.79% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on TKO shares. JPMorgan Chase & Co. raised their price objective on TKO Group from $158.00 to $182.00 and gave the company an “overweight” rating in a research note on Wednesday, May 21st. Sanford C. Bernstein assumed coverage on TKO Group in a research note on Wednesday, June 4th. They set an “outperform” rating and a $190.00 target price on the stock. Northcoast Research cut TKO Group from a “buy” rating to a “neutral” rating in a research note on Thursday, July 10th. Guggenheim lifted their target price on TKO Group from $175.00 to $190.00 and gave the company a “buy” rating in a report on Friday, May 9th. Finally, The Goldman Sachs Group boosted their price objective on TKO Group from $170.00 to $188.00 and gave the stock a “buy” rating in a report on Monday, May 12th. Three analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $171.33.

TKO Group Trading Up 0.7%

NYSE TKO opened at $167.66 on Thursday. TKO Group Holdings, Inc. has a twelve month low of $102.46 and a twelve month high of $182.60. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.25 and a current ratio of 1.25. The stock has a market cap of $33.18 billion, a price-to-earnings ratio of 85.11 and a beta of 0.73. The firm’s 50 day moving average price is $168.29 and its two-hundred day moving average price is $158.62.

TKO Group (NYSE:TKO) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.14. The firm had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.07 billion. TKO Group had a net margin of 4.98% and a return on equity of 2.52%. The company’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($1.26) earnings per share. Equities analysts anticipate that TKO Group Holdings, Inc. will post 3.88 EPS for the current year.

TKO Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were paid a $0.38 dividend. The ex-dividend date was Friday, June 13th. This represents a $1.52 dividend on an annualized basis and a yield of 0.91%. TKO Group’s payout ratio is presently 77.16%.

Insiders Place Their Bets

In other TKO Group news, Director Peter C. B. Bynoe bought 980 shares of the firm’s stock in a transaction that occurred on Thursday, June 5th. The stock was acquired at an average price of $169.59 per share, with a total value of $166,198.20. Following the completion of the transaction, the director owned 2,747 shares in the company, valued at approximately $465,863.73. This trade represents a 55.46% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Lake West Voteco L.L.C Silver bought 1,579,080 shares of the firm’s stock in a transaction that occurred on Tuesday, June 3rd. The stock was acquired at an average cost of $158.32 per share, with a total value of $249,999,945.60. Following the transaction, the insider owned 4,158,517 shares of the company’s stock, valued at $658,376,411.44. This represents a 61.22% increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders have sold 73,725 shares of company stock worth $12,501,561. Company insiders own 61.30% of the company’s stock.

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.