Jefferies Financial Group Inc. Purchases New Holdings in TKO Group Holdings, Inc. $TKO

Jefferies Financial Group Inc. purchased a new stake in shares of TKO Group Holdings, Inc. (NYSE:TKO) in the 4th quarter, Holdings Channel reports. The fund purchased 81,237 shares of the company’s stock, valued at approximately $16,979,000.

Several other large investors have also recently bought and sold shares of the stock. Frank Rimerman Advisors LLC lifted its position in shares of TKO Group by 3.2% in the fourth quarter. Frank Rimerman Advisors LLC now owns 1,783 shares of the company’s stock valued at $373,000 after buying an additional 56 shares during the last quarter. Stephens Inc. AR lifted its position in shares of TKO Group by 2.7% in the fourth quarter. Stephens Inc. AR now owns 2,160 shares of the company’s stock valued at $451,000 after buying an additional 56 shares during the last quarter. Sunbelt Securities Inc. lifted its position in shares of TKO Group by 6.3% in the third quarter. Sunbelt Securities Inc. now owns 950 shares of the company’s stock valued at $192,000 after buying an additional 56 shares during the last quarter. Colonial River Investments LLC lifted its position in shares of TKO Group by 4.5% in the fourth quarter. Colonial River Investments LLC now owns 1,414 shares of the company’s stock valued at $296,000 after buying an additional 61 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its position in shares of TKO Group by 48.8% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 192 shares of the company’s stock valued at $39,000 after buying an additional 63 shares during the last quarter. 89.79% of the stock is owned by institutional investors and hedge funds.

Insider Activity at TKO Group

In other news, CEO Ariel Emanuel bought 10,805 shares of the stock in a transaction dated Wednesday, May 13th. The shares were bought at an average price of $185.09 per share, for a total transaction of $1,999,897.45. Following the completion of the purchase, the chief executive officer owned 154,655 shares in the company, valued at approximately $28,625,093.95. This trade represents a 7.51% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Mark S. Shapiro bought 10,807 shares of the stock in a transaction dated Wednesday, May 13th. The shares were purchased at an average price of $185.05 per share, for a total transaction of $1,999,835.35. Following the purchase, the insider owned 129,207 shares of the company’s stock, valued at $23,909,755.35. This trade represents a 9.13% increase in their position. The disclosure for this purchase is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders have purchased 24,308 shares of company stock valued at $4,499,679 and have sold 29,424 shares valued at $5,944,433. 61.30% of the stock is currently owned by company insiders.

TKO Group Price Performance

Shares of NYSE TKO opened at $191.36 on Monday. The firm has a market cap of $37.15 billion, a P/E ratio of 71.40 and a beta of 0.57. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.57. TKO Group Holdings, Inc. has a 1-year low of $152.29 and a 1-year high of $226.94. The business’s 50 day moving average is $192.13 and its 200-day moving average is $198.87.

TKO Group (NYSE:TKO) last announced its earnings results on Wednesday, May 6th. The company reported $1.12 earnings per share for the quarter, topping analysts’ consensus estimates of $1.11 by $0.01. The company had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.59 billion. TKO Group had a return on equity of 2.49% and a net margin of 4.47%.The firm’s quarterly revenue was up 25.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.69 earnings per share. Equities research analysts predict that TKO Group Holdings, Inc. will post 5 earnings per share for the current year.

TKO Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th were paid a dividend of $0.78 per share. The ex-dividend date was Monday, March 16th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.6%. TKO Group’s dividend payout ratio (DPR) is 116.42%.

Analyst Ratings Changes

A number of research firms have recently issued reports on TKO. Sanford C. Bernstein cut their price objective on TKO Group from $250.00 to $240.00 and set an “outperform” rating for the company in a research report on Monday, April 27th. Wall Street Zen raised TKO Group from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Citigroup cut TKO Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. UBS Group raised their price objective on TKO Group from $235.00 to $238.00 and gave the company a “buy” rating in a research report on Thursday, February 26th. Finally, Citizens Jmp initiated coverage on TKO Group in a research report on Monday, March 30th. They issued a “mkt outperform” rating and a $240.00 price objective for the company. Eleven equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $233.73.

TKO Group 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.