Blue Jean Financial LLC Purchases New Position in TKO Group Holdings, Inc. $TKO

Blue Jean Financial LLC purchased a new stake in TKO Group Holdings, Inc. (NYSE:TKO) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 8,908 shares of the company’s stock, valued at approximately $1,862,000. TKO Group makes up 1.5% of Blue Jean Financial LLC’s investment portfolio, making the stock its 21st largest holding.

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

Insider Buying and Selling

In related news, CFO Andrew M. Schleimer acquired 2,696 shares of the business’s stock in a transaction dated Wednesday, May 13th. The shares were acquired at an average price of $185.44 per share, with a total value of $499,946.24. Following the completion of the transaction, the chief financial officer owned 30,240 shares of the company’s stock, valued at $5,607,705.60. The trade was a 9.79% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Ariel Emanuel acquired 10,805 shares of the business’s stock in a transaction dated Wednesday, May 13th. The shares were bought at an average cost of $185.09 per share, for a total transaction of $1,999,897.45. Following the transaction, the chief executive officer directly owned 154,655 shares of the company’s stock, valued at approximately $28,625,093.95. This trade represents a 7.51% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders acquired a total of 24,308 shares of company stock worth $4,499,679 over the last ninety days. Insiders own 64.30% of the company’s stock.

TKO Group Stock Down 4.8%

NYSE:TKO opened at $203.42 on Friday. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.57. The stock’s fifty day moving average is $193.73 and its two-hundred day moving average is $200.73. TKO Group Holdings, Inc. has a 52 week low of $152.29 and a 52 week high of $226.94. The stock has a market capitalization of $39.49 billion, a price-to-earnings ratio of 75.90 and a beta of 0.59.

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

TKO Group Increases Dividend

The business also recently disclosed 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. This is an increase 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%. The ex-dividend date of this dividend is Monday, June 15th. TKO Group’s dividend payout ratio is currently 116.42%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on TKO shares. Pivotal Research lifted their price objective on TKO Group from $235.00 to $250.00 and gave the stock a “buy” rating in a report on Thursday, February 26th. Wall Street Zen upgraded TKO Group from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Wolfe Research restated a “peer perform” rating on shares of TKO Group in a report on Thursday, March 5th. Roth Mkm set a $228.00 target price on TKO Group in a report on Monday, May 4th. Finally, Weiss Ratings upgraded TKO Group from a “hold (c-)” rating to a “hold (c+)” rating 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. Based on data from MarketBeat, the company currently 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.