Jag Capital Management LLC Purchases 3,990 Shares of TKO Group Holdings, Inc. $TKO

Jag Capital Management LLC increased its position in TKO Group Holdings, Inc. (NYSE:TKO) by 5.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 75,551 shares of the company’s stock after buying an additional 3,990 shares during the quarter. TKO Group accounts for approximately 1.7% of Jag Capital Management LLC’s holdings, making the stock its 22nd biggest holding. Jag Capital Management LLC’s holdings in TKO Group were worth $15,235,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of TKO. Elyxium Wealth LLC purchased a new stake in shares of TKO Group during the fourth quarter worth about $27,000. Torren Management LLC purchased a new position in TKO Group during the 4th quarter valued at about $32,000. CYBER HORNET ETFs LLC purchased a new position in TKO Group during the 2nd quarter valued at about $34,000. Aventura Private Wealth LLC bought a new position in TKO Group during the 4th quarter valued at approximately $35,000. Finally, MUFG Securities EMEA plc bought a new position in TKO Group during the 2nd quarter valued at approximately $36,000. Hedge funds and other institutional investors own 89.79% of the company’s stock.

Insider Activity

In other TKO Group news, Director Nick Khan sold 9,589 shares of the firm’s stock in a transaction dated Monday, July 13th. The shares were sold at an average price of $182.63, for a total transaction of $1,751,239.07. Following the completion of the sale, the director directly owned 72,013 shares in the company, valued at approximately $13,151,734.19. This trade represents a 11.75% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Mark S. Shapiro purchased 10,807 shares of TKO Group stock in a transaction that occurred on Wednesday, May 13th. The shares were purchased at an average cost of $185.05 per share, with a total value of $1,999,835.35. Following the transaction, the insider directly owned 129,207 shares of the company’s stock, valued at $23,909,755.35. This represents a 9.13% increase in their ownership of the stock. 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. Over the last 90 days, insiders purchased 24,308 shares of company stock valued at $4,499,679 and sold 28,696 shares valued at $5,511,785. 64.30% of the stock is owned by insiders.

TKO Group Price Performance

TKO stock opened at $184.75 on Friday. The firm has a 50 day moving average price of $196.38 and a 200-day moving average price of $199.50. TKO Group Holdings, Inc. has a 52-week low of $152.29 and a 52-week high of $226.94. The firm has a market capitalization of $35.86 billion, a price-to-earnings ratio of 68.94 and a beta of 0.60. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.34 and a current ratio of 1.34.

TKO Group (NYSE:TKO) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $1.12 earnings per share for the quarter, topping the consensus estimate 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 the consensus estimate of $1.59 billion. During the same quarter in the prior year, the business posted $0.69 EPS. The firm’s quarterly revenue was up 25.9% compared to the same quarter last year. Equities research analysts forecast that TKO Group Holdings, Inc. will post 4.95 EPS for the current fiscal year.

TKO Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were given a dividend of $0.79 per share. This is a positive change from TKO Group’s previous quarterly dividend of $0.78. The ex-dividend date of this dividend was Monday, June 15th. This represents a $3.16 annualized dividend and a yield of 1.7%. TKO Group’s payout ratio is currently 117.91%.

Wall Street Analyst Weigh In

Several research firms have weighed in on TKO. Sanford C. Bernstein dropped their price objective on TKO Group from $250.00 to $240.00 and set an “outperform” rating for the company in a report on Monday, April 27th. Citigroup lowered TKO Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. Weiss Ratings upgraded shares of TKO Group from a “hold (c-)” rating to a “hold (c+)” rating in a report on Thursday, May 7th. Zacks Research raised shares of TKO Group from a “strong sell” rating to a “hold” rating in a research report on Monday, April 6th. Finally, Citizens Jmp assumed coverage on shares of TKO Group in a report on Monday, March 30th. They issued a “mkt outperform” rating and a $240.00 price objective for the company. Eleven research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, TKO Group has a consensus rating of “Moderate Buy” and an average price target of $234.07.

TKO Group Company 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.