Jag Capital Management LLC Raises Position in TKO Group Holdings, Inc. $TKO

Jag Capital Management LLC increased its stake in TKO Group Holdings, Inc. (NYSE:TKO) by 5.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 75,551 shares of the company’s stock after purchasing an additional 3,990 shares during the quarter. TKO Group makes up approximately 1.7% of Jag Capital Management LLC’s portfolio, 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.

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

TKO Group Stock Performance

Shares of TKO opened at $184.75 on Friday. TKO Group Holdings, Inc. has a 12-month low of $152.29 and a 12-month high of $226.94. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.57. The company has a market cap of $35.86 billion, a PE ratio of 68.94 and a beta of 0.60. The stock has a 50-day moving average price of $196.38 and a 200-day moving average price of $199.50.

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 net margin of 4.47% and a return on equity of 2.49%. The business had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.59 billion. During the same quarter in the previous year, the company earned $0.69 EPS. The business’s quarterly revenue was up 25.9% compared to the same quarter last year. As a group, equities analysts forecast that TKO Group Holdings, Inc. will post 4.95 earnings per share for the current fiscal year.

TKO Group Increases Dividend

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

Insider Transactions at TKO Group

In other news, insider Mark S. Shapiro purchased 10,807 shares of the company’s stock in a transaction on Wednesday, May 13th. The stock was purchased at an average price of $185.05 per share, with a total value of $1,999,835.35. Following the completion of the purchase, the insider directly owned 129,207 shares in the company, valued at approximately $23,909,755.35. This trade represents a 9.13% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Nick Khan sold 9,589 shares of the stock in a transaction dated Monday, July 13th. The shares were sold at an average price of $182.63, for a total value of $1,751,239.07. Following the transaction, the director owned 72,013 shares in the company, valued at $13,151,734.19. This trade represents a 11.75% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have acquired 24,308 shares of company stock worth $4,499,679 and have sold 28,696 shares worth $5,511,785. Corporate insiders own 64.30% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on TKO. Wall Street Zen upgraded TKO Group from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Guggenheim reduced their price target on TKO Group from $232.00 to $230.00 and set a “buy” rating for the company in a research report on Wednesday. BTIG Research reiterated a “buy” rating and set a $237.00 price objective on shares of TKO Group in a research note on Thursday, May 7th. Sanford C. Bernstein dropped their price objective on TKO Group from $250.00 to $240.00 and set an “outperform” rating on the stock in a report on Monday, April 27th. Finally, Citizens Jmp began coverage on TKO Group in a research note on Monday, March 30th. They issued a “mkt outperform” rating and a $240.00 target price for the company. Eleven equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $234.07.

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.