Jefferies Financial Group Inc. Takes Position in TKO Group Holdings, Inc. (NYSE:TKO)

Jefferies Financial Group Inc. acquired a new stake in TKO Group Holdings, Inc. (NYSE:TKO - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 3,518 shares of the company's stock, valued at approximately $500,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of TKO. Norges Bank acquired a new position in shares of TKO Group during the 4th quarter worth about $104,613,000. Ameriprise Financial Inc. grew its holdings in TKO Group by 57.3% during the fourth quarter. Ameriprise Financial Inc. now owns 1,678,258 shares of the company's stock valued at $238,574,000 after purchasing an additional 611,178 shares during the period. Arrowstreet Capital Limited Partnership acquired a new position in TKO Group during the fourth quarter valued at approximately $54,778,000. Marshall Wace LLP increased its stake in TKO Group by 98.5% in the fourth quarter. Marshall Wace LLP now owns 726,058 shares of the company's stock valued at $103,180,000 after purchasing an additional 360,236 shares in the last quarter. Finally, Alliancebernstein L.P. raised its holdings in TKO Group by 277.4% in the fourth quarter. Alliancebernstein L.P. now owns 343,671 shares of the company's stock worth $48,839,000 after purchasing an additional 252,613 shares during the period. 89.79% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on TKO shares. Benchmark reaffirmed a "hold" rating on shares of TKO Group in a research report on Monday, March 3rd. The Goldman Sachs Group raised their target price on shares of TKO Group from $170.00 to $188.00 and gave the stock a "buy" rating in a report on Monday, May 12th. Seaport Res Ptn upgraded shares of TKO Group from a "hold" rating to a "strong-buy" rating in a report on Tuesday, March 4th. Susquehanna assumed coverage on shares of TKO Group in a research report on Monday, April 28th. They set a "positive" rating and a $180.00 price objective for the company. Finally, Pivotal Research reaffirmed a "buy" rating and issued a $195.00 target price (up from $145.00) on shares of TKO Group in a research note on Thursday, February 27th. Two research 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 stock. According to MarketBeat.com, TKO Group currently has a consensus rating of "Moderate Buy" and an average price target of $164.25.

TKO Group Trading Down 0.8%

Shares of TKO stock traded down $1.27 during trading hours on Tuesday, hitting $162.72. 486,669 shares of the company's stock traded hands, compared to its average volume of 1,106,035. The stock has a market cap of $27.85 billion, a PE ratio of -387.43 and a beta of 0.73. TKO Group Holdings, Inc. has a 12 month low of $100.76 and a 12 month high of $179.09. The stock's 50 day simple moving average is $153.43 and its 200 day simple moving average is $148.06. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.34.

TKO Group (NYSE:TKO - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.55 by $0.14. The company had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.07 billion. TKO Group had a positive return on equity of 3.39% and a negative net margin of 1.26%. The firm's revenue for the quarter was up 3.8% compared to the same quarter last year. During the same period last year, the business posted ($1.26) EPS. On average, sell-side analysts anticipate that TKO Group Holdings, Inc. will post 3.88 EPS for the current year.

TKO Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date was Friday, March 14th. TKO Group's payout ratio is currently 77.16%.

Insiders Place Their Bets

In other TKO Group news, Director Jonathan Kraft bought 3,500 shares of the stock in a transaction dated Friday, March 7th. The stock was purchased at an average cost of $140.69 per share, for a total transaction of $492,415.00. Following the completion of the acquisition, the director now owns 23,500 shares of the company's stock, valued at approximately $3,306,215. This trade represents a 17.50% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Sonya E. Medina acquired 233 shares of TKO Group stock in a transaction that occurred on Monday, March 17th. The shares were purchased at an average price of $142.93 per share, with a total value of $33,302.69. Following the transaction, the director now owns 2,000 shares of the company's stock, valued at $285,860. The trade was a 13.19% increase in their position. The disclosure for this purchase can be found here. Insiders purchased a total of 23,733 shares of company stock worth $3,561,318 in the last quarter. 61.30% of the stock is owned by company insiders.

TKO Group Company Profile

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.