Jefferies Financial Group Inc. Buys New Shares in TKO Group Holdings, Inc. (NYSE:TKO)

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

Other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of TKO Group by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 6,681,087 shares of the company's stock valued at $949,449,000 after acquiring an additional 114,096 shares in the last quarter. Ninety One UK Ltd increased its stake in TKO Group by 4.1% during the fourth quarter. Ninety One UK Ltd now owns 4,151,608 shares of the company's stock valued at $589,985,000 after purchasing an additional 163,980 shares during the last quarter. Independent Franchise Partners LLP raised its holdings in shares of TKO Group by 7.4% during the fourth quarter. Independent Franchise Partners LLP now owns 3,409,140 shares of the company's stock worth $484,473,000 after purchasing an additional 235,420 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in shares of TKO Group by 2.8% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,752,496 shares of the company's stock valued at $249,047,000 after buying an additional 47,768 shares during the period. Finally, Ameriprise Financial Inc. raised its stake in TKO Group by 57.3% during the fourth quarter. Ameriprise Financial Inc. now owns 1,678,258 shares of the company's stock worth $238,574,000 after acquiring an additional 611,178 shares during the period. 89.79% of the stock is owned by institutional investors and hedge funds.

TKO Group Stock Performance

Shares of NYSE:TKO traded up $2.86 during trading on Wednesday, reaching $165.97. 816,269 shares of the stock were exchanged, compared to its average volume of 1,114,154. The firm has a market cap of $32.85 billion, a PE ratio of -395.17 and a beta of 0.73. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.34. TKO Group Holdings, Inc. has a 12 month low of $100.76 and a 12 month high of $179.09. The stock has a 50-day moving average price of $156.04 and a 200-day moving average price of $151.06.

TKO Group (NYSE:TKO - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported $0.69 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.55 by $0.14. The firm had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.07 billion. TKO Group had a negative net margin of 1.26% and a positive return on equity of 3.39%. The business's revenue was up 3.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($1.26) EPS. Research analysts expect that TKO Group Holdings, Inc. will post 3.88 EPS for the current fiscal year.

TKO Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be issued a $0.38 dividend. The ex-dividend date is Friday, June 13th. This represents a $1.52 dividend on an annualized basis and a yield of 0.92%. TKO Group's payout ratio is presently 77.16%.

Insider Buying and Selling at TKO Group

In other news, Director Jonathan Kraft bought 3,500 shares of the company's stock in a transaction on Friday, March 7th. The shares were purchased at an average price of $140.69 per share, with a total value of $492,415.00. Following the transaction, the director now directly owns 23,500 shares in the company, valued at $3,306,215. This represents a 17.50% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Nick Khan sold 9,519 shares of the company's stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $158.46, for a total transaction of $1,508,380.74. Following the sale, the director now owns 210,967 shares in the company, valued at $33,429,830.82. The trade was a 4.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders bought 1,582,813 shares of company stock worth $250,525,663. 61.30% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Guggenheim increased their target price on TKO Group from $175.00 to $190.00 and gave the stock a "buy" rating in a research report on Friday, May 9th. 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 target for the company. The Goldman Sachs Group increased their price objective 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. Sanford C. Bernstein started coverage on shares of TKO Group in a research note on Wednesday. They set an "outperform" rating and a $190.00 target price for the company. Finally, Seaport Res Ptn upgraded shares of TKO Group from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, March 4th. Two analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $168.08.

About TKO Group

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.