Jmac Enterprises LLC Makes New $701,000 Investment in TKO Group Holdings, Inc. $TKO

Jmac Enterprises LLC acquired a new stake in shares of TKO Group Holdings, Inc. (NYSE:TKO) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm acquired 3,900 shares of the company’s stock, valued at approximately $701,000.

Several other institutional investors and hedge funds have also recently modified their holdings of TKO. Asset Management One Co. Ltd. boosted its holdings in TKO Group by 2.5% in the 3rd quarter. Asset Management One Co. Ltd. now owns 2,665 shares of the company’s stock worth $479,000 after buying an additional 64 shares during the period. Allworth Financial LP increased its stake in TKO Group by 12.2% in the 2nd quarter. Allworth Financial LP now owns 615 shares of the company’s stock worth $124,000 after buying an additional 67 shares in the last quarter. Wealthfront Advisers LLC raised its holdings in TKO Group by 4.0% during the first quarter. Wealthfront Advisers LLC now owns 2,324 shares of the company’s stock valued at $469,000 after acquiring an additional 89 shares during the period. Cornerstone Planning Group LLC raised its holdings in TKO Group by 543.5% during the first quarter. Cornerstone Planning Group LLC now owns 148 shares of the company’s stock valued at $28,000 after acquiring an additional 125 shares during the period. Finally, QRG Capital Management Inc. lifted its position in shares of TKO Group by 5.8% in the second quarter. QRG Capital Management Inc. now owns 2,812 shares of the company’s stock valued at $566,000 after acquiring an additional 155 shares in the last quarter. 89.79% of the stock is currently owned by institutional investors.

Key TKO Group News

Here are the key news stories impacting TKO Group this week:

• Positive Sentiment: TKO reported third-quarter adjusted earnings of $1.33 per share, above the $1.20 analyst consensus and up from $0.50 a year earlier. The company also raised its full-year guidance again. TKO Raises Guidance Again As UFC Powers Q3 Earnings
• Positive Sentiment: UFC revenue surged 60% year over year, helping drive the earnings beat; UFC generated $519.2 million in revenue during the quarter. Killer Q3 For UFC Helps TKO Beat Wall Street Earnings Forecasts
• Negative Sentiment: Revenue of $1.36 billion came in slightly below the $1.38 billion analyst estimate. Reports attributed the shortfall in part to a slowdown at WWE, which partially offset UFC’s strong performance. TKO Group Profit Jumps on Media Rights Revenue

Insider Transactions at TKO Group

In other TKO Group news, CFO Andrew M. Schleimer sold 9,942 shares of TKO Group stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $194.39, for a total value of $1,932,625.38. Following the sale, the chief financial officer owned 38,051 shares of the company’s stock, valued at $7,396,733.89. The trade was a 20.72% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Mark S. Shapiro sold 19,120 shares of TKO Group stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $194.39, for a total value of $3,716,736.80. Following the completion of the sale, the insider directly owned 147,071 shares in the company, valued at approximately $28,589,131.69. The trade was a 11.50% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 97,325 shares of company stock valued at $18,798,012 over the last three months. Corporate insiders own 64.30% of the company’s stock.

TKO Group Stock Performance

Shares of NYSE TKO opened at $193.25 on Thursday. The company has a market cap of $36.58 billion, a P/E ratio of 67.81 and a beta of 0.66. TKO Group Holdings, Inc. has a 52-week low of $170.14 and a 52-week high of $226.94. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.28 and a current ratio of 1.28. The firm’s fifty day moving average is $182.51 and its two-hundred day moving average is $193.25.

TKO Group (NYSE:TKO) last released its quarterly earnings data on Wednesday, November 4th. The company reported $1.33 EPS for the quarter, beating the consensus estimate of $1.20 by $0.13. The business had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.38 billion. TKO Group had a net margin of 4.33% and a return on equity of 2.67%. The business’s revenue was up 21.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.47 EPS. As a group, analysts anticipate that TKO Group Holdings, Inc. will post 4.43 EPS for the current fiscal year.

TKO Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th were given a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date was Tuesday, September 15th. TKO Group’s payout ratio is currently 110.88%.

Wall Street Analyst Weigh In

TKO has been the subject of a number of recent analyst reports. Benchmark reaffirmed a “hold” rating on shares of TKO Group in a research note on Tuesday, August 4th. Morgan Stanley lifted their target price on TKO Group from $225.00 to $230.00 and gave the company an “overweight” rating in a research note on Tuesday, August 4th. Susquehanna decreased their target price on TKO Group from $235.00 to $224.00 and set a “positive” rating on the stock in a research note on Friday, October 16th. Guggenheim lowered their price target on TKO Group from $235.00 to $228.00 and set a “buy” rating on the stock in a report on Tuesday, October 20th. Finally, Seaport Research Partners restated a “buy” rating on shares of TKO Group in a research note on Friday, October 9th. Fourteen investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $228.65.

About TKO Group

TKO Group Holdings, Inc is a sports and entertainment company that owns and operates UFC and WWE, two global combat-sports and sports-entertainment brands. UFC promotes mixed martial arts events, while WWE produces live and televised professional wrestling programming featuring its roster of performers, storylines and branded events.

In addition to its core properties, TKO provides related media, licensing, sponsorship, live-event and consumer-products opportunities. The company’s businesses serve audiences internationally through live events, broadcast and streaming distribution, digital content, merchandise and other commercial partnerships.

TKO was formed in 2023 through the combination of UFC and WWE under Endeavor Group Holdings.