7,900 Shares in TKO Group Holdings, Inc. (NYSE:TKO) Acquired by South Dakota Investment Council

South Dakota Investment Council bought a new stake in TKO Group Holdings, Inc. (NYSE:TKO - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 7,900 shares of the company's stock, valued at approximately $1,207,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Focus Partners Advisor Solutions LLC raised its holdings in shares of TKO Group by 3.6% in the 4th quarter. Focus Partners Advisor Solutions LLC now owns 1,835 shares of the company's stock valued at $261,000 after purchasing an additional 63 shares in the last quarter. Bessemer Group Inc. lifted its holdings in TKO Group by 0.3% during the 4th quarter. Bessemer Group Inc. now owns 26,174 shares of the company's stock worth $3,720,000 after buying an additional 78 shares during the last quarter. Simon Quick Advisors LLC boosted its position in shares of TKO Group by 1.1% during the 1st quarter. Simon Quick Advisors LLC now owns 7,558 shares of the company's stock worth $1,155,000 after acquiring an additional 82 shares in the last quarter. Coldstream Capital Management Inc. increased its holdings in shares of TKO Group by 2.9% in the 4th quarter. Coldstream Capital Management Inc. now owns 3,160 shares of the company's stock valued at $449,000 after acquiring an additional 90 shares during the last quarter. Finally, Utah Retirement Systems increased its holdings in shares of TKO Group by 2.4% in the 4th quarter. Utah Retirement Systems now owns 4,300 shares of the company's stock valued at $611,000 after acquiring an additional 100 shares during the last quarter. Institutional investors and hedge funds own 89.79% of the company's stock.

TKO Group Stock Performance

Shares of TKO stock opened at $170.65 on Monday. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.29. The stock has a 50 day simple moving average of $167.95 and a 200-day simple moving average of $158.32. The company has a market cap of $33.77 billion, a price-to-earnings ratio of 86.62 and a beta of 0.73. TKO Group Holdings, Inc. has a 12-month low of $102.46 and a 12-month high of $182.60.

TKO Group (NYSE:TKO - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.69 earnings per share for the quarter, topping analysts' consensus estimates of $0.55 by $0.14. TKO Group had a net margin of 4.98% and a return on equity of 2.52%. The business had revenue of $1.27 billion for the quarter, compared to analysts' expectations of $1.07 billion. During the same period in the prior year, the company posted ($1.26) EPS. The business's revenue for the quarter was up 3.8% on a year-over-year basis. On average, equities analysts forecast that TKO Group Holdings, Inc. will post 3.88 EPS for the current year.

TKO Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 0.89%. The ex-dividend date of this dividend was Friday, June 13th. TKO Group's dividend payout ratio (DPR) is presently 77.16%.

Insider Buying and Selling

In related news, Director Nick Khan sold 9,519 shares of TKO Group stock in a transaction that occurred on Thursday, July 3rd. The stock was sold at an average price of $176.96, for a total transaction of $1,684,482.24. Following the completion of the transaction, the director directly owned 201,665 shares in the company, valued at $35,686,638.40. The trade was a 4.51% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Peter C. B. Bynoe acquired 980 shares of the business's stock in a transaction dated Thursday, June 5th. The stock was purchased at an average cost of $169.59 per share, with a total value of $166,198.20. Following the transaction, the director owned 2,747 shares of the company's stock, valued at approximately $465,863.73. The trade was a 55.46% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 61.30% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on TKO. Northcoast Research downgraded TKO Group from a "buy" rating to a "neutral" rating in a report on Thursday, July 10th. Susquehanna began coverage on shares of TKO Group in a report on Monday, April 28th. They issued a "positive" rating and a $180.00 target price for the company. Guggenheim lifted their price target on shares of TKO Group from $175.00 to $190.00 and gave the stock a "buy" rating in a research note on Friday, May 9th. The Goldman Sachs Group upped their price objective on shares of TKO Group from $170.00 to $188.00 and gave the company a "buy" rating in a research note on Monday, May 12th. Finally, Sanford C. Bernstein assumed coverage on TKO Group in a research report on Wednesday, June 4th. They set an "outperform" rating and a $190.00 target price on the stock. Three 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. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $171.33.

TKO Group 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.

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