California State Teachers Retirement System Has $15.79 Million Stake in TKO Group Holdings, Inc. $TKO

California State Teachers Retirement System lifted its holdings in TKO Group Holdings, Inc. (NYSE:TKO - Free Report) by 18.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 78,289 shares of the company's stock after acquiring an additional 12,229 shares during the quarter. California State Teachers Retirement System's holdings in TKO Group were worth $15,787,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Hawk Ridge Capital Management LP increased its holdings in TKO Group by 16.5% during the 1st quarter. Hawk Ridge Capital Management LP now owns 413,641 shares of the company's stock valued at $83,411,000 after purchasing an additional 58,604 shares in the last quarter. Quantinno Capital Management LP boosted its stake in TKO Group by 19.4% in the first quarter. Quantinno Capital Management LP now owns 63,928 shares of the company's stock worth $12,891,000 after purchasing an additional 10,368 shares in the last quarter. Delta Global Management LP acquired a new position in TKO Group in the first quarter worth $2,461,000. Healthcare of Ontario Pension Plan Trust Fund grew its holdings in shares of TKO Group by 58.9% during the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 4,164 shares of the company's stock worth $840,000 after purchasing an additional 1,544 shares during the last quarter. Finally, Public Employees Retirement System of Ohio grew its holdings in shares of TKO Group by 101.3% during the first quarter. Public Employees Retirement System of Ohio now owns 44,220 shares of the company's stock worth $8,917,000 after purchasing an additional 22,249 shares during the last quarter. 89.79% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

TKO has been the subject of a number of research analyst reports. Wall Street Zen raised TKO Group from a "sell" rating to a "hold" rating in a report on Saturday, May 9th. Sanford C. Bernstein decreased their price objective on shares of TKO Group from $240.00 to $235.00 and set an "outperform" rating on the stock in a report on Tuesday, July 28th. Roth Capital set a $228.00 price objective on shares of TKO Group in a report on Monday, May 4th. JPMorgan Chase & Co. lowered their price objective on shares of TKO Group from $225.00 to $222.00 and set an "overweight" rating for the company in a research report on Tuesday, July 21st. Finally, Weiss Ratings raised shares of TKO Group from a "hold (c-)" rating to a "hold (c+)" rating in a research note on Thursday, May 7th. Eleven analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $233.53.

Insider Transactions at TKO Group

In other TKO Group news, Director Nick Khan sold 12,998 shares of the company's stock in a transaction dated Tuesday, July 21st. The shares were sold at an average price of $181.11, for a total transaction of $2,354,067.78. Following the transaction, the director directly owned 48,933 shares in the company, valued at approximately $8,862,255.63. This represents a 20.99% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Andrew M. Schleimer purchased 2,696 shares of the stock in a transaction dated Wednesday, May 13th. The shares were acquired at an average price of $185.44 per share, with a total value of $499,946.24. Following the transaction, the chief financial officer owned 30,240 shares in the company, valued at $5,607,705.60. This trade represents a 9.79% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders bought 24,308 shares of company stock valued at $4,499,679 and sold 42,257 shares valued at $7,946,068. 64.30% of the stock is currently owned by insiders.

TKO Group Stock Up 0.0%

NYSE TKO opened at $181.90 on Monday. The stock has a market capitalization of $35.31 billion, a P/E ratio of 67.87 and a beta of 0.63. TKO Group Holdings, Inc. has a 52 week low of $152.29 and a 52 week high of $226.94. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.34 and a current ratio of 1.34. The stock has a fifty day moving average of $194.93 and a 200-day moving average of $197.73.

TKO Group (NYSE:TKO - Get Free Report) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.11 by $0.01. The business had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.59 billion. TKO Group had a return on equity of 2.49% and a net margin of 4.47%.The firm's revenue for the quarter was up 25.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.69 earnings per share. On average, equities research analysts forecast that TKO Group Holdings, Inc. will post 4.92 EPS for the current year.

TKO Group Increases Dividend

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

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.

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