California State Teachers Retirement System Purchases 15,368,026 Shares of TKO Group Holdings, Inc. $TKO

California State Teachers Retirement System lifted its position in shares of TKO Group Holdings, Inc. (NYSE:TKO - Free Report) by 19,629.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,446,315 shares of the company's stock after purchasing an additional 15,368,026 shares during the quarter. California State Teachers Retirement System owned approximately 8.16% of TKO Group worth $3,109,498,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of TKO. Amundi lifted its position in TKO Group by 338.7% in the first quarter. Amundi now owns 1,360 shares of the company's stock worth $205,000 after purchasing an additional 1,050 shares during the period. AQR Capital Management LLC increased its holdings in TKO Group by 10.7% in the 1st quarter. AQR Capital Management LLC now owns 7,222 shares of the company's stock valued at $1,083,000 after buying an additional 696 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in TKO Group by 4,722.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,777 shares of the company's stock valued at $1,341,000 after buying an additional 8,595 shares during the period. United Services Automobile Association acquired a new position in shares of TKO Group in the 1st quarter valued at $218,000. Finally, Geneos Wealth Management Inc. raised its stake in shares of TKO Group by 127.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 510 shares of the company's stock valued at $78,000 after buying an additional 286 shares in the last quarter. 89.79% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

TKO has been the subject of a number of analyst reports. Benchmark reaffirmed a "hold" rating on shares of TKO Group in a report on Tuesday, August 4th. JPMorgan Chase & Co. lowered their target price on shares of TKO Group from $225.00 to $222.00 and set an "overweight" rating on the stock in a research note on Tuesday, July 21st. Roth Capital reissued a "buy" rating and issued a $230.00 price target on shares of TKO Group in a research report on Tuesday, August 4th. Sanford C. Bernstein cut their price target on shares of TKO Group from $240.00 to $235.00 and set an "outperform" rating for the company in a research note on Tuesday, July 28th. Finally, BTIG Research reaffirmed a "buy" rating and set a $237.00 price objective on shares of TKO Group in a report on Tuesday, August 4th. Eleven equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. According to MarketBeat.com, TKO Group has a consensus rating of "Moderate Buy" and a consensus price target of $238.08.

Insider Activity

In other news, CEO Ariel Emanuel sold 24,702 shares of the firm's stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $194.39, for a total transaction of $4,801,821.78. Following the completion of the sale, the chief executive officer owned 174,334 shares of the company's stock, valued at approximately $33,888,786.26. This trade represents a 12.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Andrew M. Schleimer sold 9,942 shares of TKO Group stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $194.39, for a total transaction of $1,932,625.38. Following the completion of the transaction, the chief financial officer owned 38,051 shares of the company's stock, valued at $7,396,733.89. This trade represents a 20.72% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 110,815 shares of company stock valued at $21,206,289 in the last ninety days. 64.30% of the stock is currently owned by corporate insiders.

TKO Group Stock Performance

TKO Group stock opened at $189.24 on Friday. The firm has a market capitalization of $35.82 billion, a P/E ratio of 66.40 and a beta of 0.62. The stock has a fifty day moving average price of $188.30 and a two-hundred day moving average price of $194.58. TKO Group Holdings, Inc. has a 52-week low of $176.00 and a 52-week high of $226.94. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.28 and a quick ratio of 1.28.

TKO Group (NYSE:TKO - Get Free Report) last issued its earnings results on Monday, August 3rd. The company reported $1.34 EPS for the quarter, missing the consensus estimate of $1.41 by ($0.07). TKO Group had a net margin of 4.33% and a return on equity of 2.67%. The firm had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.54 billion. During the same quarter in the prior year, the firm posted $1.17 EPS. The firm's revenue for the quarter was up 18.2% on a year-over-year basis. As a group, analysts anticipate that TKO Group Holdings, Inc. will post 5.18 EPS for the current fiscal year.

TKO Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be given a $0.79 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $3.16 dividend on an annualized basis and a yield of 1.7%. TKO Group's payout ratio is 110.88%.

TKO Group Profile

TKO Group Holdings, Inc is a sports and entertainment company formed in 2023 through the combination of Endeavor Group Holdings' Ultimate Fighting Championship (UFC) and World Wrestling Entertainment (WWE) businesses. The company operates two globally recognized sports properties, producing live events and distributing related programming through television, streaming, digital media and other platforms.

UFC is a mixed martial arts organization that promotes events, develops athletes and licenses media rights, sponsorships, merchandise and other commercial products.

Want to see what other hedge funds are holding TKO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TKO Group Holdings, Inc. (NYSE:TKO - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.