Louisiana State Employees Retirement System Has $550,000 Holdings in TKO Group Holdings, Inc. (NYSE:TKO)

Louisiana State Employees Retirement System decreased its position in shares of TKO Group Holdings, Inc. (NYSE:TKO - Free Report) by 80.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,600 shares of the company's stock after selling 14,900 shares during the period. Louisiana State Employees Retirement System's holdings in TKO Group were worth $550,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Sentry Investment Management LLC acquired a new stake in TKO Group during the 1st quarter valued at $25,000. Bartlett & CO. Wealth Management LLC bought a new stake in shares of TKO Group during the first quarter worth $27,000. Farther Finance Advisors LLC increased its stake in shares of TKO Group by 129.8% in the first quarter. Farther Finance Advisors LLC now owns 216 shares of the company's stock valued at $33,000 after buying an additional 122 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its holdings in shares of TKO Group by 229.7% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 244 shares of the company's stock valued at $37,000 after buying an additional 170 shares during the last quarter. Finally, Financial Gravity Asset Management Inc. bought a new position in shares of TKO Group in the first quarter valued at about $38,000. Institutional investors own 89.79% of the company's stock.

Analysts Set New Price Targets

Several research firms have weighed in on TKO. The Goldman Sachs Group raised their price objective on shares of TKO Group from $170.00 to $188.00 and gave the company a "buy" rating in a research report on Monday, May 12th. Sanford C. Bernstein initiated coverage on shares of TKO Group in a report on Wednesday, June 4th. They issued an "outperform" rating and a $190.00 price target for the company. Guggenheim boosted their price objective on shares of TKO Group from $175.00 to $190.00 and gave the stock a "buy" rating in a research report on Friday, May 9th. JPMorgan Chase & Co. increased their price objective on TKO Group from $158.00 to $182.00 and gave the company an "overweight" rating in a research report on Wednesday, May 21st. Finally, Susquehanna initiated coverage on TKO Group in a research report on Monday, April 28th. They set a "positive" rating and a $180.00 target price for the company. Three analysts have rated the stock with a hold rating, eleven 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 a consensus price target of $171.33.

TKO Group Stock Performance

Shares of NYSE:TKO opened at $170.65 on Monday. The firm's 50 day simple moving average is $167.95 and its 200 day simple moving average is $158.32. TKO Group Holdings, Inc. has a fifty-two week low of $102.46 and a fifty-two week high of $182.60. The company has a market capitalization of $33.77 billion, a price-to-earnings ratio of 86.62 and a beta of 0.73. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.25 and a quick ratio of 1.25.

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

TKO Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were paid a $0.38 dividend. The ex-dividend date of this dividend was Friday, June 13th. This represents a $1.52 dividend on an annualized basis and a yield of 0.89%. TKO Group's payout ratio is 77.16%.

Insider Buying and Selling at TKO Group

In other news, 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 value of $1,508,380.74. Following the completion of the transaction, the director owned 210,967 shares in the company, valued at $33,429,830.82. This represents a 4.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Lake West Voteco L.L.C Silver acquired 1,579,080 shares of the stock in a transaction dated Tuesday, June 3rd. The shares were bought at an average cost of $158.32 per share, with a total value of $249,999,945.60. Following the transaction, the insider directly owned 4,158,517 shares of the company's stock, valued at $658,376,411.44. This represents a 61.22% 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.

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.

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