New York State Common Retirement Fund Sells 1,500 Shares of TKO Group Holdings, Inc. (NYSE:TKO)

New York State Common Retirement Fund lessened its stake in TKO Group Holdings, Inc. (NYSE:TKO - Free Report) by 3.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 42,426 shares of the company's stock after selling 1,500 shares during the period. New York State Common Retirement Fund's holdings in TKO Group were worth $6,483,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Envestnet Portfolio Solutions Inc. grew its position in shares of TKO Group by 46.3% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 4,997 shares of the company's stock valued at $710,000 after acquiring an additional 1,582 shares during the period. Corient Private Wealth LLC grew its position in shares of TKO Group by 2.8% during the 4th quarter. Corient Private Wealth LLC now owns 4,118 shares of the company's stock valued at $585,000 after acquiring an additional 112 shares during the period. Thrivent Financial for Lutherans grew its position in shares of TKO Group by 207.7% during the 4th quarter. Thrivent Financial for Lutherans now owns 48,020 shares of the company's stock valued at $6,824,000 after acquiring an additional 32,412 shares during the period. Xponance Inc. grew its position in shares of TKO Group by 7.4% during the 4th quarter. Xponance Inc. now owns 9,244 shares of the company's stock valued at $1,314,000 after acquiring an additional 638 shares during the period. Finally, Teacher Retirement System of Texas grew its position in shares of TKO Group by 552.9% during the 4th quarter. Teacher Retirement System of Texas now owns 33,964 shares of the company's stock valued at $4,827,000 after acquiring an additional 28,762 shares during the period. Institutional investors own 89.79% of the company's stock.

Analysts Set New Price Targets

TKO has been the topic of a number of analyst reports. The Goldman Sachs Group lifted their target price 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. Guggenheim lifted their target price on shares of TKO Group from $175.00 to $190.00 and gave the company a "buy" rating in a research note on Friday, May 9th. Sanford C. Bernstein initiated coverage on shares of TKO Group in a research note on Wednesday, June 4th. They set an "outperform" rating and a $190.00 target price on the stock. Susquehanna initiated coverage on shares of TKO Group in a research note on Monday, April 28th. They set a "positive" rating and a $180.00 target price on the stock. Finally, JPMorgan Chase & Co. lifted their target price on shares of TKO Group from $158.00 to $182.00 and gave the company an "overweight" rating in a research note on Wednesday, May 21st. Three investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $171.33.

Insider Transactions at TKO Group

In related news, Director Nick Khan sold 9,519 shares of the company's stock in a transaction dated Thursday, July 3rd. The shares were sold at an average price of $176.96, for a total transaction of $1,684,482.24. Following the transaction, the director directly owned 201,665 shares in the company, valued at approximately $35,686,638.40. This represents a 4.51% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Lake West Voteco L.L.C Silver purchased 1,579,080 shares of the business's stock in a transaction that occurred on Tuesday, June 3rd. The shares were purchased at an average price of $158.32 per share, for a total transaction of $249,999,945.60. Following the completion of the acquisition, the insider directly owned 4,158,517 shares in the company, valued at $658,376,411.44. The trade was a 61.22% increase in their position. The disclosure for this purchase can be found here. Insiders own 61.30% of the company's stock.

TKO Group Stock Up 0.8%

Shares of TKO stock opened at $170.65 on Monday. The stock has a market cap of $33.77 billion, a P/E ratio of 86.62 and a beta of 0.73. TKO Group Holdings, Inc. has a 52 week low of $102.46 and a 52 week high of $182.60. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.29. The company's fifty day simple moving average is $167.95 and its two-hundred day simple moving average is $158.32.

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 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 firm had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same period in the previous year, the firm posted ($1.26) EPS. The business's quarterly revenue was up 3.8% on a year-over-year basis. Analysts predict that TKO Group Holdings, Inc. will post 3.88 EPS for the current fiscal year.

TKO Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were issued 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 dividend yield of 0.89%. TKO Group's dividend payout ratio (DPR) is presently 77.16%.

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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