TKO Group Holdings, Inc. (NYSE:TKO) Shares Sold by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky reduced its stake in shares of TKO Group Holdings, Inc. (NYSE:TKO - Free Report) by 45.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,528 shares of the company's stock after selling 8,600 shares during the quarter. Teachers Retirement System of The State of Kentucky's holdings in TKO Group were worth $1,609,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in TKO. Sentry Investment Management LLC purchased a new position in shares of TKO Group during the first quarter valued at approximately $25,000. Bartlett & CO. Wealth Management LLC purchased a new stake in shares of TKO Group in the first quarter valued at approximately $27,000. Farther Finance Advisors LLC boosted its holdings 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 purchasing an additional 122 shares during the period. MassMutual Private Wealth & Trust FSB boosted 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 purchasing an additional 170 shares during the period. Finally, Financial Gravity Asset Management Inc. purchased a new stake in shares of TKO Group in the first quarter valued at approximately $38,000. 89.79% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

TKO has been the subject of a number of research reports. Sanford C. Bernstein started coverage on TKO Group in a report on Wednesday, June 4th. They issued an "outperform" rating and a $190.00 price target for the company. Guggenheim increased their price objective on TKO Group from $175.00 to $190.00 and gave the company a "buy" rating in a report on Friday, May 9th. Northcoast Research lowered TKO Group from a "buy" rating to a "neutral" rating in a report on Thursday, July 10th. JPMorgan Chase & Co. upped their target price 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, The Goldman Sachs Group upped their target price on TKO Group from $170.00 to $188.00 and gave the company a "buy" rating in a research report on Monday, May 12th. Three equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $171.33.

Insider Buying and Selling at TKO Group

In other news, major shareholder Lake West Voteco L.L.C Silver purchased 1,579,080 shares of the firm's stock in a transaction dated Tuesday, June 3rd. The shares were acquired at an average price of $158.32 per share, with a total value of $249,999,945.60. Following the purchase, the insider directly owned 4,158,517 shares of the company's stock, valued at $658,376,411.44. The trade was a 61.22% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Nick Khan sold 45,168 shares of the firm's stock in a transaction that occurred on Monday, July 21st. The stock was sold at an average price of $170.82, for a total transaction of $7,715,597.76. Following the transaction, the director directly owned 156,494 shares of the company's stock, valued at approximately $26,732,305.08. This trade represents a 22.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 73,725 shares of company stock worth $12,501,561 over the last 90 days. Corporate insiders own 61.30% of the company's stock.

TKO Group Price Performance

TKO Group stock traded up $2.05 during midday trading on Friday, reaching $170.05. The company had a trading volume of 608,974 shares, compared to its average volume of 850,214. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.25 and a quick ratio of 1.25. The firm's fifty day simple moving average is $168.55 and its 200-day simple moving average is $159.00. TKO Group Holdings, Inc. has a 12-month low of $102.46 and a 12-month high of $182.60. The company has a market capitalization of $33.65 billion, a P/E ratio of 86.32 and a beta of 0.73.

TKO Group (NYSE:TKO - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.69 earnings per share (EPS) 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 during the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter last year, the firm earned ($1.26) EPS. The business's revenue was up 3.8% compared to the same quarter last year. As a group, equities analysts anticipate that TKO Group Holdings, Inc. will post 3.88 EPS for the current year.

TKO Group Dividend Announcement

The business also recently disclosed 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 was Friday, June 13th. This represents a $1.52 annualized dividend and a yield of 0.89%. TKO Group's dividend payout ratio 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.