TKO Group Holdings, Inc. (NYSE:TKO) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System lessened its stake in TKO Group Holdings, Inc. (NYSE:TKO - Free Report) by 15.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,210 shares of the company's stock after selling 7,385 shares during the period. New York State Teachers Retirement System's holdings in TKO Group were worth $5,992,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Sentry Investment Management LLC acquired a new position in TKO Group in the first quarter valued at $25,000. Smartleaf Asset Management LLC boosted its stake in shares of TKO Group by 559.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 178 shares of the company's stock worth $26,000 after buying an additional 151 shares during the period. Bartlett & CO. Wealth Management LLC acquired a new stake in shares of TKO Group during the first quarter worth about $27,000. Farther Finance Advisors LLC boosted its stake in shares of TKO Group by 129.8% during the first quarter. Farther Finance Advisors LLC now owns 216 shares of the company's stock worth $33,000 after buying an additional 122 shares during the period. Finally, MassMutual Private Wealth & Trust FSB boosted its stake in shares of TKO Group by 229.7% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 244 shares of the company's stock worth $37,000 after buying an additional 170 shares during the period. Institutional investors and hedge funds own 89.79% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on TKO shares. Guggenheim increased their target price on shares of TKO Group from $175.00 to $190.00 and gave the stock a "buy" rating in a research note on Friday, May 9th. Sanford C. Bernstein started 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 for the company. The Goldman Sachs Group increased their target price on shares of TKO Group from $170.00 to $188.00 and gave the stock a "buy" rating in a research note on Monday, May 12th. Susquehanna started 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 for the company. Finally, JPMorgan Chase & Co. increased their target price on shares of TKO Group from $158.00 to $182.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 21st. Two investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $168.08.

Insider Buying and Selling

In other news, Director Peter C. B. Bynoe bought 980 shares of the firm's stock in a transaction that occurred on Thursday, June 5th. The shares were purchased at an average price of $169.59 per share, for a total transaction of $166,198.20. Following the completion of the transaction, the director owned 2,747 shares in the company, valued at $465,863.73. The trade was a 55.46% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Nick Khan sold 9,519 shares of the firm's stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $158.46, for a total transaction of $1,508,380.74. Following the sale, the director owned 210,967 shares in the company, valued at approximately $33,429,830.82. This trade represents a 4.32% decrease in their position. The disclosure for this sale can be found here. 61.30% of the stock is owned by company insiders.

TKO Group Price Performance

TKO Group stock traded down $4.42 during mid-day trading on Tuesday, reaching $171.92. The company had a trading volume of 210,633 shares, compared to its average volume of 1,117,827. TKO Group Holdings, Inc. has a 1 year low of $102.46 and a 1 year high of $182.60. 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 company has a market capitalization of $34.02 billion, a P/E ratio of 87.27 and a beta of 0.73. The stock's 50-day simple moving average is $166.92 and its 200-day simple moving average is $156.56.

TKO Group (NYSE:TKO - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $1.27 billion during the quarter, compared to analysts' expectations of $1.07 billion. During the same period last year, the company posted ($1.26) EPS. The company's revenue was up 3.8% on a year-over-year basis. On average, equities analysts predict that TKO Group Holdings, Inc. will post 3.88 EPS for the current year.

TKO Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were paid a dividend of $0.38 per share. The ex-dividend date was Friday, June 13th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 0.88%. TKO Group's dividend payout ratio (DPR) is 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.