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

New York State Teachers Retirement System cut its holdings in shares of TKO Group Holdings, Inc. (NYSE:TKO - Free Report) by 15.8% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm 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).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TKO. KBC Group NV raised its stake in shares of TKO Group by 5.9% during the 1st quarter. KBC Group NV now owns 3,085 shares of the company's stock valued at $471,000 after buying an additional 173 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. purchased a new stake in TKO Group in the 1st quarter worth approximately $464,000. Highland Capital Management LLC acquired a new stake in shares of TKO Group during the 1st quarter worth approximately $4,263,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of TKO Group during the 1st quarter worth approximately $1,163,000. Finally, Bartlett & CO. Wealth Management LLC purchased a new position in shares of TKO Group during the 1st quarter valued at approximately $27,000. 89.79% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at TKO Group

In other TKO Group news, Director Peter C. B. Bynoe purchased 980 shares of the firm's stock in a transaction dated Thursday, June 5th. The shares were acquired at an average price of $169.59 per share, with a total value of $166,198.20. Following the purchase, the director directly owned 2,747 shares in the company, valued at approximately $465,863.73. This trade represents a 55.46% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Lake West Voteco L.L.C Silver acquired 1,579,080 shares of the business's stock in a transaction that occurred on Tuesday, June 3rd. The shares were acquired at an average cost of $158.32 per share, with a total value of $249,999,945.60. Following the completion of the transaction, the insider directly owned 4,158,517 shares in the company, valued at approximately $658,376,411.44. The trade was a 61.22% increase in their position. The disclosure for this purchase can be found here. 53.80% of the stock is currently owned by insiders.

TKO Group Price Performance

NYSE TKO traded down $0.85 during trading hours on Monday, hitting $176.29. 568,875 shares of the company's stock traded hands, compared to its average volume of 1,121,388. The company has a market capitalization of $34.89 billion, a PE ratio of 89.49 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 Holdings, Inc. has a 52-week low of $102.46 and a 52-week high of $182.60. The firm's 50-day moving average is $166.61 and its 200-day moving average is $156.33.

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

TKO Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were issued a dividend of $0.38 per share. The ex-dividend date was Friday, June 13th. This represents a $1.52 annualized dividend and a dividend yield of 0.86%. TKO Group's dividend payout ratio is presently 77.16%.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Sanford C. Bernstein began coverage on shares of TKO Group in a research report on Wednesday, June 4th. They set an "outperform" rating and a $190.00 price target on the stock. The Goldman Sachs Group lifted their price target on TKO Group from $170.00 to $188.00 and gave the company a "buy" rating in a research note on Monday, May 12th. JPMorgan Chase & Co. raised their price objective on TKO Group from $158.00 to $182.00 and gave the company an "overweight" rating in a report on Wednesday, May 21st. Susquehanna began coverage on 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, Guggenheim lifted their price target 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. Two equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, TKO Group presently has a consensus rating of "Moderate Buy" and an average target price of $168.08.

TKO Group Profile

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.