TKO Group Holdings, Inc. (NYSE:TKO) Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas lessened its stake in shares of TKO Group Holdings, Inc. (NYSE:TKO - Free Report) by 18.0% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 27,850 shares of the company's stock after selling 6,114 shares during the period. Teacher Retirement System of Texas' holdings in TKO Group were worth $4,256,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of TKO. US Bancorp DE raised its position in shares of TKO Group by 18.0% during the 4th quarter. US Bancorp DE now owns 565 shares of the company's stock worth $80,000 after purchasing an additional 86 shares during the last quarter. Smartleaf Asset Management LLC raised its holdings in TKO Group by 559.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 178 shares of the company's stock valued at $26,000 after acquiring an additional 151 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in TKO Group in the 4th quarter valued at about $38,000. Steward Partners Investment Advisory LLC raised its holdings in TKO Group by 20.2% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,118 shares of the company's stock valued at $159,000 after acquiring an additional 188 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in TKO Group by 3.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 469,289 shares of the company's stock valued at $66,691,000 after acquiring an additional 16,536 shares during the last quarter. Institutional investors and hedge funds own 89.79% of the company's stock.

Insider Buying and Selling

In other TKO Group news, major shareholder Lake West Voteco L.L.C Silver purchased 1,579,080 shares of TKO Group stock in a transaction on Tuesday, June 3rd. The shares were bought at an average price of $158.32 per share, with a total value of $249,999,945.60. Following the completion of the acquisition, the insider directly owned 4,158,517 shares of the company's stock, valued at approximately $658,376,411.44. This trade represents a 61.22% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 completion of the sale, the director directly owned 201,665 shares in the company, valued at $35,686,638.40. This trade represents a 4.51% decrease in their position. The disclosure for this sale can be found here. 61.30% of the stock is owned by insiders.

Analysts Set New Price Targets

Several analysts have recently weighed in on TKO shares. Northcoast Research cut shares of TKO Group from a "buy" rating to a "neutral" rating in a research note on Thursday. Sanford C. Bernstein started coverage on shares of TKO Group in a research report on Wednesday, June 4th. They set an "outperform" rating and a $190.00 price objective for the company. The Goldman Sachs Group increased their price objective on shares of TKO Group from $170.00 to $188.00 and gave the stock a "buy" rating in a research report on Monday, May 12th. Guggenheim increased 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. Finally, JPMorgan Chase & Co. increased their price objective on shares of TKO Group from $158.00 to $182.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 21st. Three analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $168.08.

TKO Group Stock Down 0.6%

Shares of TKO traded down $1.03 during midday trading on Thursday, reaching $170.77. The stock had a trading volume of 413,437 shares, compared to its average volume of 1,121,798. TKO Group Holdings, Inc. has a 1-year low of $102.46 and a 1-year high of $182.60. The company's fifty day simple moving average is $167.30 and its two-hundred day simple moving average is $156.78. The company has a market cap of $33.80 billion, a price-to-earnings ratio of 86.66 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 issued its earnings results on Thursday, May 8th. The company reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.14. The business had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.07 billion. TKO Group had a net margin of 4.98% and a return on equity of 2.52%. The business's quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($1.26) earnings per share. Equities research analysts expect that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current year.

TKO Group Announces Dividend

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