Teacher Retirement System of Texas Has $4.26 Million Stake in TKO Group Holdings, Inc. (NYSE:TKO)

Teacher Retirement System of Texas decreased its stake in TKO Group Holdings, Inc. (NYSE:TKO - Free Report) by 18.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of TKO. Sentry Investment Management LLC acquired a new stake in TKO Group in the 1st quarter valued at about $25,000. Smartleaf Asset Management LLC lifted its stake 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 purchasing an additional 151 shares during the last quarter. Bartlett & CO. Wealth Management LLC acquired a new stake in TKO Group in the 1st quarter valued at about $27,000. Farther Finance Advisors LLC lifted its stake in TKO Group by 129.8% in the 1st 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 last quarter. Finally, MassMutual Private Wealth & Trust FSB grew its stake in TKO Group by 229.7% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 244 shares of the company's stock valued at $37,000 after buying an additional 170 shares during the last quarter. Institutional investors own 89.79% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on TKO. Northcoast Research cut shares of TKO Group from a "buy" rating to a "neutral" rating in a research report on Thursday. Susquehanna began coverage on shares of TKO Group in a report on Monday, April 28th. They issued a "positive" rating and a $180.00 price objective for the company. JPMorgan Chase & Co. raised their target price on shares of TKO Group from $158.00 to $182.00 and gave the stock an "overweight" rating in a report on Wednesday, May 21st. The Goldman Sachs Group raised their target price on shares of TKO Group from $170.00 to $188.00 and gave the stock a "buy" rating in a report on Monday, May 12th. Finally, Guggenheim raised their target price on shares of TKO Group from $175.00 to $190.00 and gave the stock a "buy" rating in a report on Friday, May 9th. Three research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, TKO Group currently has a consensus rating of "Moderate Buy" and an average price target of $168.08.

TKO Group Price Performance

NYSE:TKO traded down $1.08 during mid-day trading on Friday, reaching $171.81. The stock had a trading volume of 704,777 shares, compared to its average volume of 1,124,470. The stock has a 50-day simple moving average of $167.49 and a two-hundred day simple moving average of $157.00. The stock has a market capitalization of $34.00 billion, a PE ratio of 87.21 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 12 month low of $102.46 and a 12 month high of $182.60.

TKO Group (NYSE:TKO - Get Free Report) last announced its quarterly earnings data 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. 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 for the quarter, compared to analysts' expectations of $1.07 billion. During the same period last year, the firm posted ($1.26) earnings per share. The firm's quarterly revenue was up 3.8% compared to the same quarter last year. On average, equities analysts anticipate that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current year.

TKO Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were given a $0.38 dividend. The ex-dividend date was Friday, June 13th. This represents a $1.52 dividend on an annualized basis and a yield of 0.88%. TKO Group's dividend payout ratio is currently 77.16%.

Insider Buying and Selling at TKO Group

In related news, Director Peter C. B. Bynoe acquired 980 shares of the business's stock in a transaction that occurred on Thursday, June 5th. The shares were bought at an average cost of $169.59 per share, with a total value of $166,198.20. Following the completion of the purchase, the director directly 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 purchase was disclosed in a document filed with the SEC, which is available at this link. Also, Director Nick Khan sold 9,519 shares of the business's stock in a transaction on 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 transaction, the director owned 201,665 shares in the company, valued at approximately $35,686,638.40. The trade was a 4.51% decrease in their position. The disclosure for this sale can be found here. Company insiders own 61.30% of the company's stock.

TKO Group Company 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.