New York State Teachers Retirement System Has $3.74 Million Holdings in TKO Group Holdings, Inc. (NYSE:TKO)

New York State Teachers Retirement System reduced its holdings in TKO Group Holdings, Inc. (NYSE:TKO - Free Report) by 16.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,895 shares of the company's stock after selling 8,934 shares during the quarter. New York State Teachers Retirement System's holdings in TKO Group were worth $3,744,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in TKO. Lindsell Train Ltd acquired a new stake in shares of TKO Group during the third quarter valued at approximately $495,949,000. Vanguard Group Inc. acquired a new stake in shares of TKO Group during the third quarter valued at approximately $419,731,000. FMR LLC acquired a new stake in shares of TKO Group during the third quarter valued at approximately $136,131,000. Clearbridge Investments LLC acquired a new stake in shares of TKO Group during the third quarter valued at approximately $118,378,000. Finally, Principal Financial Group Inc. acquired a new stake in shares of TKO Group during the third quarter valued at approximately $89,333,000. 89.79% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. TD Cowen assumed coverage on shares of TKO Group in a research report on Friday, January 12th. They set a "market perform" rating and a $92.00 price objective on the stock. The Goldman Sachs Group assumed coverage on shares of TKO Group in a research report on Thursday, March 7th. They set a "buy" rating and a $102.00 price objective on the stock. Moffett Nathanson assumed coverage on shares of TKO Group in a research report on Monday, January 29th. They set a "neutral" rating and a $95.00 price objective on the stock. Jefferies Financial Group boosted their price objective on shares of TKO Group from $120.00 to $131.00 and gave the company a "buy" rating in a research report on Friday. Finally, Bank of America assumed coverage on shares of TKO Group in a research report on Friday, March 15th. They set a "buy" rating and a $100.00 price objective on the stock. Three research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, TKO Group presently has a consensus rating of "Moderate Buy" and an average target price of $108.31.

Insider Buying and Selling

In related news, major shareholder Vincent K. Mcmahon sold 1,642,970 shares of the company's stock in a transaction on Tuesday, April 9th. The shares were sold at an average price of $89.01, for a total transaction of $146,240,759.70. Following the completion of the sale, the insider now directly owns 9,875,129 shares of the company's stock, valued at approximately $878,985,232.29. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 38.90% of the stock is owned by insiders.

TKO Group Stock Down 0.4 %

TKO stock traded down $0.37 during trading hours on Monday, hitting $97.63. The company's stock had a trading volume of 1,100,851 shares, compared to its average volume of 1,472,445. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $16.79 billion, a PE ratio of 143.57 and a beta of 1.06. TKO Group Holdings, Inc. has a 12 month low of $72.33 and a 12 month high of $106.16. The stock has a 50 day moving average price of $86.56 and a two-hundred day moving average price of $82.32.

TKO Group (NYSE:TKO - Get Free Report) last posted its quarterly earnings data on Tuesday, February 27th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.59). The firm had revenue of $614.00 million for the quarter, compared to the consensus estimate of $619.48 million. TKO Group had a return on equity of 3.11% and a net margin of 3.02%. On average, equities research analysts expect that TKO Group Holdings, Inc. will post 2.39 earnings per share for the current year.

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.