Louisiana State Employees Retirement System Makes New $1.38 Million Investment in TKO Group Holdings, Inc. (NYSE:TKO)

Louisiana State Employees Retirement System purchased a new position in TKO Group Holdings, Inc. (NYSE:TKO - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 16,900 shares of the company's stock, valued at approximately $1,379,000.

Other institutional investors also recently bought and sold shares of the company. Public Employees Retirement System of Ohio bought a new position in TKO Group in the third quarter worth about $1,649,000. abrdn plc bought a new position in TKO Group in the third quarter worth about $12,921,000. Victory Capital Management Inc. bought a new position in TKO Group in the third quarter worth about $10,602,000. Clearbridge Investments LLC bought a new position in TKO Group in the third quarter worth about $118,378,000. Finally, Rhumbline Advisers bought a new position in TKO Group in the third quarter worth about $13,324,000. 89.79% of the stock is owned by institutional investors.

Analyst Ratings Changes

TKO has been the subject of a number of research reports. Roth Mkm reissued a "buy" rating and issued a $112.00 price target on shares of TKO Group in a research note on Friday, April 12th. Northcoast Research assumed coverage on shares of TKO Group in a report on Tuesday, February 6th. They issued a "buy" rating and a $105.00 price objective on the stock. Jefferies Financial Group upped their price objective on shares of TKO Group from $120.00 to $131.00 and gave the stock a "buy" rating in a report on Friday, April 12th. The Goldman Sachs Group assumed coverage on shares of TKO Group in a report on Thursday, March 7th. They issued a "buy" rating and a $102.00 price objective on the stock. Finally, Moffett Nathanson initiated coverage on shares of TKO Group in a report on Monday, January 29th. They issued a "neutral" rating and a $95.00 price objective on the stock. Three analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $108.31.

Insider Activity

In other news, major shareholder Vincent K. Mcmahon sold 1,642,970 shares of the firm'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 sale, the insider now directly owns 9,875,129 shares in the company, valued at approximately $878,985,232.29. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 38.90% of the company's stock.

TKO Group Stock Performance

TKO traded down $0.03 during trading on Monday, hitting $95.49. The company's stock had a trading volume of 1,156,035 shares, compared to its average volume of 1,431,004. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.33. TKO Group Holdings, Inc. has a one year low of $72.33 and a one year high of $106.16. The firm has a market cap of $16.42 billion, a PE ratio of 140.43 and a beta of 1.06. The business's 50 day simple moving average is $87.49 and its 200-day simple moving average is $82.75.

TKO Group (NYSE:TKO - Get Free Report) last announced its quarterly earnings data on Tuesday, February 27th. The company reported ($0.09) 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 net margin of 3.02% and a return on equity of 3.11%. As a group, sell-side analysts predict that TKO Group Holdings, Inc. will post 2.39 EPS for the current fiscal year.

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.