TKO Group Holdings, Inc. $TKO Shares Sold by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky cut its holdings in TKO Group Holdings, Inc. (NYSE:TKO) by 95.8% in the first quarter, Holdings Channel reports. The institutional investor owned 5,419 shares of the company’s stock after selling 124,930 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in TKO Group were worth $1,093,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. M & L Capital Management Ltd acquired a new position in TKO Group during the fourth quarter worth $2,978,000. Swiss Life Asset Management Ltd lifted its holdings in TKO Group by 711.4% during the fourth quarter. Swiss Life Asset Management Ltd now owns 25,810 shares of the company’s stock valued at $5,394,000 after purchasing an additional 22,629 shares in the last quarter. CIBC Bancorp USA Inc. acquired a new stake in shares of TKO Group in the third quarter valued at about $10,105,000. Perpetual Ltd acquired a new stake in shares of TKO Group in the fourth quarter valued at about $26,046,000. Finally, NFJ Investment Group LLC purchased a new stake in shares of TKO Group during the fourth quarter worth about $3,969,000. 89.79% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

TKO has been the subject of several research analyst reports. Roth Capital set a $228.00 price target on shares of TKO Group in a research report on Monday, May 4th. Zacks Research upgraded TKO Group from a “strong sell” rating to a “hold” rating in a research note on Monday, April 6th. Citigroup cut TKO Group from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Wall Street Zen raised TKO Group from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Finally, Sanford C. Bernstein lowered their price target on TKO Group from $250.00 to $240.00 and set an “outperform” rating on the stock in a research note on Monday, April 27th. Eleven analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $234.07.

TKO Group Trading Up 0.7%

TKO opened at $185.78 on Thursday. The firm has a market capitalization of $36.06 billion, a price-to-earnings ratio of 69.32 and a beta of 0.60. The company’s 50 day simple moving average is $196.43 and its two-hundred day simple moving average is $199.73. TKO Group Holdings, Inc. has a 1-year low of $152.29 and a 1-year high of $226.94. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.34 and a quick ratio of 1.34.

TKO Group (NYSE:TKO) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $1.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.11 by $0.01. TKO Group had a return on equity of 2.49% and a net margin of 4.47%.The business had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.59 billion. During the same period in the prior year, the business earned $0.69 earnings per share. The business’s revenue was up 25.9% compared to the same quarter last year. Analysts expect that TKO Group Holdings, Inc. will post 4.95 EPS for the current fiscal year.

TKO Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were paid a $0.79 dividend. This is a boost from TKO Group’s previous quarterly dividend of $0.78. The ex-dividend date of this dividend was Monday, June 15th. This represents a $3.16 dividend on an annualized basis and a dividend yield of 1.7%. TKO Group’s dividend payout ratio is 117.91%.

Insider Buying and Selling

In other news, insider Mark S. Shapiro acquired 10,807 shares of the business’s stock in a transaction that occurred on Wednesday, May 13th. The stock was purchased at an average cost of $185.05 per share, for a total transaction of $1,999,835.35. Following the completion of the transaction, the insider owned 129,207 shares in the company, valued at approximately $23,909,755.35. This trade represents a 9.13% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Nick Khan sold 9,589 shares of TKO Group stock in a transaction dated Monday, July 13th. The stock was sold at an average price of $182.63, for a total transaction of $1,751,239.07. Following the transaction, the director directly owned 72,013 shares in the company, valued at $13,151,734.19. This trade represents a 11.75% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders acquired 24,308 shares of company stock valued at $4,499,679 and sold 28,696 shares valued at $5,511,785. 64.30% of the stock is currently owned by insiders.

TKO Group Profile

TKO Group Holdings (NYSE: TKO) is a global sports and entertainment company formed in 2023 through the combination of two major combat-sports businesses. The company brings together the mixed martial arts organization UFC and the sports entertainment business WWE under a single publicly traded holding company. TKO owns and manages a portfolio of live-event franchises, intellectual property, and media rights centered on combat and sports-entertainment content.

TKO’s core activities include the promotion and production of live events, the licensing and sale of broadcasting and streaming rights, and the development and commercialization of branded consumer products.