3,400 Shares in TKO Group Holdings, Inc. $TKO Purchased by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System acquired a new stake in shares of TKO Group Holdings, Inc. (NYSE:TKO) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 3,400 shares of the company’s stock, valued at approximately $686,000.

A number of other large investors have also recently added to or reduced their stakes in TKO. State Street Corp lifted its position in shares of TKO Group by 20.3% during the 3rd quarter. State Street Corp now owns 5,249,091 shares of the company’s stock valued at $1,060,106,000 after acquiring an additional 887,401 shares during the last quarter. Ninety One UK Ltd raised its holdings in TKO Group by 0.8% during the 4th quarter. Ninety One UK Ltd now owns 5,006,158 shares of the company’s stock worth $1,046,287,000 after buying an additional 42,156 shares during the period. Massachusetts Financial Services Co. MA lifted its stake in TKO Group by 54.9% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 3,185,769 shares of the company’s stock valued at $665,826,000 after buying an additional 1,128,749 shares in the last quarter. XN LP boosted its holdings in shares of TKO Group by 6.3% in the fourth quarter. XN LP now owns 2,866,943 shares of the company’s stock worth $599,191,000 after buying an additional 169,574 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its position in shares of TKO Group by 20.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,373,243 shares of the company’s stock worth $496,008,000 after acquiring an additional 395,040 shares in the last quarter. 89.79% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently commented on TKO. Citizens Jmp started coverage on shares of TKO Group in a research note on Monday, March 30th. They issued a “mkt outperform” rating and a $240.00 price objective for the company. Zacks Research raised TKO Group from a “strong sell” rating to a “hold” rating in a research report on Monday, April 6th. Sanford C. Bernstein decreased their price objective on TKO Group from $250.00 to $240.00 and set an “outperform” rating for the company in a research report on Monday, April 27th. TD Cowen upped their target price on TKO Group from $245.00 to $250.00 and gave the company a “buy” rating in a report on Wednesday, March 11th. Finally, Weiss Ratings raised shares of TKO Group from a “hold (c-)” rating to a “hold (c+)” rating in a research report on Thursday, May 7th. Eleven investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $233.73.

Insider Activity

In other TKO Group news, CFO Andrew M. Schleimer purchased 2,696 shares of the stock in a transaction dated Wednesday, May 13th. The shares were bought at an average cost of $185.44 per share, with a total value of $499,946.24. Following the completion of the transaction, the chief financial officer owned 30,240 shares in the company, valued at $5,607,705.60. This trade represents a 9.79% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 the business’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $207.56, for a total value of $1,990,292.84. Following the transaction, the director directly owned 81,511 shares of the company’s stock, valued at $16,918,423.16. This represents a 10.53% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have purchased 24,308 shares of company stock valued at $4,499,679 over the last three months. 64.30% of the stock is currently owned by insiders.

TKO Group Stock Up 2.3%

TKO traded up $4.48 during trading on Tuesday, reaching $196.78. 43,248 shares of the stock traded hands, compared to its average volume of 1,299,137. The stock’s 50-day simple moving average is $196.34 and its two-hundred day simple moving average is $201.09. 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 Holdings, Inc. has a fifty-two week low of $152.29 and a fifty-two week high of $226.94. The stock has a market cap of $38.20 billion, a price-to-earnings ratio of 73.36 and a beta of 0.60.

TKO Group (NYSE:TKO) last issued its earnings results on Wednesday, May 6th. The company reported $1.12 earnings per share for the quarter, topping the consensus estimate of $1.11 by $0.01. TKO Group had a return on equity of 2.49% and a net margin of 4.47%.The company had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.59 billion. During the same period in the prior year, the firm posted $0.69 EPS. The business’s revenue was up 25.9% compared to the same quarter last year. As a group, equities research analysts expect that TKO Group Holdings, Inc. will post 4.94 EPS for the current 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 issued a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a yield of 1.6%. This is an increase from TKO Group’s previous quarterly dividend of $0.78. The ex-dividend date was Monday, June 15th. TKO Group’s dividend payout ratio is 117.91%.

TKO Group Company 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.