Louisiana State Employees Retirement System Invests $686,000 in TKO Group Holdings, Inc. $TKO

Louisiana State Employees Retirement System bought a new stake in shares of TKO Group Holdings, Inc. (NYSE:TKOFree Report) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 3,400 shares of the company’s stock, valued at approximately $686,000.

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

TKO Group Stock Performance

Shares of NYSE:TKO traded up $4.48 during trading on Tuesday, reaching $196.78. 43,248 shares of the company’s stock traded hands, compared to its average volume of 1,299,137. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.34 and a quick ratio of 1.34. The company has a 50 day moving average of $196.34 and a 200-day moving average of $201.09. The stock has a market capitalization of $38.20 billion, a P/E ratio of 73.36 and a beta of 0.60. TKO Group Holdings, Inc. has a 12 month low of $152.29 and a 12 month high of $226.94.

TKO Group (NYSE:TKOGet Free Report) 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. The firm had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.59 billion. TKO Group had a return on equity of 2.49% and a net margin of 4.47%.The firm’s revenue for the quarter was up 25.9% on a year-over-year basis. During the same period last year, the company earned $0.69 earnings per share. On average, equities analysts expect that TKO Group Holdings, Inc. will post 4.94 EPS for the current year.

TKO Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were issued a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a dividend yield of 1.6%. This is a positive change from TKO Group’s previous quarterly dividend of $0.78. The ex-dividend date of this dividend was Monday, June 15th. TKO Group’s dividend payout ratio is 117.91%.

Analyst Ratings Changes

A number of equities analysts have commented on TKO shares. BTIG Research reiterated a “buy” rating and issued a $237.00 price objective on shares of TKO Group in a report on Thursday, May 7th. Weiss Ratings upgraded shares of TKO Group from a “hold (c-)” rating to a “hold (c+)” rating in a research note on Thursday, May 7th. Citizens Jmp initiated coverage on shares of TKO Group in a research note on Monday, March 30th. They set a “mkt outperform” rating and a $240.00 price objective on the stock. Roth Capital set a $228.00 target price on shares of TKO Group in a research note on Monday, May 4th. Finally, TD Cowen boosted their price objective on TKO Group from $245.00 to $250.00 and gave the company a “buy” rating in a report on Wednesday, March 11th. Eleven investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $233.73.

View Our Latest Stock Report on TKO

Insider Activity at TKO Group

In related news, Director Nick Khan sold 9,589 shares of the company’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $207.56, for a total value of $1,990,292.84. Following the completion of the sale, the director owned 81,511 shares of the company’s stock, valued at $16,918,423.16. This represents a 10.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Mark S. Shapiro bought 10,807 shares of the firm’s stock in a transaction that occurred on Wednesday, May 13th. The stock was bought at an average price of $185.05 per share, with a total value of $1,999,835.35. Following the transaction, the insider directly owned 129,207 shares in the company, valued at $23,909,755.35. This represents a 9.13% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have acquired 24,308 shares of company stock valued at $4,499,679 in the last ninety days. Company insiders own 64.30% of the company’s stock.

TKO Group Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for TKO Group (NYSE:TKO)

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