Teachers Retirement System of The State of Kentucky Buys 5,000 Shares of TKO Group Holdings, Inc. (NYSE:TKO)

Teachers Retirement System of The State of Kentucky boosted its stake in shares of TKO Group Holdings, Inc. (NYSE:TKO) by 33.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 19,858 shares of the company’s stock after acquiring an additional 5,000 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in TKO Group were worth $1,620,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Picton Mahoney Asset Management grew its holdings in TKO Group by 8.7% during the 4th quarter. Picton Mahoney Asset Management now owns 1,870 shares of the company’s stock worth $152,000 after acquiring an additional 150 shares during the last quarter. Covestor Ltd bought a new stake in TKO Group during the 3rd quarter worth about $27,000. International Assets Investment Management LLC bought a new stake in TKO Group during the 4th quarter worth about $27,000. Commerce Bank boosted its stake in shares of TKO Group by 5.0% in the 4th quarter. Commerce Bank now owns 6,973 shares of the company’s stock valued at $569,000 after purchasing an additional 332 shares during the last quarter. Finally, Quent Capital LLC boosted its stake in shares of TKO Group by 113.7% in the 4th quarter. Quent Capital LLC now owns 673 shares of the company’s stock valued at $55,000 after purchasing an additional 358 shares during the last quarter. Institutional investors own 89.79% of the company’s stock.

Insider Activity

In other news, major shareholder Vincent K. Mcmahon sold 1,642,970 shares of TKO Group stock in a transaction that occurred on Tuesday, April 9th. The shares were sold at an average price of $89.01, for a total value of $146,240,759.70. Following the sale, the insider now directly owns 9,875,129 shares in the company, valued at $878,985,232.29. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 53.80% of the stock is owned by corporate insiders.

TKO Group Stock Performance

Shares of TKO stock opened at $106.89 on Friday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.99 and a current ratio of 0.99. The company has a market capitalization of $18.20 billion, a P/E ratio of -105.83 and a beta of 1.02. The company’s 50 day moving average price is $102.62 and its two-hundred day moving average price is $89.86. TKO Group Holdings, Inc. has a 52 week low of $72.33 and a 52 week high of $111.07.

TKO Group (NYSE:TKO) last posted its quarterly earnings data on Wednesday, May 8th. The company reported $2.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $1.63. TKO Group had a negative net margin of 4.14% and a positive return on equity of 4.15%. The company had revenue of $629.70 million for the quarter, compared to the consensus estimate of $609.28 million. On average, analysts expect that TKO Group Holdings, Inc. will post 4.19 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

TKO has been the topic of several recent research reports. TD Cowen raised shares of TKO Group from a “hold” rating to a “buy” rating and raised their target price for the company from $92.00 to $127.00 in a research note on Wednesday, May 15th. Roth Mkm raised their target price on shares of TKO Group from $112.00 to $121.00 and gave the company a “buy” rating in a research note on Thursday, May 9th. Citigroup raised their target price on shares of TKO Group from $125.00 to $130.00 and gave the company a “buy” rating in a research note on Tuesday, March 19th. Bank of America started coverage on shares of TKO Group in a research report on Friday, March 15th. They issued a “buy” rating and a $100.00 price target on the stock. Finally, The Goldman Sachs Group started coverage on shares of TKO Group in a research report on Thursday, March 7th. They issued a “buy” rating and a $102.00 price target on the stock. Two research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $113.46.

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.