Teacher Retirement System of Texas Boosts Position in TKO Group Holdings, Inc. (NYSE:TKO)

Teacher Retirement System of Texas increased its holdings in TKO Group Holdings, Inc. (NYSE:TKO) by 552.9% in the fourth quarter, HoldingsChannel.com reports. The fund owned 33,964 shares of the company’s stock after acquiring an additional 28,762 shares during the period. Teacher Retirement System of Texas’ holdings in TKO Group were worth $4,827,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in TKO. Raymond James Financial Inc. bought a new position in TKO Group in the 4th quarter worth $33,922,000. State Street Corp raised its stake in TKO Group by 10.4% in the third quarter. State Street Corp now owns 2,052,916 shares of the company’s stock worth $253,966,000 after buying an additional 192,602 shares in the last quarter. Ninety One UK Ltd lifted its holdings in TKO Group by 4.1% in the fourth quarter. Ninety One UK Ltd now owns 4,151,608 shares of the company’s stock worth $589,985,000 after buying an additional 163,980 shares during the period. Geode Capital Management LLC lifted its holdings in TKO Group by 7.4% in the third quarter. Geode Capital Management LLC now owns 1,241,918 shares of the company’s stock worth $153,931,000 after buying an additional 85,160 shares during the period. Finally, Twin Tree Management LP boosted its position in TKO Group by 147.0% during the 4th quarter. Twin Tree Management LP now owns 123,713 shares of the company’s stock valued at $17,581,000 after acquiring an additional 73,617 shares in the last quarter. Institutional investors own 89.79% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Pivotal Research restated a “buy” rating and issued a $195.00 target price (up previously from $145.00) on shares of TKO Group in a research note on Thursday, February 27th. UBS Group raised their price objective on TKO Group from $135.00 to $170.00 and gave the company a “buy” rating in a research report on Tuesday, January 7th. Benchmark reaffirmed a “hold” rating on shares of TKO Group in a research report on Monday, March 3rd. Citigroup lifted their price target on shares of TKO Group from $137.00 to $170.00 and gave the company a “buy” rating in a research report on Tuesday, December 17th. Finally, Morgan Stanley upped their price objective on shares of TKO Group from $128.00 to $160.00 and gave the stock an “equal weight” rating in a report on Monday, February 24th. Two equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $157.00.

TKO Group Stock Performance

TKO stock opened at $149.77 on Monday. The stock has a market capitalization of $25.64 billion, a PE ratio of -356.59 and a beta of 1.08. The stock’s 50 day simple moving average is $154.33 and its 200 day simple moving average is $138.32. TKO Group Holdings, Inc. has a 12-month low of $84.88 and a 12-month high of $179.09. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.34.

TKO Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a dividend of $0.38 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.52 annualized dividend and a dividend yield of 1.01%. TKO Group’s dividend payout ratio (DPR) is presently 7,600.00%.

Insider Buying and Selling

In related news, major shareholder Patrick Whitesell purchased 177,861 shares of TKO Group stock in a transaction dated Friday, February 7th. The stock was purchased at an average cost of $165.99 per share, for a total transaction of $29,523,147.39. Following the completion of the purchase, the insider now directly owns 2,188,966 shares of the company’s stock, valued at $363,346,466.34. The trade was a 8.84 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Jonathan Kraft acquired 3,500 shares of the stock in a transaction that occurred on Friday, March 7th. The shares were bought at an average price of $140.69 per share, for a total transaction of $492,415.00. Following the transaction, the director now owns 23,500 shares of the company’s stock, valued at $3,306,215. This trade represents a 17.50 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 1,921,383 shares of company stock worth $304,417,051 and sold 71,457 shares worth $10,153,456. 53.80% of the stock is owned by corporate insiders.

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.