California Public Employees Retirement System Decreases Holdings in TKO Group Holdings, Inc. $TKO

California Public Employees Retirement System lowered its position in TKO Group Holdings, Inc. (NYSE:TKO) by 5.7% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 114,090 shares of the company’s stock after selling 6,909 shares during the period. California Public Employees Retirement System’s holdings in TKO Group were worth $23,006,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of TKO. Amundi grew its holdings in TKO Group by 338.7% in the first quarter. Amundi now owns 1,360 shares of the company’s stock valued at $205,000 after purchasing an additional 1,050 shares during the last quarter. AQR Capital Management LLC increased its position in shares of TKO Group by 10.7% in the first quarter. AQR Capital Management LLC now owns 7,222 shares of the company’s stock valued at $1,083,000 after buying an additional 696 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of TKO Group by 4,722.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,777 shares of the company’s stock worth $1,341,000 after buying an additional 8,595 shares during the last quarter. United Services Automobile Association acquired a new position in shares of TKO Group during the 1st quarter worth $218,000. Finally, Geneos Wealth Management Inc. raised its stake in shares of TKO Group by 127.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 510 shares of the company’s stock worth $78,000 after buying an additional 286 shares during the last quarter. 89.79% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Nick Khan sold 9,589 shares of the company’s stock in a transaction that occurred on Monday, July 13th. The shares were sold at an average price of $182.63, for a total transaction of $1,751,239.07. Following the transaction, the director owned 72,013 shares of the company’s stock, valued at approximately $13,151,734.19. This represents a 11.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Ariel Emanuel bought 10,805 shares of the firm’s stock in a transaction that occurred on Wednesday, May 13th. The shares were purchased at an average price of $185.09 per share, for a total transaction of $1,999,897.45. Following the transaction, the chief executive officer owned 154,655 shares of the company’s stock, valued at $28,625,093.95. The trade was a 7.51% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders have acquired 24,308 shares of company stock valued at $4,499,679 and have sold 28,696 shares valued at $5,511,785. 64.30% of the stock is currently owned by corporate insiders.

TKO Group Stock Down 0.1%

Shares of NYSE:TKO opened at $181.57 on Thursday. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $35.25 billion, a P/E ratio of 67.75 and a beta of 0.60. TKO Group Holdings, Inc. has a 52-week low of $152.29 and a 52-week high of $226.94. The stock’s fifty day simple moving average is $196.23 and its 200-day simple moving average is $198.67.

TKO Group (NYSE:TKO) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $1.12 EPS for the quarter, topping 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 firm had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.59 billion. During the same quarter last year, the business posted $0.69 EPS. The firm’s quarterly revenue was up 25.9% compared to the same quarter last year. As a group, equities research analysts forecast that TKO Group Holdings, Inc. will post 4.94 earnings per share for the current fiscal year.

TKO Group Increases Dividend

The company 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 1.7%. This is a boost from TKO Group’s previous quarterly dividend of $0.78. The ex-dividend date was Monday, June 15th. TKO Group’s payout ratio is presently 117.91%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. JPMorgan Chase & Co. lowered their price objective on shares of TKO Group from $225.00 to $222.00 and set an “overweight” rating on the stock in a research note on Tuesday. Zacks Research upgraded shares of TKO Group from a “strong sell” rating to a “hold” rating in a research report on Monday, April 6th. Wall Street Zen raised shares of TKO Group from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Roth Capital set a $228.00 price target on shares of TKO Group in a research report on Monday, May 4th. Finally, Sanford C. Bernstein lowered their price target on shares of TKO Group from $250.00 to $240.00 and set an “outperform” rating on the stock in a research report on Monday, April 27th. Eleven investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, TKO Group currently has an average rating of “Moderate Buy” and a consensus target price of $233.87.

About TKO Group

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.