Teacher Retirement System of Texas Buys 28,762 Shares of TKO Group Holdings, Inc. (NYSE:TKO)

Teacher Retirement System of Texas raised its holdings in shares of TKO Group Holdings, Inc. (NYSE:TKO - Free Report) by 552.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 33,964 shares of the company's stock after buying an additional 28,762 shares during the quarter. Teacher Retirement System of Texas' holdings in TKO Group were worth $4,827,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. M&T Bank Corp increased its stake in TKO Group by 2.4% during the fourth quarter. M&T Bank Corp now owns 2,733 shares of the company's stock valued at $389,000 after acquiring an additional 64 shares during the period. Blue Trust Inc. increased its position in shares of TKO Group by 28.2% during the fourth quarter. Blue Trust Inc. now owns 332 shares of the company's stock valued at $47,000 after purchasing an additional 73 shares during the period. US Bancorp DE raised its stake in shares of TKO Group by 18.0% in the fourth quarter. US Bancorp DE now owns 565 shares of the company's stock valued at $80,000 after purchasing an additional 86 shares in the last quarter. Coldstream Capital Management Inc. lifted its position in TKO Group by 3.3% in the third quarter. Coldstream Capital Management Inc. now owns 3,070 shares of the company's stock worth $379,000 after purchasing an additional 97 shares during the period. Finally, Louisiana State Employees Retirement System boosted its stake in TKO Group by 0.5% during the fourth quarter. Louisiana State Employees Retirement System now owns 18,500 shares of the company's stock worth $2,629,000 after buying an additional 100 shares in the last quarter. 89.79% of the stock is currently owned by institutional investors and hedge funds.

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TKO Group Trading Up 0.6 %

NYSE TKO traded up $0.98 on Tuesday, reaching $153.89. The company had a trading volume of 690,811 shares, compared to its average volume of 1,049,996. The stock has a market cap of $26.34 billion, a price-to-earnings ratio of -366.49 and a beta of 1.08. The stock's 50 day moving average is $154.55 and its 200-day moving average is $138.58. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.34. TKO Group Holdings, Inc. has a 52 week low of $84.88 and a 52 week high of $179.09.

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 paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 0.99%. The ex-dividend date is Friday, March 14th. TKO Group's payout ratio is presently 7,600.00%.

Insiders Place Their Bets

In other news, CEO Ariel Emanuel acquired 115,952 shares of the firm's stock in a transaction that occurred on Wednesday, January 22nd. The stock was acquired at an average cost of $143.85 per share, for a total transaction of $16,679,695.20. Following the completion of the acquisition, the chief executive officer now owns 1,031,804 shares in the company, valued at $148,425,005.40. This represents a 12.66 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Andrew M. Schleimer sold 5,419 shares of the business's stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $141.94, for a total value of $769,172.86. Following the completion of the sale, the chief financial officer now owns 6,995 shares in the company, valued at $992,870.30. The trade was a 43.65 % decrease in their position. The disclosure for this sale can be found here. Over 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. Corporate insiders own 53.80% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on TKO shares. Pivotal Research restated a "buy" rating and issued a $195.00 price objective (up previously from $145.00) on shares of TKO Group in a research note on Thursday, February 27th. UBS Group raised their price target on shares of TKO Group from $135.00 to $170.00 and gave the stock a "buy" rating in a research note on Tuesday, January 7th. Citigroup increased their target price on TKO Group from $137.00 to $170.00 and gave the stock a "buy" rating in a report on Tuesday, December 17th. Morgan Stanley boosted their target price on shares of TKO Group from $128.00 to $160.00 and gave the company an "equal weight" rating in a research note on Monday, February 24th. Finally, Seaport Res Ptn raised TKO Group from a "hold" rating to a "strong-buy" rating in a report on Tuesday, March 4th. Two analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $157.00.

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.