Boothbay Fund Management LLC Raises Stock Holdings in TKO Group Holdings, Inc. (NYSE:TKO)

Boothbay Fund Management LLC lifted its stake in shares of TKO Group Holdings, Inc. (NYSE:TKO) by 22.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 89,363 shares of the company’s stock after acquiring an additional 16,618 shares during the period. Boothbay Fund Management LLC owned 0.05% of TKO Group worth $12,699,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. M&T Bank Corp grew its stake in TKO Group by 2.4% in the 4th quarter. M&T Bank Corp now owns 2,733 shares of the company’s stock worth $389,000 after acquiring an additional 64 shares during the period. Blue Trust Inc. boosted its position in shares of TKO Group by 28.2% in the fourth quarter. Blue Trust Inc. now owns 332 shares of the company’s stock worth $47,000 after acquiring an additional 73 shares during the last quarter. Bessemer Group Inc. grew its stake in shares of TKO Group by 0.3% during the 4th quarter. Bessemer Group Inc. now owns 26,174 shares of the company’s stock valued at $3,720,000 after buying an additional 78 shares during the period. US Bancorp DE grew its position in TKO Group by 18.0% during the fourth quarter. US Bancorp DE now owns 565 shares of the company’s stock valued at $80,000 after acquiring an additional 86 shares during the period. Finally, Coldstream Capital Management Inc. increased its position in TKO Group by 2.9% during the 4th quarter. Coldstream Capital Management Inc. now owns 3,160 shares of the company’s stock worth $449,000 after purchasing an additional 90 shares in the last quarter. Hedge funds and other institutional investors own 89.79% of the company’s stock.

TKO Group Stock Up 1.3 %

TKO stock opened at $157.27 on Friday. The firm has a market cap of $26.92 billion, a PE ratio of -374.45 and a beta of 0.90. TKO Group Holdings, Inc. has a 12 month low of $94.63 and a 12 month high of $179.09. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.17 and a quick ratio of 1.17. The firm has a 50 day simple moving average of $149.68 and a 200 day simple moving average of $143.20.

TKO Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were given a $0.38 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.52 annualized dividend and a dividend yield of 0.97%. TKO Group’s dividend payout ratio (DPR) is presently 7,600.00%.

Insider Buying and Selling

In related news, CEO Ariel Emanuel purchased 117,769 shares of the firm’s stock in a transaction that occurred on Wednesday, February 12th. The stock was acquired at an average cost of $175.40 per share, for a total transaction of $20,656,682.60. Following the completion of the acquisition, the chief executive officer now owns 2,579,437 shares in the company, valued at $452,433,249.80. This trade represents a 4.78 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Patrick Whitesell acquired 99,996 shares of the stock in a transaction that occurred on Wednesday, January 29th. The shares were bought at an average cost of $156.60 per share, for a total transaction of $15,659,373.60. Following the completion of the transaction, the insider now directly owns 1,539,589 shares of the company’s stock, valued at $241,099,637.40. This represents a 6.95 % increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 1,345,370 shares of company stock valued at $219,805,951. Company insiders own 53.80% of the company’s stock.

Analyst Upgrades and Downgrades

TKO has been the subject of a number of analyst reports. Seaport Res Ptn raised shares of TKO Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 4th. Pivotal Research reaffirmed a “buy” rating and set a $195.00 target price (up from $145.00) on shares of TKO Group in a report on Thursday, February 27th. Morgan Stanley increased 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. The Goldman Sachs Group boosted their target price on shares of TKO Group from $142.00 to $165.00 and gave the company a “buy” rating in a research note on Friday, January 24th. Finally, UBS Group raised their price target on shares of TKO Group from $135.00 to $170.00 and gave the company a “buy” rating in a research note on Tuesday, January 7th. Two analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $159.36.

TKO Group Company 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.