Boothbay Fund Management LLC Has $12.70 Million Position in TKO Group Holdings, Inc. (NYSE:TKO)

Boothbay Fund Management LLC raised its position in TKO Group Holdings, Inc. (NYSE:TKO - Free Report) by 22.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 89,363 shares of the company's stock after buying an additional 16,618 shares during the period. Boothbay Fund Management LLC owned approximately 0.05% of TKO Group worth $12,699,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Northern Right Capital Management L.P. acquired a new stake in TKO Group during the fourth quarter worth about $12,506,000. Gilder Gagnon Howe & Co. LLC increased its stake in shares of TKO Group by 18.8% during the fourth quarter. Gilder Gagnon Howe & Co. LLC now owns 673,063 shares of the company's stock valued at $95,649,000 after acquiring an additional 106,297 shares during the period. Coldstream Capital Management Inc. raised its holdings in TKO Group by 2.9% during the fourth 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. Kovitz Investment Group Partners LLC acquired a new position in shares of TKO Group during the 4th quarter valued at $218,000. Finally, Pinebridge Investments L.P. raised its stake in shares of TKO Group by 42.7% in the 4th quarter. Pinebridge Investments L.P. now owns 15,372 shares of the company's stock worth $2,185,000 after buying an additional 4,598 shares in the last quarter. 89.79% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at TKO Group

In other news, major shareholder Patrick Whitesell acquired 156,446 shares of the stock in a transaction dated Tuesday, February 11th. The shares were bought at an average cost of $175.60 per share, for a total transaction of $27,471,917.60. Following the purchase, the insider now directly owns 2,461,668 shares of the company's stock, valued at approximately $432,268,900.80. This trade represents a 6.79 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jonathan Kraft purchased 20,000 shares of the firm's stock in a transaction that occurred on Monday, March 3rd. The stock was bought at an average price of $151.78 per share, for a total transaction of $3,035,600.00. Following the purchase, the director now owns 20,000 shares in the company, valued at $3,035,600. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 997,560 shares of company stock valued at $165,425,018. Corporate insiders own 53.80% of the company's stock.

TKO Group Trading Up 0.4 %

Shares of NYSE:TKO traded up $0.58 during mid-day trading on Thursday, reaching $163.49. The stock had a trading volume of 540,636 shares, compared to its average volume of 1,560,236. The firm has a market cap of $27.98 billion, a PE ratio of -389.30 and a beta of 0.90. The firm has a 50 day simple moving average of $149.65 and a two-hundred day simple moving average of $143.93. 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 Holdings, Inc. has a twelve month low of $95.20 and a twelve month high of $179.09.

TKO Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were issued a dividend of $0.38 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.52 annualized dividend and a yield of 0.93%. TKO Group's dividend payout ratio (DPR) is currently 7,600.00%.

Analysts Set New Price Targets

TKO has been the topic of a number of research reports. Pivotal Research reissued 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. Susquehanna initiated coverage on TKO Group in a research note on Monday. They issued a "positive" rating and a $180.00 price objective on the stock. Morgan Stanley boosted their price objective on TKO Group from $128.00 to $160.00 and gave the stock an "equal weight" rating in a research note on Monday, February 24th. UBS Group boosted their target price on TKO Group from $135.00 to $170.00 and gave the stock a "buy" rating in a research report on Tuesday, January 7th. Finally, The Goldman Sachs Group lifted their price target on TKO Group from $142.00 to $165.00 and gave the company a "buy" rating in a report on Friday, January 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. Based on data from MarketBeat, TKO Group presently has an average rating of "Moderate Buy" and an average price target of $161.08.

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.