Boothbay Fund Management LLC Purchases 11,629 Shares of TKO Group Holdings, Inc. $TKO

Key Points

• Boothbay Fund Management LLC raised its position in TKO Group by 24%, purchasing an additional 11,629 shares to hold 60,119 shares valued at about $12.14 million.
• Company insiders have been net sellers recently—insiders sold 169,563 shares worth roughly $34.64 million in the past 90 days, including large disposals by Mark S. Shapiro and Seth D. Krauss.
• Analyst sentiment is mildly positive with a consensus rating of "Moderate Buy", backed by 13 Buy, 5 Hold and 1 Sell ratings and a consensus price target of $231.73, with several firms recently raising targets.

Boothbay Fund Management LLC raised its position in TKO Group Holdings, Inc. (NYSE:TKO - Free Report) by 24.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 60,119 shares of the company's stock after purchasing an additional 11,629 shares during the quarter. Boothbay Fund Management LLC's holdings in TKO Group were worth $12,142,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of TKO. Cromwell Holdings LLC raised its stake in shares of TKO Group by 1,360.0% during the third quarter. Cromwell Holdings LLC now owns 146 shares of the company's stock valued at $29,000 after acquiring an additional 136 shares in the last quarter. Atlantic Union Bankshares Corp grew its stake in TKO Group by 1,680.0% in the third quarter. Atlantic Union Bankshares Corp now owns 178 shares of the company's stock worth $36,000 after purchasing an additional 168 shares in the last quarter. CYBER HORNET ETFs LLC bought a new position in TKO Group in the second quarter worth approximately $34,000. Mather Group LLC. purchased a new position in TKO Group during the 3rd quarter worth $38,000. Finally, Whittier Trust Co. of Nevada Inc. increased its holdings in TKO Group by 57.7% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 194 shares of the company's stock worth $38,000 after purchasing an additional 71 shares during the period. Hedge funds and other institutional investors own 89.79% of the company's stock.

Insider Activity

In other TKO Group news, insider Mark S. Shapiro sold 32,022 shares of TKO Group stock in a transaction on Monday, January 5th. The stock was sold at an average price of $204.08, for a total value of $6,535,049.76. Following the sale, the insider owned 104,842 shares in the company, valued at $21,396,155.36. The trade was a 23.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Seth D. Krauss sold 14,016 shares of the business's stock in a transaction dated Wednesday, January 21st. The shares were sold at an average price of $201.22, for a total transaction of $2,820,299.52. Following the completion of the sale, the insider owned 2,271 shares in the company, valued at approximately $456,970.62. This trade represents a 86.06% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 169,563 shares of company stock worth $34,641,917. 61.30% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on TKO. JPMorgan Chase & Co. upped their price target on shares of TKO Group from $220.00 to $225.00 and gave the stock an "overweight" rating in a research report on Wednesday, January 21st. Wolfe Research reissued a "peer perform" rating on shares of TKO Group in a report on Thursday, March 5th. TD Cowen boosted their price objective on shares of TKO Group from $245.00 to $250.00 and gave the stock a "buy" rating in a research note on Wednesday. Morgan Stanley set a $210.00 target price on TKO Group in a report on Thursday, December 18th. Finally, Zacks Research cut TKO Group from a "hold" rating to a "strong sell" rating in a research report on Friday, March 6th. Thirteen investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, TKO Group presently has a consensus rating of "Moderate Buy" and a consensus target price of $231.73.

TKO Group Price Performance

TKO Group stock opened at $194.53 on Friday. The stock has a market capitalization of $37.76 billion, a P/E ratio of 86.46 and a beta of 0.66. The company's fifty day moving average price is $206.59 and its 200 day moving average price is $199.38. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.26 and a current ratio of 1.26. TKO Group Holdings, Inc. has a 1 year low of $133.07 and a 1 year high of $226.94.

TKO Group (NYSE:TKO - Get Free Report) last posted its quarterly earnings data on Wednesday, February 25th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.20). TKO Group had a return on equity of 2.07% and a net margin of 4.13%.The firm had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.02 billion. During the same quarter in the previous year, the firm posted $0.28 earnings per share. The company's quarterly revenue was up 11.9% on a year-over-year basis. As a group, equities research analysts anticipate that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current fiscal year.

TKO Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th will be issued a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Monday, March 16th. TKO Group's payout ratio is currently 138.67%.

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.

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