Boothbay Fund Management LLC Boosts Stake in TKO Group Holdings, Inc. (NYSE:TKO)

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

Several other large investors have also made changes to their positions in the business. Charles Schwab Investment Management Inc. raised its stake in TKO Group by 3.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 469,289 shares of the company's stock valued at $66,691,000 after purchasing an additional 16,536 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of TKO Group by 21.8% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,953 shares of the company's stock valued at $2,836,000 after buying an additional 3,572 shares during the last quarter. Twin Tree Management LP lifted its holdings in shares of TKO Group by 147.0% in the fourth quarter. Twin Tree Management LP now owns 123,713 shares of the company's stock worth $17,581,000 after buying an additional 73,617 shares in the last quarter. Park Avenue Securities LLC lifted its holdings in shares of TKO Group by 59.2% in the fourth quarter. Park Avenue Securities LLC now owns 13,004 shares of the company's stock worth $1,848,000 after buying an additional 4,836 shares in the last quarter. Finally, Resona Asset Management Co. Ltd. bought a new position in shares of TKO Group during the fourth quarter worth $431,000. 89.79% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at TKO Group

In other news, CEO Ariel Emanuel purchased 66,021 shares of the company's stock in a transaction dated Thursday, January 30th. The shares were acquired at an average price of $158.39 per share, with a total value of $10,457,066.19. Following the transaction, the chief executive officer now owns 1,605,610 shares of the company's stock, valued at $254,312,567.90. This represents a 4.29 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Patrick Whitesell acquired 177,861 shares of the firm's stock in a transaction that occurred on Friday, February 7th. The stock was purchased at an average price of $165.99 per share, with a total value of $29,523,147.39. Following the completion of the acquisition, the insider now directly owns 2,188,966 shares of the company's stock, valued at $363,346,466.34. This represents a 8.84 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased a total of 1,163,577 shares of company stock valued at $191,541,458 in the last three months. Company insiders own 53.80% of the company's stock.

TKO Group Trading Up 1.7 %

TKO Group stock traded up $2.65 during mid-day trading on Tuesday, hitting $163.08. The company's stock had a trading volume of 1,016,679 shares, compared to its average volume of 1,102,552. TKO Group Holdings, Inc. has a one year low of $94.63 and a one year high of $179.09. The stock has a market cap of $27.91 billion, a PE ratio of -388.29 and a beta of 0.90. The company has a 50 day moving average of $149.57 and a 200-day moving average of $143.66. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.17 and a current ratio of 1.17.

TKO Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors 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 dividend on an annualized basis and a yield of 0.93%. TKO Group's payout ratio is 7,600.00%.

Analyst Upgrades and Downgrades

TKO has been the topic of several research analyst reports. Benchmark reiterated a "hold" rating on shares of TKO Group in a research note on Monday, March 3rd. 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. Guggenheim reaffirmed a "buy" rating and issued a $175.00 price objective on shares of TKO Group in a research note on Wednesday, April 23rd. Pivotal Research reiterated a "buy" rating and set a $195.00 target price (up from $145.00) on shares of TKO Group in a research report on Thursday, February 27th. Finally, Susquehanna initiated coverage on shares of TKO Group in a report on Monday. They issued a "positive" rating and a $180.00 target price for the company. Two analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price 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.