Northern Right Capital Management L.P. Takes Position in TKO Group Holdings, Inc. (NYSE:TKO)

Northern Right Capital Management L.P. acquired a new stake in TKO Group Holdings, Inc. (NYSE:TKO - Free Report) in the fourth quarter, according to its most recent filing with the SEC. The fund acquired 88,000 shares of the company's stock, valued at approximately $12,506,000. TKO Group makes up 4.6% of Northern Right Capital Management L.P.'s holdings, making the stock its 10th largest holding. Northern Right Capital Management L.P. owned approximately 0.05% of TKO Group as of its most recent filing with the SEC.

A number of other hedge funds have also recently made changes to their positions in TKO. Virtu Financial LLC purchased a new position in shares of TKO Group during the 3rd quarter valued at $221,000. Wilmington Savings Fund Society FSB bought a new stake in TKO Group in the third quarter worth $426,000. Tidal Investments LLC increased its position in shares of TKO Group by 259.1% in the third quarter. Tidal Investments LLC now owns 21,803 shares of the company's stock valued at $2,697,000 after acquiring an additional 15,732 shares during the period. Retirement Systems of Alabama increased its position in shares of TKO Group by 11.0% in the third quarter. Retirement Systems of Alabama now owns 80,707 shares of the company's stock valued at $9,984,000 after acquiring an additional 8,006 shares during the period. Finally, Principal Financial Group Inc. increased its position in shares of TKO Group by 1.1% in the third quarter. Principal Financial Group Inc. now owns 1,246,338 shares of the company's stock valued at $154,185,000 after acquiring an additional 13,148 shares during the period. 89.79% of the stock is currently owned by hedge funds and other institutional investors.

TKO Group Price Performance

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

TKO Group Dividend Announcement

The company also recently announced 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 dividend on an annualized basis and a dividend yield of 0.93%. TKO Group's dividend payout ratio is currently 7,600.00%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on TKO shares. Seaport Res Ptn upgraded shares of TKO Group from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, March 4th. The Goldman Sachs Group lifted their target price on TKO Group from $142.00 to $165.00 and gave the stock a "buy" rating in a report on Friday, January 24th. Guggenheim reissued a "buy" rating and issued a $175.00 target price on shares of TKO Group in a report on Wednesday, April 23rd. Susquehanna initiated coverage on TKO Group in a report on Monday. They issued a "positive" rating and a $180.00 price objective for the company. Finally, Morgan Stanley boosted their price target on TKO Group from $128.00 to $160.00 and gave the company an "equal weight" rating in a report on Monday, February 24th. Two equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $161.08.

Insider Activity at TKO Group

In other news, CEO Ariel Emanuel acquired 66,021 shares of the firm's stock in a transaction that occurred on Thursday, January 30th. The stock was purchased at an average cost of $158.39 per share, for a total transaction of $10,457,066.19. Following the completion of the acquisition, the chief executive officer now directly owns 1,605,610 shares of the company's stock, valued at $254,312,567.90. The trade was a 4.29 % increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Sonya E. Medina acquired 233 shares of the firm's stock in a transaction that occurred on Monday, March 17th. The stock was purchased at an average price of $142.93 per share, with a total value of $33,302.69. Following the completion of the acquisition, the director now directly owns 2,000 shares of the company's stock, valued at $285,860. This represents a 13.19 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 1,163,577 shares of company stock worth $191,541,458. Company insiders own 53.80% of the company's stock.

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.