TKO Group Sees Unusually High Options Volume (NYSE:TKO)

TKO Group Holdings, Inc. (NYSE:TKO) saw unusually large options trading on Wednesday. Traders acquired 5,061 put options on the company. This is an increase of 72% compared to the average daily volume of 2,945 put options.

Analyst Ratings Changes

TKO has been the subject of several recent analyst reports. TD Cowen raised their price objective on shares of TKO Group from $140.00 to $143.00 and gave the company a “buy” rating in a research note on Tuesday, October 29th. Pivotal Research upped their target price on shares of TKO Group from $140.00 to $145.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Bank of America started coverage on TKO Group in a research note on Tuesday, August 20th. They issued a “buy” rating and a $140.00 price target on the stock. JPMorgan Chase & Co. boosted their price objective on shares of TKO Group from $132.00 to $137.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. Finally, Guggenheim raised their price target on shares of TKO Group from $135.00 to $140.00 and gave the company a “buy” rating in a report on Monday, September 30th. Three equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, TKO Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $131.00.

Insiders Place Their Bets

In related news, insider Mark S. Shapiro sold 31,026 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $114.76, for a total transaction of $3,560,543.76. Following the completion of the transaction, the insider now directly owns 42,156 shares of the company’s stock, valued at $4,837,822.56. This represents a 42.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. 53.80% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Blue Trust Inc. lifted its holdings in shares of TKO Group by 52.4% in the 3rd quarter. Blue Trust Inc. now owns 259 shares of the company’s stock worth $32,000 after purchasing an additional 89 shares during the last quarter. Coldstream Capital Management Inc. raised its position in shares of TKO Group by 3.3% during the 3rd quarter. Coldstream Capital Management Inc. now owns 3,070 shares of the company’s stock worth $379,000 after buying an additional 97 shares in the last quarter. Quent Capital LLC lifted its stake in shares of TKO Group by 17.4% in the 3rd quarter. Quent Capital LLC now owns 680 shares of the company’s stock worth $84,000 after acquiring an additional 101 shares during the period. Signaturefd LLC increased its stake in shares of TKO Group by 39.4% during the third quarter. Signaturefd LLC now owns 386 shares of the company’s stock valued at $48,000 after acquiring an additional 109 shares during the period. Finally, Integrated Wealth Concepts LLC lifted its position in TKO Group by 6.2% in the third quarter. Integrated Wealth Concepts LLC now owns 2,126 shares of the company’s stock worth $263,000 after purchasing an additional 125 shares during the period. Institutional investors own 89.79% of the company’s stock.

TKO Group Stock Up 3.1 %

TKO stock opened at $136.89 on Friday. 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 firm has a 50 day simple moving average of $122.83 and a 200-day simple moving average of $114.28. The company has a market capitalization of $23.38 billion, a P/E ratio of -325.93 and a beta of 1.06. TKO Group has a twelve month low of $72.33 and a twelve month high of $137.25.

TKO Group (NYSE:TKO) last released its earnings results on Wednesday, November 6th. The company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.28). TKO Group had a positive return on equity of 3.39% and a negative net margin of 1.26%. The company had revenue of $681.20 million during the quarter, compared to the consensus estimate of $665.12 million. During the same period in the previous year, the firm posted $0.52 EPS. TKO Group’s revenue for the quarter was up 51.7% on a year-over-year basis. On average, equities research analysts predict that TKO Group will post 3.88 earnings per share for the current fiscal year.

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.