Stock Traders Purchase High Volume of Put Options on TKO Group (NYSE:TKO)

TKO Group Holdings, Inc. (NYSE:TKO) was the recipient of unusually large options trading on Tuesday. Stock investors acquired 13,133 put options on the company. This represents an increase of 76% compared to the typical daily volume of 7,469 put options.

Insider Transactions at TKO Group

In related news, major shareholder Patrick Whitesell purchased 263,200 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The stock was bought at an average cost of $146.97 per share, with a total value of $38,682,504.00. Following the completion of the purchase, the insider now directly owns 418,587 shares in the company, valued at approximately $61,519,731.39. This represents a 169.38 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Shane Kapral sold 1,034 shares of TKO Group stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $141.94, for a total value of $146,765.96. Following the sale, the chief accounting officer now directly owns 2,225 shares in the company, valued at approximately $315,816.50. The trade was a 31.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have acquired 2,498,297 shares of company stock worth $387,671,461 and have sold 71,457 shares worth $10,153,456. Corporate insiders own 53.80% of the company’s stock.

Institutional Trading of TKO Group

Institutional investors and hedge funds have recently modified their holdings of the business. Smartleaf Asset Management LLC lifted its holdings in shares of TKO Group by 559.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 178 shares of the company’s stock valued at $26,000 after purchasing an additional 151 shares in the last quarter. Geneos Wealth Management Inc. bought a new position in TKO Group during the 4th quarter valued at about $32,000. First Horizon Advisors Inc. boosted its holdings in shares of TKO Group by 491.5% during the 3rd quarter. First Horizon Advisors Inc. now owns 278 shares of the company’s stock valued at $34,000 after acquiring an additional 231 shares during the last quarter. Game Plan Financial Advisors LLC grew its stake in shares of TKO Group by 172.2% in the fourth quarter. Game Plan Financial Advisors LLC now owns 245 shares of the company’s stock worth $35,000 after acquiring an additional 155 shares during the period. Finally, SBI Securities Co. Ltd. purchased a new position in shares of TKO Group during the fourth quarter valued at approximately $38,000. Institutional investors own 89.79% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on TKO. Benchmark restated a “hold” rating on shares of TKO Group in a research report on Monday. The Goldman Sachs Group boosted their target price on shares of TKO Group from $142.00 to $165.00 and gave the company a “buy” rating in a report on Friday, January 24th. Citigroup upped their target price on shares of TKO Group from $137.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday, December 17th. Guggenheim lifted their price target on shares of TKO Group from $170.00 to $175.00 and gave the company a “buy” rating in a research report on Thursday, February 27th. Finally, Seaport Res Ptn cut shares of TKO Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 11th. Three research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $157.00.

TKO Group Trading Down 0.8 %

Shares of NYSE TKO opened at $146.60 on Wednesday. The firm’s 50 day moving average price is $153.45 and its 200-day moving average price is $135.76. TKO Group has a 52-week low of $78.69 and a 52-week high of $179.09. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.17 and a current ratio of 1.17. The company has a market cap of $25.03 billion, a PE ratio of -349.05 and a beta of 1.06.

TKO Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a $0.38 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.52 annualized dividend and a yield of 1.04%. TKO Group’s dividend payout ratio (DPR) is presently 7,600.00%.

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.