Investors Buy Large Volume of TKO Group Put Options (NYSE:TKO)

TKO Group Holdings, Inc. (NYSE:TKO - Get Free Report) was the recipient of some unusual options trading on Tuesday. Stock traders bought 13,133 put options on the stock. This represents an increase of approximately 76% compared to the average volume of 7,469 put options.

Insider Buying and Selling at TKO Group

In other TKO Group news, CFO Andrew M. Schleimer sold 5,419 shares of the business's stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $141.94, for a total transaction of $769,172.86. Following the transaction, the chief financial officer now owns 6,995 shares of the company's stock, valued at $992,870.30. The trade was a 43.65 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Patrick Whitesell purchased 156,446 shares of the stock in a transaction on Tuesday, February 11th. The shares were bought at an average cost of $175.60 per share, for a total transaction of $27,471,917.60. Following the transaction, the insider now directly owns 2,461,668 shares in the company, valued at approximately $432,268,900.80. The trade was a 6.79 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 2,498,297 shares of company stock worth $387,671,461 and have sold 71,457 shares worth $10,153,456. Company insiders own 53.80% of the company's stock.

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Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Park Avenue Securities LLC grew its holdings in TKO Group by 59.2% in the 4th quarter. Park Avenue Securities LLC now owns 13,004 shares of the company's stock valued at $1,848,000 after buying an additional 4,836 shares in the last quarter. Retirement Systems of Alabama lifted its position in shares of TKO Group by 11.0% during the 3rd 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. HighTower Advisors LLC lifted its position in shares of TKO Group by 177.2% during the 3rd quarter. HighTower Advisors LLC now owns 26,197 shares of the company's stock valued at $3,225,000 after acquiring an additional 16,746 shares during the period. Petrus Trust Company LTA bought a new stake in shares of TKO Group during the 3rd quarter valued at $597,000. Finally, Massachusetts Financial Services Co. MA lifted its position in shares of TKO Group by 29.1% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,704,728 shares of the company's stock valued at $210,892,000 after acquiring an additional 383,869 shares during the period. 89.79% of the stock is owned by institutional investors and hedge funds.

TKO Group Stock Performance

NYSE TKO traded down $3.60 on Friday, reaching $143.39. The stock had a trading volume of 2,562,261 shares, compared to its average volume of 974,747. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.17 and a quick ratio of 1.17. The firm has a fifty day moving average of $153.64 and a two-hundred day moving average of $136.25. TKO Group has a 1-year low of $79.32 and a 1-year high of $179.09. The company has a market cap of $24.49 billion, a P/E ratio of -341.40 and a beta of 1.08.

TKO Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date is Friday, March 14th. TKO Group's dividend payout ratio is 7,600.00%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on TKO. Morgan Stanley boosted their price target on TKO Group from $128.00 to $160.00 and gave the stock an "equal weight" rating in a research report on Monday, February 24th. Guggenheim boosted their price target on TKO Group from $170.00 to $175.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th. Benchmark reaffirmed a "hold" rating on shares of TKO Group in a research report on Monday, March 3rd. UBS Group boosted their price target on TKO Group from $135.00 to $170.00 and gave the stock a "buy" rating in a research report on Tuesday, January 7th. Finally, Pivotal Research reissued a "buy" rating and set a $195.00 target price (up from $145.00) on shares of TKO Group in a report on Thursday, February 27th. Two investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $157.00.

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.