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

TKO Group Holdings, Inc. (NYSE:TKOGet Free Report) was the target of some unusual options trading on Tuesday. Investors purchased 2,500 put options on the stock. This represents an increase of 26% compared to the typical daily volume of 1,979 put options.

TKO Group Trading Down 1.3 %

NYSE:TKO opened at $110.75 on Wednesday. The stock has a market capitalization of $18.86 billion, a price-to-earnings ratio of -109.65 and a beta of 1.04. TKO Group has a 1 year low of $72.33 and a 1 year high of $113.30. The stock has a fifty day moving average price of $105.82 and a two-hundred day moving average price of $92.93. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.99 and a current ratio of 0.99.

TKO Group (NYSE:TKOGet Free Report) last posted its earnings results on Wednesday, May 8th. The company reported $2.14 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $1.63. TKO Group had a positive return on equity of 4.15% and a negative net margin of 4.14%. The company had revenue of $629.70 million for the quarter, compared to the consensus estimate of $609.28 million. As a group, sell-side analysts anticipate that TKO Group will post 4.19 earnings per share for the current fiscal year.

Analysts Set New Price Targets

TKO has been the topic of a number of recent research reports. Citigroup upped their target price on shares of TKO Group from $125.00 to $130.00 and gave the stock a “buy” rating in a research note on Tuesday, March 19th. Bank of America initiated coverage on shares of TKO Group in a research note on Friday, March 15th. They set a “buy” rating and a $100.00 target price for the company. Jefferies Financial Group increased their price objective on TKO Group from $120.00 to $131.00 and gave the company a “buy” rating in a report on Friday, April 12th. Roth Mkm boosted their target price on TKO Group from $112.00 to $121.00 and gave the stock a “buy” rating in a research note on Thursday, May 9th. Finally, JPMorgan Chase & Co. upped their price target on TKO Group from $103.00 to $126.00 and gave the company an “overweight” rating in a report on Wednesday, May 29th. Two analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $113.46.

Get Our Latest Analysis on TKO Group

Institutional Trading of TKO Group

Several institutional investors and hedge funds have recently modified their holdings of TKO. Advisors Asset Management Inc. purchased a new position in TKO Group during the third quarter worth about $626,000. Ameriprise Financial Inc. purchased a new stake in shares of TKO Group during the third quarter valued at approximately $64,949,000. Sei Investments Co. acquired a new position in shares of TKO Group during the third quarter worth $13,958,000. Braun Stacey Associates Inc. acquired a new stake in TKO Group during the 3rd quarter valued at $12,460,000. Finally, Josh Arnold Investment Consultant LLC acquired a new stake in shares of TKO Group during the third quarter valued at about $1,235,000. Hedge funds and other institutional investors own 89.79% of the company’s stock.

About TKO Group

(Get Free Report)

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.

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