Kartoon Studios Sees Unusually High Options Volume (NASDAQ:TOON)

Kartoon Studios Inc. (NASDAQ:TOON) was the target of unusually large options trading on Monday. Stock investors purchased 11,400 call options on the company. This is an increase of approximately 4,690% compared to the typical daily volume of 238 call options.

Kartoon Studios Price Performance

Kartoon Studios stock traded up $0.02 during mid-day trading on Monday, reaching $0.63. 92,460 shares of the company were exchanged, compared to its average volume of 258,648. The firm has a market cap of $34.01 million, a PE ratio of -0.62 and a beta of 2.28. The company has a fifty day simple moving average of $0.75 and a 200-day simple moving average of $0.75. Kartoon Studios has a 12 month low of $0.46 and a 12 month high of $0.93.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of TOON. Jane Street Group LLC acquired a new position in Kartoon Studios in the second quarter valued at about $25,000. XTX Topco Ltd bought a new position in Kartoon Studios in the 1st quarter valued at about $25,000. Caption Management LLC bought a new position in Kartoon Studios in the 1st quarter valued at about $48,000. Anson Funds Management LP raised its position in shares of Kartoon Studios by 117.9% in the 3rd quarter. Anson Funds Management LP now owns 1,778,384 shares of the company’s stock valued at $1,312,000 after buying an additional 962,313 shares in the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of Kartoon Studios by 11.7% during the 3rd quarter. Vanguard Group Inc. now owns 1,834,119 shares of the company’s stock worth $1,354,000 after acquiring an additional 192,760 shares during the period. Institutional investors own 8.57% of the company’s stock.

About Kartoon Studios

Kartoon Studios Inc, a content and brand management company, creates, produces, licenses, and broadcasts educational and multimedia animated content for children worldwide. The company offers Shaq’s Garage, a children’s animated series about the secret adventures; Cocomelon that provides 3D animation videos of traditional nursery rhymes and children’s songs; Eggventurers, a preschool animated series; Barbie Productions that provides animated Barbie series; Octonauts, a children’s television series based on the children’s books; Roblox Rumble, an elimination-style competitive reality series; and Spin Master Productions.