Eastman Kodak Target of Unusually High Options Trading (NYSE:KODK)

Eastman Kodak (NYSE:KODK) was the target of some unusual options trading activity on Wednesday. Stock traders bought 8,194 call options on the stock. This is an increase of approximately 52% compared to the average daily volume of 5,390 call options.

Eastman Kodak Trading Up 18.1 %

Shares of Eastman Kodak stock opened at $6.26 on Thursday. Eastman Kodak has a twelve month low of $4.26 and a twelve month high of $8.24. The company has a quick ratio of 1.51, a current ratio of 2.41 and a debt-to-equity ratio of 0.47. The business has a 50-day moving average price of $6.78 and a 200-day moving average price of $6.24. The firm has a market cap of $504.56 million, a price-to-earnings ratio of 8.94 and a beta of 3.67.

Eastman Kodak (NYSE:KODK) last released its quarterly earnings results on Monday, March 17th. The technology company reported $0.23 earnings per share for the quarter. Eastman Kodak had a return on equity of 8.47% and a net margin of 7.70%. The business had revenue of $266.00 million during the quarter.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of KODK. GAMMA Investing LLC lifted its position in Eastman Kodak by 1,163.0% during the first quarter. GAMMA Investing LLC now owns 7,363 shares of the technology company’s stock valued at $47,000 after purchasing an additional 6,780 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of Eastman Kodak by 21.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 12,607 shares of the technology company’s stock valued at $60,000 after acquiring an additional 2,210 shares during the last quarter. Commonwealth Equity Services LLC bought a new position in shares of Eastman Kodak in the 4th quarter valued at about $67,000. Trexquant Investment LP purchased a new position in Eastman Kodak in the fourth quarter worth about $74,000. Finally, Novem Group bought a new stake in Eastman Kodak during the fourth quarter worth approximately $85,000. 33.65% of the stock is owned by hedge funds and other institutional investors.

Eastman Kodak Company Profile

Eastman Kodak Company engages in the provision of hardware, software, consumables, and services to customers in the commercial print, packaging, publishing, manufacturing, and entertainment markets worldwide. The company operates through three segments: Print, Advanced Materials and Chemicals, and Brand.