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

Eastman Kodak Company (NYSE:KODK) saw some unusual options trading activity on Thursday. Investors purchased 10,641 call options on the stock. This is an increase of approximately 352% compared to the typical volume of 2,353 call options.

Institutional Investors Weigh In On Eastman Kodak

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Virtu Financial LLC purchased a new position in Eastman Kodak during the fourth quarter worth about $134,000. Empowered Funds LLC grew its stake in shares of Eastman Kodak by 10.9% in the 4th quarter. Empowered Funds LLC now owns 353,909 shares of the technology company’s stock valued at $2,994,000 after buying an additional 34,646 shares during the period. XTX Topco Ltd increased its holdings in shares of Eastman Kodak by 17.3% during the 4th quarter. XTX Topco Ltd now owns 65,967 shares of the technology company’s stock worth $558,000 after buying an additional 9,744 shares during the last quarter. Voloridge Investment Management LLC acquired a new stake in shares of Eastman Kodak during the 4th quarter worth approximately $475,000. Finally, Tudor Investment Corp ET AL purchased a new stake in shares of Eastman Kodak during the 4th quarter valued at approximately $116,000. 33.65% of the stock is currently owned by institutional investors and hedge funds.

Eastman Kodak Stock Performance

NYSE KODK opened at $11.27 on Friday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 2.32 and a current ratio of 3.14. The stock’s fifty day moving average is $7.72 and its two-hundred day moving average is $7.49. The firm has a market capitalization of $1.10 billion, a P/E ratio of -6.30 and a beta of 1.36. Eastman Kodak has a fifty-two week low of $4.93 and a fifty-two week high of $11.61.

Eastman Kodak (NYSE:KODK) last issued its earnings results on Thursday, March 12th. The technology company reported ($1.23) earnings per share (EPS) for the quarter. Eastman Kodak had a negative net margin of 11.97% and a negative return on equity of 19.99%. The company had revenue of $290.00 million during the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d+)” rating on shares of Eastman Kodak in a report on Wednesday, January 21st. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Eastman Kodak Company Profile

Eastman Kodak Company (NYSE: KODK) is a global technology firm specializing in imaging, printing and advanced materials. The company offers a wide array of products and services that enable customers to create, manage and share visual content across traditional and digital platforms. Its core offerings include graphic communications solutions, enterprise inkjet systems, packaging technologies, functional printing and micro 3D printing systems.

Kodak’s graphic communications segment serves commercial printers, packaging converters and publishing houses with offset plates, digital presses, workflow software and services designed to streamline production.