Stock Traders Buy High Volume of Put Options on Eastman Kodak (NYSE:KODK)

Eastman Kodak (NYSE:KODK) was the recipient of some unusual options trading activity on Wednesday. Stock investors acquired 3,096 put options on the company. This represents an increase of approximately 24% compared to the average volume of 2,491 put options.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of KODK. Allspring Global Investments Holdings LLC acquired a new stake in shares of Eastman Kodak during the third quarter worth $25,000. Gladius Capital Management LP acquired a new position in shares of Eastman Kodak in the 2nd quarter valued at about $33,000. BNP Paribas Financial Markets grew its stake in Eastman Kodak by 21.3% during the third quarter. BNP Paribas Financial Markets now owns 12,607 shares of the technology company’s stock worth $60,000 after purchasing an additional 2,210 shares during the period. CWM LLC increased its holdings in Eastman Kodak by 128.4% in the second quarter. CWM LLC now owns 11,410 shares of the technology company’s stock worth $61,000 after purchasing an additional 6,415 shares in the last quarter. Finally, Intech Investment Management LLC bought a new position in shares of Eastman Kodak during the 3rd quarter worth approximately $62,000. 33.65% of the stock is owned by institutional investors and hedge funds.

Eastman Kodak Price Performance

Shares of NYSE:KODK opened at $6.73 on Friday. Eastman Kodak has a 52-week low of $3.33 and a 52-week high of $7.74. The company has a market capitalization of $540.69 million, a PE ratio of 9.61 and a beta of 3.73. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.51 and a current ratio of 2.41. The company has a fifty day moving average of $5.45 and a 200-day moving average of $5.35.

Eastman Kodak (NYSE:KODK) last announced its quarterly earnings results on Tuesday, November 12th. The technology company reported $0.15 EPS for the quarter. Eastman Kodak had a return on equity of 8.47% and a net margin of 7.70%. The firm had revenue of $261.00 million for the quarter.

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.