Eastman Kodak Sees Unusually High Options Volume (NYSE:KODK)

Eastman Kodak (NYSE:KODK) saw unusually large options trading on Tuesday. Investors acquired 19,899 put options on the company. This represents an increase of approximately 260% compared to the typical daily volume of 5,520 put options.

Insider Transactions at Eastman Kodak

In related news, Director Michael Sileck acquired 10,000 shares of the stock in a transaction on Thursday, December 19th. The shares were purchased at an average price of $7.02 per share, for a total transaction of $70,200.00. Following the purchase, the director now directly owns 107,940 shares in the company, valued at approximately $757,738.80. The trade was a 10.21 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. 23.86% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Eastman Kodak

A number of hedge funds have recently added to or reduced their stakes in the stock. Novem Group acquired a new stake in shares of Eastman Kodak in the 4th quarter valued at $85,000. Squarepoint Ops LLC acquired a new stake in shares of Eastman Kodak in the 4th quarter valued at $465,000. Two Sigma Investments LP boosted its holdings in shares of Eastman Kodak by 2.1% in the 4th quarter. Two Sigma Investments LP now owns 74,210 shares of the technology company’s stock valued at $488,000 after purchasing an additional 1,509 shares in the last quarter. ProShare Advisors LLC boosted its holdings in shares of Eastman Kodak by 49.0% in the 4th quarter. ProShare Advisors LLC now owns 17,035 shares of the technology company’s stock valued at $112,000 after purchasing an additional 5,605 shares in the last quarter. Finally, Millennium Management LLC boosted its holdings in shares of Eastman Kodak by 86.2% in the 4th quarter. Millennium Management LLC now owns 93,983 shares of the technology company’s stock valued at $617,000 after purchasing an additional 43,504 shares in the last quarter. Institutional investors own 33.65% of the company’s stock.

Eastman Kodak Price Performance

Eastman Kodak stock opened at $6.55 on Wednesday. The stock’s fifty day moving average price is $7.08 and its two-hundred day moving average price is $6.11. Eastman Kodak has a one year low of $4.26 and a one year high of $8.24. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.41 and a quick ratio of 1.51. The firm has a market cap of $526.22 million, a PE ratio of 9.35 and a beta of 3.75.

Eastman Kodak (NYSE:KODK) last posted its quarterly earnings data on Monday, March 17th. The technology company reported $0.23 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 $266.00 million for the quarter.

About Eastman Kodak

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.