Investors Purchase High Volume of Eastman Kodak Put Options (NYSE:KODK)

Eastman Kodak (NYSE:KODK - Get Free Report) was the recipient of unusually large options trading activity on Tuesday. Stock investors purchased 19,899 put options on the company. This is an increase of approximately 260% compared to the average volume of 5,520 put options.

Eastman Kodak Stock Performance

Shares of KODK traded down $0.30 during mid-day trading on Friday, reaching $6.21. 1,456,745 shares of the company's stock traded hands, compared to its average volume of 903,361. The business's 50-day moving average price is $7.09 and its 200-day moving average price is $6.13. The stock has a market capitalization of $499.20 million, a P/E ratio of 8.87 and a beta of 3.75. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.51 and a current ratio of 2.41. Eastman Kodak has a 12 month low of $4.26 and a 12 month high of $8.24.

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

Institutional Investors Weigh In On Eastman Kodak

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Novem Group bought a new stake in Eastman Kodak during the fourth quarter worth approximately $85,000. Squarepoint Ops LLC acquired a new position in Eastman Kodak in the fourth quarter worth approximately $465,000. Two Sigma Investments LP grew its position in Eastman Kodak by 2.1% in the fourth quarter. Two Sigma Investments LP now owns 74,210 shares of the technology company's stock worth $488,000 after buying an additional 1,509 shares during the last quarter. ProShare Advisors LLC grew its position in Eastman Kodak by 49.0% in the fourth quarter. ProShare Advisors LLC now owns 17,035 shares of the technology company's stock worth $112,000 after buying an additional 5,605 shares during the last quarter. Finally, Millennium Management LLC grew its position in Eastman Kodak by 86.2% in the fourth quarter. Millennium Management LLC now owns 93,983 shares of the technology company's stock worth $617,000 after buying an additional 43,504 shares during the last quarter. Institutional investors own 33.65% of the company's stock.

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.