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

Eastman Kodak (NYSE:KODK - Get Free Report) was the recipient of unusually large options trading activity on Wednesday. Traders bought 5,232 put options on the stock. This represents an increase of approximately 47% compared to the average daily volume of 3,567 put options.

Insiders Place Their Bets

In related news, Director Michael Sileck purchased 10,000 shares of Eastman Kodak stock in a transaction dated Thursday, December 19th. The stock was bought at an average cost of $7.02 per share, with a total value of $70,200.00. Following the purchase, the director now owns 107,940 shares in the company, valued at approximately $757,738.80. The trade was a 10.21 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Philippe D. Katz purchased 6,000 shares of Eastman Kodak stock in a transaction dated Wednesday, December 11th. The stock was bought at an average cost of $6.50 per share, with a total value of $39,000.00. Following the completion of the purchase, the director now owns 170,026 shares in the company, valued at approximately $1,105,169. This trade represents a 3.66 % increase in their position. The disclosure for this purchase can be found here. 23.86% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP increased its stake in Eastman Kodak by 49.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,007,735 shares of the technology company's stock valued at $10,801,000 after buying an additional 659,991 shares during the period. State Street Corp increased its stake in Eastman Kodak by 1.1% in the 3rd quarter. State Street Corp now owns 1,956,101 shares of the technology company's stock valued at $9,233,000 after buying an additional 20,731 shares during the period. Geode Capital Management LLC increased its stake in Eastman Kodak by 3.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,528,671 shares of the technology company's stock valued at $7,217,000 after buying an additional 57,487 shares during the period. Royce & Associates LP increased its stake in Eastman Kodak by 7.4% in the 3rd quarter. Royce & Associates LP now owns 940,334 shares of the technology company's stock valued at $4,438,000 after buying an additional 64,680 shares during the period. Finally, AQR Capital Management LLC increased its stake in Eastman Kodak by 2.1% in the 2nd quarter. AQR Capital Management LLC now owns 826,827 shares of the technology company's stock valued at $4,448,000 after buying an additional 16,693 shares during the period. Institutional investors and hedge funds own 33.65% of the company's stock.

Eastman Kodak Price Performance

KODK stock traded up $0.55 on Wednesday, hitting $7.00. 1,505,426 shares of the company's stock traded hands, compared to its average volume of 1,191,139. Eastman Kodak has a 1-year low of $3.33 and a 1-year high of $7.74. The stock has a market cap of $562.80 million, a price-to-earnings ratio of 10.00 and a beta of 3.70. The stock has a fifty day moving average of $6.36 and a 200-day moving average of $5.54. The company has a current ratio of 2.41, a quick ratio of 1.51 and a debt-to-equity ratio of 0.47.

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

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.