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

Eastman Kodak (NYSE:KODK - Get Free Report) saw unusually large options trading activity on Wednesday. Stock traders bought 5,232 put options on the company. This represents an increase of 47% compared to the typical daily volume of 3,567 put options.

Eastman Kodak Price Performance

Shares of NYSE:KODK traded up $0.29 during trading hours on Thursday, hitting $7.32. 1,898,936 shares of the company's stock traded hands, compared to its average volume of 1,263,324. The company's fifty day simple moving average is $6.43 and its two-hundred day simple moving average is $5.56. The company has a market cap of $588.13 million, a price-to-earnings ratio of 10.45 and a beta of 3.70. 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 52 week low of $3.33 and a 52 week high of $7.74.

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

Insiders Place Their Bets

In other news, Director Michael Sileck bought 10,000 shares of the firm's stock in a transaction that occurred on Thursday, December 19th. The stock was acquired at an average price of $7.02 per share, with a total value of $70,200.00. Following the completion of the purchase, the director now directly owns 107,940 shares of the company's stock, valued at $757,738.80. This represents a 10.21 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Philippe D. Katz bought 6,000 shares of the stock in a transaction that occurred on Wednesday, December 11th. The shares were purchased at an average cost of $6.50 per share, for a total transaction of $39,000.00. Following the completion of the acquisition, the director now owns 170,026 shares of the company's stock, valued at $1,105,169. This trade represents a 3.66 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 23.86% of the stock is owned by insiders.

Hedge Funds Weigh In On Eastman Kodak

A number of hedge funds have recently modified their holdings of the stock. BNP Paribas Financial Markets lifted its holdings in shares of Eastman Kodak by 21.3% during the third quarter. BNP Paribas Financial Markets now owns 12,607 shares of the technology company's stock valued at $60,000 after purchasing an additional 2,210 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in Eastman Kodak during the third quarter valued at about $25,000. Rhumbline Advisers boosted its holdings in shares of Eastman Kodak by 6.4% in the second quarter. Rhumbline Advisers now owns 99,260 shares of the technology company's stock worth $534,000 after buying an additional 5,988 shares during the period. Creative Planning increased its position in shares of Eastman Kodak by 25.8% in the third quarter. Creative Planning now owns 32,140 shares of the technology company's stock worth $152,000 after acquiring an additional 6,593 shares in the last quarter. Finally, SG Americas Securities LLC raised its holdings in shares of Eastman Kodak by 102.5% during the third quarter. SG Americas Securities LLC now owns 22,609 shares of the technology company's stock valued at $107,000 after acquiring an additional 11,443 shares during the period. 33.65% of the stock is currently owned by institutional investors and hedge funds.

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.