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

Eastman Kodak (NYSE:KODK) was the target of unusually large options trading activity on Wednesday. Stock investors purchased 3,096 put options on the stock. This represents an increase of approximately 24% compared to the typical daily volume of 2,491 put options.

Institutional Investors Weigh In On Eastman Kodak

Institutional investors have recently made changes to their positions in the company. Allspring Global Investments Holdings LLC bought a new position in Eastman Kodak during the third quarter worth about $25,000. Gladius Capital Management LP acquired a new stake in shares of Eastman Kodak in the second quarter valued at approximately $33,000. BNP Paribas Financial Markets boosted its stake in shares of Eastman Kodak by 21.3% in the third quarter. BNP Paribas Financial Markets now owns 12,607 shares of the technology company’s stock valued at $60,000 after buying an additional 2,210 shares during the period. CWM LLC increased its stake in Eastman Kodak by 128.4% during the 2nd quarter. CWM LLC now owns 11,410 shares of the technology company’s stock worth $61,000 after acquiring an additional 6,415 shares during the period. Finally, Intech Investment Management LLC bought a new position in Eastman Kodak during the 3rd quarter worth $62,000. Institutional investors own 33.65% of the company’s stock.

Eastman Kodak Stock Down 0.6 %

Shares of KODK stock traded down $0.04 during trading on Wednesday, reaching $6.62. The company’s stock had a trading volume of 304,595 shares, compared to its average volume of 928,541. Eastman Kodak has a one year low of $3.33 and a one year high of $7.74. The company has a market cap of $532.25 million, a price-to-earnings ratio of 9.52 and a beta of 3.73. The company has a quick ratio of 1.51, a current ratio of 2.41 and a debt-to-equity ratio of 0.47. The business has a fifty day moving average price of $5.38 and a 200-day moving average price of $5.33.

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

Analysts Set New Price Targets

Separately, StockNews.com raised Eastman Kodak from a “sell” rating to a “hold” rating in a research note on Tuesday, August 13th.

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.