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

Eastman Kodak (NYSE:KODK) was the target of some unusual options trading on Tuesday. Stock investors purchased 19,899 put options on the stock. This represents an increase of 260% compared to the average volume of 5,520 put options.

Institutional Trading of Eastman Kodak

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Novem Group purchased a new position in Eastman Kodak during the fourth quarter worth about $85,000. Squarepoint Ops LLC purchased a new position in shares of Eastman Kodak in the 4th quarter worth about $465,000. Two Sigma Investments LP raised 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 worth $488,000 after purchasing an additional 1,509 shares during the period. ProShare Advisors LLC raised 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 worth $112,000 after purchasing an additional 5,605 shares during the period. Finally, Millennium Management LLC raised 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 worth $617,000 after purchasing an additional 43,504 shares during the period. 33.65% of the stock is currently owned by hedge funds and other institutional investors.

Eastman Kodak Stock Up 1.9 %

Shares of NYSE:KODK opened at $6.65 on Thursday. The company has a quick ratio of 1.51, a current ratio of 2.41 and a debt-to-equity ratio of 0.47. Eastman Kodak has a 52-week low of $4.26 and a 52-week high of $8.24. The stock’s fifty day simple moving average is $7.09 and its 200-day simple moving average is $6.12. The company has a market capitalization of $534.90 million, a P/E ratio of 9.50 and a beta of 3.75.

Eastman Kodak (NYSE:KODK) last issued its quarterly earnings data on Monday, March 17th. The technology company reported $0.23 earnings per share (EPS) for the quarter. Eastman Kodak had a return on equity of 8.47% and a net margin of 7.70%. The business 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.