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

Eastman Kodak (NYSE:KODK) was the recipient of some unusual options trading on Wednesday. Investors bought 11,299 call options on the company. This is an increase of approximately 700% compared to the average daily volume of 1,413 call options.

Eastman Kodak Stock Up 7.9 %

Eastman Kodak stock opened at $7.14 on Friday. The firm has a market capitalization of $574.06 million, a price-to-earnings ratio of 10.20 and a beta of 3.64. The firm’s fifty day moving average price is $5.04 and its two-hundred day moving average price is $5.21. Eastman Kodak has a 1-year low of $3.33 and a 1-year high of $7.50. 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) 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 during 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 institutional investors have recently bought and sold shares of KODK. Franklin Resources Inc. bought a new position in Eastman Kodak during the 3rd quarter valued at $180,000. Barclays PLC raised its holdings in shares of Eastman Kodak by 277.6% in the third quarter. Barclays PLC now owns 79,094 shares of the technology company’s stock valued at $373,000 after purchasing an additional 58,150 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Eastman Kodak by 3.9% during the third quarter. Geode Capital Management LLC now owns 1,528,671 shares of the technology company’s stock valued at $7,217,000 after purchasing an additional 57,487 shares in the last quarter. State Street Corp boosted its holdings in Eastman Kodak by 1.1% during the third quarter. State Street Corp now owns 1,956,101 shares of the technology company’s stock worth $9,233,000 after purchasing an additional 20,731 shares during the last quarter. Finally, Cobblestone Capital Advisors LLC NY bought a new stake in Eastman Kodak in the 3rd quarter worth about $95,000. Institutional investors own 33.65% of the company’s stock.

Analyst Ratings Changes

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

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.