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

Eastman Kodak Company (NYSE:KODK) was the target of some unusual options trading activity on Monday. Traders acquired 29,031 call options on the company. This is an increase of approximately 637% compared to the average daily volume of 3,937 call options.

Hedge Funds Weigh In On Eastman Kodak

Several institutional investors and hedge funds have recently bought and sold shares of KODK. Foster Group Inc. acquired a new position in shares of Eastman Kodak in the 2nd quarter valued at $102,000. Byrne Asset Management LLC purchased a new position in shares of Eastman Kodak in the 2nd quarter worth $39,000. Empowered Funds LLC boosted its holdings in Eastman Kodak by 4.2% in the first quarter. Empowered Funds LLC now owns 435,379 shares of the technology company’s stock valued at $2,752,000 after acquiring an additional 17,621 shares during the last quarter. Caxton Associates LLP acquired a new position in Eastman Kodak in the first quarter valued at $553,000. Finally, Tenzing Global Management LLC purchased a new stake in Eastman Kodak during the first quarter valued at about $1,580,000. Institutional investors and hedge funds own 33.65% of the company’s stock.

Eastman Kodak Price Performance

Shares of NYSE:KODK opened at $6.60 on Wednesday. The company has a market cap of $533.22 million, a P/E ratio of 13.47 and a beta of 3.73. The business has a fifty day simple moving average of $6.05 and a 200-day simple moving average of $6.46. Eastman Kodak has a 52 week low of $4.26 and a 52 week high of $8.24. The company has a quick ratio of 1.31, a current ratio of 2.21 and a debt-to-equity ratio of 0.84.

Eastman Kodak (NYSE:KODK) last issued its quarterly earnings results on Thursday, May 8th. The technology company reported ($0.12) earnings per share (EPS) for the quarter. Eastman Kodak had a return on equity of 8.01% and a net margin of 6.05%.

Analyst Ratings Changes

Separately, Wall Street Zen lowered shares of Eastman Kodak from a “hold” rating to a “sell” rating in a research report on Monday, May 12th.

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.