Investors Purchase Large Volume of Eastman Kodak Call Options (NYSE:KODK)

Eastman Kodak (NYSE:KODK) was the recipient of unusually large options trading activity on Wednesday. Traders bought 8,194 call options on the stock. This represents an increase of approximately 52% compared to the typical volume of 5,390 call options.

Institutional Investors Weigh In On Eastman Kodak

A number of large investors have recently bought and sold shares of the company. Yakira Capital Management Inc. purchased a new position in Eastman Kodak during the 4th quarter worth approximately $328,000. JPMorgan Chase & Co. boosted its holdings in Eastman Kodak by 75.3% in the third quarter. JPMorgan Chase & Co. now owns 222,065 shares of the technology company’s stock valued at $1,048,000 after purchasing an additional 95,402 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Eastman Kodak by 3.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,528,671 shares of the technology company’s stock valued at $7,217,000 after buying an additional 57,487 shares during the last quarter. First Eagle Investment Management LLC purchased a new stake in shares of Eastman Kodak in the fourth quarter worth about $2,138,000. Finally, Empowered Funds LLC grew its holdings in Eastman Kodak by 22.0% during the fourth quarter. Empowered Funds LLC now owns 417,758 shares of the technology company’s stock worth $2,745,000 after acquiring an additional 75,298 shares during the period. Hedge funds and other institutional investors own 33.65% of the company’s stock.

Eastman Kodak Stock Up 8.6 %

KODK stock traded up $0.46 on Wednesday, hitting $5.76. 954,583 shares of the company’s stock were exchanged, compared to its average volume of 920,744. The firm has a 50 day moving average price of $6.82 and a two-hundred day moving average price of $6.23. The stock has a market cap of $463.85 million, a P/E ratio of 8.17 and a beta of 3.67. 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 12-month low of $4.26 and a 12-month high of $8.24.

Eastman Kodak (NYSE:KODK) last posted its quarterly earnings data on Monday, March 17th. The technology company reported $0.23 EPS for the quarter. The business had revenue of $266.00 million during the quarter. Eastman Kodak had a net margin of 7.70% and a return on equity of 8.47%.

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.