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

Eastman Kodak Company (NYSE:KODK) saw unusually large options trading activity on Monday. Stock investors purchased 9,193 call options on the stock. This represents an increase of 68% compared to the typical volume of 5,464 call options.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d+)” rating on shares of Eastman Kodak in a report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Sell”.

Eastman Kodak Stock Performance

NYSE KODK traded up $0.97 on Monday, reaching $8.76. 3,372,786 shares of the company’s stock traded hands, compared to its average volume of 1,330,280. Eastman Kodak has a fifty-two week low of $4.26 and a fifty-two week high of $8.72. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.46 and a current ratio of 0.79. The firm has a market cap of $709.80 million, a price-to-earnings ratio of -87.25 and a beta of 1.43. The stock has a 50 day moving average price of $6.33 and a 200-day moving average price of $6.25.

Eastman Kodak (NYSE:KODK) last posted its earnings results on Monday, August 11th. The technology company reported ($0.30) earnings per share for the quarter. The firm had revenue of $263.00 million for the quarter. Eastman Kodak had a net margin of 1.06% and a return on equity of 2.32%.

Insider Activity at Eastman Kodak

In other news, CEO James V. Continenza acquired 50,000 shares of the firm’s stock in a transaction dated Thursday, August 14th. The shares were purchased at an average cost of $5.74 per share, for a total transaction of $287,000.00. Following the transaction, the chief executive officer directly owned 1,902,011 shares of the company’s stock, valued at approximately $10,917,543.14. This trade represents a 2.70% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Philippe D. Katz bought 10,000 shares of Eastman Kodak stock in a transaction dated Thursday, August 14th. The stock was purchased at an average cost of $5.67 per share, for a total transaction of $56,700.00. Following the completion of the acquisition, the director directly owned 180,026 shares of the company’s stock, valued at approximately $1,020,747.42. The trade was a 5.88% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 23.87% of the company’s stock.

Institutional Trading of Eastman Kodak

Institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its position in shares of Eastman Kodak by 2.6% during the first quarter. Vanguard Group Inc. now owns 4,102,092 shares of the technology company’s stock worth $25,925,000 after purchasing an additional 104,703 shares in the last quarter. Marshall Wace LLP boosted its holdings in shares of Eastman Kodak by 50.6% in the second quarter. Marshall Wace LLP now owns 2,711,241 shares of the technology company’s stock valued at $15,319,000 after acquiring an additional 910,644 shares during the period. Geode Capital Management LLC increased its holdings in shares of Eastman Kodak by 3.4% in the 2nd quarter. Geode Capital Management LLC now owns 1,636,651 shares of the technology company’s stock valued at $9,249,000 after acquiring an additional 53,959 shares during the period. GMT Capital Corp raised its position in Eastman Kodak by 17.6% in the 1st quarter. GMT Capital Corp now owns 981,400 shares of the technology company’s stock valued at $6,202,000 after purchasing an additional 147,205 shares during the last quarter. Finally, Bridgeway Capital Management LLC boosted its stake in Eastman Kodak by 3.6% during the 2nd quarter. Bridgeway Capital Management LLC now owns 760,108 shares of the technology company’s stock worth $4,295,000 after purchasing an additional 26,729 shares during the period. 33.65% of the stock is owned by hedge funds and other institutional investors.

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.