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

Eastman Kodak (NYSE:KODK) was the recipient of some unusual options trading on Friday. Traders acquired 6,903 call options on the company. This represents an increase of 51% compared to the average volume of 4,561 call options.

Eastman Kodak Trading Down 19.9 %

NYSE:KODK opened at $5.37 on Friday. Eastman Kodak has a 1 year low of $4.26 and a 1 year high of $8.24. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.51 and a current ratio of 2.41. The stock has a fifty day moving average price of $6.27 and a two-hundred day moving average price of $6.46. The stock has a market capitalization of $433.71 million, a price-to-earnings ratio of 7.67 and a beta of 3.92.

Eastman Kodak (NYSE:KODK) last announced 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 net margin of 7.70% and a return on equity of 8.47%.

Institutional Investors Weigh In On Eastman Kodak

Hedge funds and other institutional investors have recently modified their holdings of the stock. First Eagle Investment Management LLC purchased a new position in Eastman Kodak in the 4th quarter valued at approximately $2,138,000. Susquehanna Fundamental Investments LLC purchased a new position in shares of Eastman Kodak in the fourth quarter valued at $1,316,000. Segall Bryant & Hamill LLC acquired a new position in shares of Eastman Kodak during the 1st quarter worth $967,000. Northern Trust Corp boosted its position in shares of Eastman Kodak by 27.2% in the 4th quarter. Northern Trust Corp now owns 686,532 shares of the technology company’s stock worth $4,511,000 after buying an additional 146,674 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in Eastman Kodak by 5.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,465,814 shares of the technology company’s stock valued at $16,202,000 after acquiring an additional 123,669 shares during the last quarter. 33.65% of the stock is currently owned by institutional investors and hedge funds.

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.