Stock Traders Buy High Volume of Put Options on Eastman Kodak (NYSE:KODK)

Eastman Kodak (NYSE:KODK) was the target of unusually large options trading activity on Wednesday. Investors purchased 5,232 put options on the company. This represents an increase of approximately 47% compared to the typical volume of 3,567 put options.

Eastman Kodak Stock Up 3.7 %

Shares of Eastman Kodak stock traded up $0.24 during trading on Wednesday, hitting $6.69. 232,926 shares of the stock were exchanged, compared to its average volume of 1,043,653. The stock has a market cap of $537.88 million, a price-to-earnings ratio of 9.56 and a beta of 3.70. The firm’s 50-day moving average price is $6.36 and its 200 day moving average price is $5.54. Eastman Kodak has a 12-month low of $3.33 and a 12-month high of $7.74. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.41 and a quick ratio of 1.51.

Eastman Kodak (NYSE:KODK) last posted its quarterly earnings data on Tuesday, November 12th. The technology company reported $0.15 EPS for the quarter. The company had revenue of $261.00 million for the quarter. Eastman Kodak had a net margin of 7.70% and a return on equity of 8.47%.

Insider Transactions at Eastman Kodak

In other Eastman Kodak news, Director Philippe D. Katz purchased 6,000 shares of the firm’s stock in a transaction on Wednesday, December 11th. The stock was bought at an average price of $6.50 per share, with a total value of $39,000.00. Following the transaction, the director now directly owns 170,026 shares of the company’s stock, valued at approximately $1,105,169. This represents a 3.66 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Michael Sileck purchased 10,000 shares of the firm’s stock in a transaction on Thursday, December 19th. The stock was acquired at an average cost of $7.02 per share, with a total value of $70,200.00. Following the transaction, the director now directly owns 107,940 shares in the company, valued at $757,738.80. This trade represents a 10.21 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 23.86% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC acquired a new position in shares of Eastman Kodak during the third quarter worth about $25,000. BNP Paribas Financial Markets increased its stake in shares of Eastman Kodak by 21.3% during the third quarter. BNP Paribas Financial Markets now owns 12,607 shares of the technology company’s stock worth $60,000 after acquiring an additional 2,210 shares during the period. Intech Investment Management LLC acquired a new position in shares of Eastman Kodak during the third quarter worth about $62,000. Quantbot Technologies LP acquired a new position in shares of Eastman Kodak during the third quarter worth about $68,000. Finally, Rathbones Group PLC acquired a new position in shares of Eastman Kodak during the second quarter worth about $69,000. 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.