Traders Purchase High Volume of Eastman Kodak Put Options (NYSE:KODK)

Eastman Kodak (NYSE:KODK) saw unusually large options trading on Wednesday. Stock investors bought 5,232 put options on the stock. This represents an increase of 47% compared to the average daily volume of 3,567 put options.

Eastman Kodak Stock Performance

NYSE:KODK opened at $7.00 on Thursday. The stock has a fifty day moving average price of $6.39 and a 200-day moving average price of $5.55. The company has a market cap of $562.80 million, a price-to-earnings ratio of 10.00 and a beta of 3.70. 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 fifty-two week low of $3.33 and a fifty-two week high of $7.74.

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

Insider Transactions at Eastman Kodak

In other Eastman Kodak news, Director Philippe D. Katz bought 6,000 shares of Eastman Kodak stock in a transaction dated Wednesday, December 11th. The stock was bought at an average cost of $6.50 per share, for a total transaction of $39,000.00. Following the purchase, the director now owns 170,026 shares of the company’s stock, valued at $1,105,169. The trade was a 3.66 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Michael Sileck purchased 10,000 shares of the company’s stock in a transaction that occurred on Thursday, December 19th. The shares were purchased at an average cost of $7.02 per share, with a total value of $70,200.00. Following the completion of the acquisition, the director now owns 107,940 shares in the company, valued at $757,738.80. The trade was a 10.21 % increase in their position. The disclosure for this purchase can be found here. 23.86% of the stock is currently owned by corporate insiders.

Institutional Trading of Eastman Kodak

Institutional investors and hedge funds have recently modified their holdings of the business. Allspring Global Investments Holdings LLC bought a new stake in shares of Eastman Kodak during the 3rd quarter worth $25,000. BNP Paribas Financial Markets lifted its position in shares of Eastman Kodak by 21.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 12,607 shares of the technology company’s stock worth $60,000 after buying an additional 2,210 shares during the last quarter. Intech Investment Management LLC bought a new stake in shares of Eastman Kodak during the 3rd quarter worth $62,000. Quantbot Technologies LP bought a new stake in shares of Eastman Kodak during the 3rd quarter worth $68,000. Finally, Rathbones Group PLC bought a new stake in shares of Eastman Kodak during the 2nd quarter worth $69,000. 33.65% of the stock is currently owned by 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.