Traders Buy High Volume of Eastman Kodak Call Options (NYSE:KODK)

Eastman Kodak (NYSE:KODK) was the target of unusually large options trading activity on Wednesday. Stock investors bought 11,299 call options on the stock. This is an increase of approximately 700% compared to the average volume of 1,413 call options.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Eastman Kodak from a “sell” rating to a “hold” rating in a report on Tuesday, August 13th.

Eastman Kodak Stock Performance

Shares of NYSE KODK traded up $0.51 during midday trading on Wednesday, hitting $7.13. The company’s stock had a trading volume of 7,564,990 shares, compared to its average volume of 891,956. The firm has a market cap of $573.25 million, a P/E ratio of 10.34 and a beta of 3.64. Eastman Kodak has a 1-year low of $3.33 and a 1-year high of $7.50. The firm’s fifty day moving average price is $4.95 and its 200-day moving average price is $5.18. 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 (NYSE:KODK) last posted its earnings results on Tuesday, November 12th. The technology company reported $0.15 EPS for the quarter. The company 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%.

Institutional Investors Weigh In On Eastman Kodak

Several large investors have recently added to or reduced their stakes in KODK. Franklin Resources Inc. bought a new stake in shares of Eastman Kodak during the third quarter valued at approximately $180,000. Barclays PLC raised its stake in Eastman Kodak by 277.6% during the 3rd quarter. Barclays PLC now owns 79,094 shares of the technology company’s stock valued at $373,000 after acquiring an additional 58,150 shares in the last quarter. Geode Capital Management LLC raised its stake in 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 acquiring an additional 57,487 shares in the last quarter. State Street Corp grew its stake in shares of Eastman Kodak by 1.1% in the third quarter. State Street Corp now owns 1,956,101 shares of the technology company’s stock worth $9,233,000 after purchasing an additional 20,731 shares in the last quarter. Finally, Cobblestone Capital Advisors LLC NY acquired a new position in shares of Eastman Kodak during the third quarter valued at $95,000. 33.65% of the stock is owned by institutional investors and hedge funds.

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.