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

Eastman Kodak Company (NYSE:KODK) saw unusually large options trading on Thursday. Investors acquired 10,641 call options on the stock. This is an increase of approximately 352% compared to the average volume of 2,353 call options.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d+)” rating on shares of Eastman Kodak in a research note on Wednesday, January 21st. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has an average rating of “Sell”.

Hedge Funds Weigh In On Eastman Kodak

Several institutional investors have recently added to or reduced their stakes in KODK. Denali Advisors LLC bought a new stake in Eastman Kodak during the third quarter worth about $836,000. First Eagle Investment Management LLC raised its stake in shares of Eastman Kodak by 45.9% in the third quarter. First Eagle Investment Management LLC now owns 734,433 shares of the technology company’s stock valued at $4,708,000 after acquiring an additional 231,217 shares during the last quarter. Marshall Wace LLP boosted its holdings in shares of Eastman Kodak by 50.6% in the 2nd quarter. Marshall Wace LLP now owns 2,711,241 shares of the technology company’s stock worth $15,319,000 after acquiring an additional 910,644 shares in the last quarter. Prescott Group Capital Management L.L.C. grew its position in Eastman Kodak by 38.6% during the 3rd quarter. Prescott Group Capital Management L.L.C. now owns 374,345 shares of the technology company’s stock worth $2,400,000 after acquiring an additional 104,345 shares during the last quarter. Finally, Quotient Wealth Partners LLC acquired a new stake in Eastman Kodak during the 4th quarter valued at $93,000. 33.65% of the stock is owned by institutional investors.

Eastman Kodak Price Performance

Shares of KODK stock traded up $1.93 during trading hours on Thursday, hitting $11.28. The company had a trading volume of 3,861,168 shares, compared to its average volume of 943,660. Eastman Kodak has a 12 month low of $4.93 and a 12 month high of $11.61. The company has a debt-to-equity ratio of 0.34, a quick ratio of 2.32 and a current ratio of 3.14. The firm’s fifty day moving average is $7.64 and its 200 day moving average is $7.46. The firm has a market capitalization of $1.10 billion, a price-to-earnings ratio of -6.30 and a beta of 1.49.

Eastman Kodak (NYSE:KODK) last announced its quarterly earnings results on Thursday, March 12th. The technology company reported ($1.23) EPS for the quarter. Eastman Kodak had a negative net margin of 11.97% and a negative return on equity of 19.99%. The company had revenue of $290.00 million during the quarter.

About Eastman Kodak

Eastman Kodak Company (NYSE: KODK) is a global technology firm specializing in imaging, printing and advanced materials. The company offers a wide array of products and services that enable customers to create, manage and share visual content across traditional and digital platforms. Its core offerings include graphic communications solutions, enterprise inkjet systems, packaging technologies, functional printing and micro 3D printing systems.

Kodak’s graphic communications segment serves commercial printers, packaging converters and publishing houses with offset plates, digital presses, workflow software and services designed to streamline production.