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

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

Eastman Kodak Trading Up 20.6%

NYSE:KODK traded up $1.93 during trading hours on Thursday, hitting $11.28. 3,861,168 shares of the stock were exchanged, compared to its average volume of 943,660. The company has a market capitalization of $1.10 billion, a P/E ratio of -6.30 and a beta of 1.49. The company has a quick ratio of 2.32, a current ratio of 3.14 and a debt-to-equity ratio of 0.34. The company’s 50 day moving average is $7.64 and its two-hundred day moving average is $7.46. Eastman Kodak has a twelve month low of $4.93 and a twelve month high of $11.61.

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

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in shares of Eastman Kodak by 9.9% during the 4th quarter. Vanguard Group Inc. now owns 5,712,683 shares of the technology company’s stock worth $48,329,000 after buying an additional 514,558 shares during the period. Marshall Wace LLP boosted its stake in Eastman Kodak by 32.8% in the fourth quarter. Marshall Wace LLP now owns 3,817,610 shares of the technology company’s stock valued at $32,297,000 after acquiring an additional 942,413 shares during the last quarter. Geode Capital Management LLC grew its holdings in Eastman Kodak by 3.4% during the 2nd quarter. Geode Capital Management LLC now owns 1,636,651 shares of the technology company’s stock worth $9,249,000 after acquiring an additional 53,959 shares during the period. Goldman Sachs Group Inc. grew its holdings in Eastman Kodak by 225.8% during the 4th quarter. Goldman Sachs Group Inc. now owns 830,732 shares of the technology company’s stock worth $7,028,000 after acquiring an additional 575,733 shares during the period. Finally, Bridgeway Capital Management LLC raised its position in shares of Eastman Kodak by 3.6% during the 2nd quarter. Bridgeway Capital Management LLC now owns 760,108 shares of the technology company’s stock valued at $4,295,000 after acquiring an additional 26,729 shares during the last quarter. 33.65% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Eastman Kodak in a report on Wednesday, January 21st. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Eastman Kodak has a consensus rating of “Sell”.

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.