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

Eastman Kodak (NYSE:KODK) was the recipient of unusually large options trading activity on Tuesday. Traders purchased 19,899 put options on the stock. This is an increase of 260% compared to the typical volume of 5,520 put options.

Insider Buying and Selling

In other Eastman Kodak news, Director Michael Sileck purchased 10,000 shares of the stock in a transaction dated Thursday, December 19th. The shares were acquired at an average cost of $7.02 per share, for a total transaction of $70,200.00. Following the completion of the transaction, the director now directly owns 107,940 shares of the company’s stock, valued at $757,738.80. This trade represents a 10.21 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. 23.86% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of KODK. Commonwealth Equity Services LLC bought a new position in Eastman Kodak during the fourth quarter valued at about $67,000. Trexquant Investment LP acquired a new stake in Eastman Kodak during the fourth quarter valued at approximately $74,000. BNP Paribas Financial Markets boosted its holdings in 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 buying an additional 2,210 shares in the last quarter. Novem Group acquired a new position in Eastman Kodak in the fourth quarter worth approximately $85,000. Finally, Intech Investment Management LLC bought a new position in shares of Eastman Kodak in the third quarter valued at $62,000. 33.65% of the stock is owned by institutional investors and hedge funds.

Eastman Kodak Trading Down 1.5 %

Shares of KODK stock traded down $0.11 during mid-day trading on Tuesday, reaching $6.88. The company’s stock had a trading volume of 2,389,697 shares, compared to its average volume of 900,267. The company has a quick ratio of 1.51, a current ratio of 2.41 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $552.75 million, a PE ratio of 9.82 and a beta of 3.75. The company’s 50 day simple moving average is $7.07 and its 200-day simple moving average is $6.10. Eastman Kodak has a 12-month low of $4.26 and a 12-month high of $8.24.

Eastman Kodak (NYSE:KODK) last announced its quarterly earnings data on Monday, March 17th. The technology company reported $0.23 earnings per share for the quarter. Eastman Kodak had a net margin of 7.70% and a return on equity of 8.47%. The company had revenue of $266.00 million during the quarter.

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.