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

Eastman Kodak (NYSE:KODKGet Free Report) was the recipient of some unusual options trading activity on Wednesday. Traders acquired 5,232 put options on the company. This is an increase of 47% compared to the average daily volume of 3,567 put options.

Insider Activity at Eastman Kodak

In related news, Director Michael Sileck purchased 10,000 shares of the stock in a transaction that occurred on Thursday, December 19th. The stock was bought 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 in the company, valued at $757,738.80. This represents a 10.21 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Philippe D. Katz purchased 6,000 shares of Eastman Kodak stock in a transaction that occurred on 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 directly owns 170,026 shares in the company, valued at $1,105,169. This trade represents a 3.66 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 23.86% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Eastman Kodak

Several hedge funds have recently added to or reduced their stakes in KODK. JPMorgan Chase & Co. boosted its stake in shares of Eastman Kodak by 75.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 222,065 shares of the technology company’s stock worth $1,048,000 after acquiring an additional 95,402 shares in the last quarter. Franklin Resources Inc. purchased a new position in Eastman Kodak in the 3rd quarter valued at about $180,000. Barclays PLC lifted its stake in Eastman Kodak by 277.6% in the 3rd quarter. Barclays PLC now owns 79,094 shares of the technology company’s stock valued at $373,000 after buying an additional 58,150 shares in the last quarter. Geode Capital Management LLC lifted its stake in Eastman Kodak by 3.9% in 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 buying an additional 57,487 shares in the last quarter. Finally, State Street Corp raised its holdings in Eastman Kodak by 1.1% in the 3rd quarter. State Street Corp now owns 1,956,101 shares of the technology company’s stock valued at $9,233,000 after acquiring an additional 20,731 shares during the last quarter. 33.65% of the stock is owned by hedge funds and other institutional investors.

Eastman Kodak Stock Performance

Shares of NYSE KODK traded up $0.24 during mid-day trading on Wednesday, hitting $6.69. The stock had a trading volume of 232,926 shares, compared to its average volume of 1,043,653. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.51 and a current ratio of 2.41. The company has a 50 day moving average of $6.36 and a two-hundred day moving average of $5.54. Eastman Kodak has a twelve month low of $3.33 and a twelve month high of $7.74. The firm has a market cap of $537.88 million, a PE ratio of 9.56 and a beta of 3.70.

Eastman Kodak (NYSE:KODKGet Free Report) last posted its quarterly earnings results on Tuesday, November 12th. The technology company reported $0.15 EPS 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 $261.00 million for the quarter.

Eastman Kodak Company Profile

(Get Free Report)

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.

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