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

Eastman Kodak Company (NYSE:KODK) saw some unusual options trading activity on Thursday. Investors bought 6,697 call options on the stock. This represents an increase of approximately 933% compared to the typical volume of 648 call options.

Analyst Ratings Changes

Several research analysts recently weighed in on KODK shares. Zacks Research upgraded shares of Eastman Kodak to a “hold” rating in a report on Thursday, September 17th. Wall Street Zen upgraded shares of Eastman Kodak from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Finally, Weiss Ratings raised shares of Eastman Kodak from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday, August 11th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Reduce”.

Eastman Kodak Stock Performance

NYSE:KODK traded down $0.23 during trading on Thursday, reaching $9.55. The company’s stock had a trading volume of 302,868 shares, compared to its average volume of 1,013,714. Eastman Kodak has a 12 month low of $5.78 and a 12 month high of $14.87. The firm has a market cap of $935.53 million, a price-to-earnings ratio of -6.87 and a beta of 1.57. The firm has a 50 day moving average of $9.49 and a 200-day moving average of $9.84. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.95 and a current ratio of 2.91.

Eastman Kodak (NYSE:KODK) last released its earnings results on Tuesday, August 4th. The technology company reported $0.13 EPS for the quarter. The company had revenue of $311.00 million for the quarter. Eastman Kodak had a negative return on equity of 14.47% and a negative net margin of 8.28%. Research analysts expect that Eastman Kodak will post 0.39 EPS for the current fiscal year.

Institutional Trading of Eastman Kodak

Hedge funds have recently added to or reduced their stakes in the stock. State Street Corp boosted its stake in Eastman Kodak by 16.2% in the second quarter. State Street Corp now owns 2,345,933 shares of the technology company’s stock valued at $21,700,000 after acquiring an additional 326,398 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Eastman Kodak by 5.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,177,801 shares of the technology company’s stock worth $19,707,000 after purchasing an additional 113,398 shares during the last quarter. Empowered Funds LLC increased its stake in shares of Eastman Kodak by 1.1% during the 2nd quarter. Empowered Funds LLC now owns 393,092 shares of the technology company’s stock worth $3,636,000 after purchasing an additional 4,176 shares during the last quarter. Bank of America Corp DE raised its holdings in shares of Eastman Kodak by 438.9% in the 1st quarter. Bank of America Corp DE now owns 331,883 shares of the technology company’s stock worth $3,004,000 after purchasing an additional 270,297 shares during the period. Finally, First Trust Advisors LP raised its holdings in shares of Eastman Kodak by 0.6% in the 1st quarter. First Trust Advisors LP now owns 224,077 shares of the technology company’s stock worth $2,028,000 after purchasing an additional 1,294 shares during the period. Institutional investors own 33.65% of the company’s stock.

Eastman Kodak Company Profile

Eastman Kodak Company, operating under the Kodak brand, is a technology company that provides products and services for commercial printing, publishing, packaging and other imaging-related markets. Its offerings include digital printing presses, workflow software, prepress systems, offset printing plates, inks and related consumables. Kodak also supplies motion picture film and other specialty imaging products to customers in the media and entertainment industries.

The company’s Advanced Materials and Chemicals activities support applications in areas such as specialty chemicals, coatings and other manufactured materials.