Eastman Kodak Target of Unusually Large Options Trading (NYSE:KODK)

Eastman Kodak Company (NYSE:KODK - Get Free Report) was the target of some unusual options trading activity on Monday. Investors bought 29,031 call options on the company. This is an increase of approximately 637% compared to the typical volume of 3,937 call options.

Institutional Trading of Eastman Kodak

Several hedge funds have recently modified their holdings of the company. Two Sigma Investments LP increased its holdings in shares of Eastman Kodak by 2.1% during the fourth quarter. Two Sigma Investments LP now owns 74,210 shares of the technology company's stock worth $488,000 after buying an additional 1,509 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Eastman Kodak by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,992 shares of the technology company's stock worth $227,000 after buying an additional 1,566 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Eastman Kodak by 1.8% during the first quarter. Bank of New York Mellon Corp now owns 171,505 shares of the technology company's stock worth $1,084,000 after buying an additional 3,071 shares in the last quarter. New York State Common Retirement Fund increased its holdings in shares of Eastman Kodak by 64.4% during the first quarter. New York State Common Retirement Fund now owns 8,681 shares of the technology company's stock worth $55,000 after buying an additional 3,400 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its holdings in shares of Eastman Kodak by 5.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 67,170 shares of the technology company's stock worth $442,000 after buying an additional 3,449 shares in the last quarter. Institutional investors and hedge funds own 33.65% of the company's stock.

Eastman Kodak Price Performance

NYSE:KODK traded up $0.17 during mid-day trading on Thursday, hitting $6.86. The company's stock had a trading volume of 1,181,676 shares, compared to its average volume of 1,100,954. Eastman Kodak has a fifty-two week low of $4.26 and a fifty-two week high of $8.24. The company has a current ratio of 2.21, a quick ratio of 1.31 and a debt-to-equity ratio of 0.84. The company has a market capitalization of $553.76 million, a price-to-earnings ratio of 13.99 and a beta of 3.73. The stock has a fifty day moving average of $6.06 and a 200-day moving average of $6.46.

Eastman Kodak (NYSE:KODK - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The technology company reported ($0.12) earnings per share (EPS) for the quarter. Eastman Kodak had a return on equity of 8.01% and a net margin of 6.05%.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen lowered shares of Eastman Kodak from a "hold" rating to a "sell" rating in a research report on Monday, May 12th.

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.