Eastman Kodak Sees Unusually Large Options Volume (KODK)

Eastman Kodak Company (NYSE:KODK) was the recipient of some unusual options trading on Wednesday. Stock investors acquired 59,760 call options on the company. This is an increase of approximately 7,117% compared to the typical daily volume of 828 call options.

Several hedge funds have recently modified their holdings of KODK. Russell Investments Group Ltd. boosted its holdings in shares of Eastman Kodak by 918.5% in the 2nd quarter. Russell Investments Group Ltd. now owns 82,500 shares of the technology company’s stock valued at $751,000 after purchasing an additional 74,400 shares in the last quarter. Oppenheimer Asset Management Inc. acquired a new stake in shares of Eastman Kodak in the 2nd quarter valued at $246,000. Alliancebernstein L.P. boosted its holdings in shares of Eastman Kodak by 39.1% in the 2nd quarter. Alliancebernstein L.P. now owns 22,400 shares of the technology company’s stock valued at $204,000 after purchasing an additional 6,300 shares in the last quarter. Teachers Advisors LLC boosted its holdings in shares of Eastman Kodak by 2.0% in the 2nd quarter. Teachers Advisors LLC now owns 33,849 shares of the technology company’s stock valued at $308,000 after purchasing an additional 650 shares in the last quarter. Finally, Menta Capital LLC boosted its holdings in shares of Eastman Kodak by 58.0% in the 2nd quarter. Menta Capital LLC now owns 48,170 shares of the technology company’s stock valued at $438,000 after purchasing an additional 17,690 shares in the last quarter. 71.68% of the stock is currently owned by hedge funds and other institutional investors.

Separately, TheStreet downgraded Eastman Kodak from a “c-” rating to a “d” rating in a report on Wednesday, November 29th.

Shares of Eastman Kodak (NYSE:KODK) opened at $9.20 on Friday. The firm has a market capitalization of $357.60, a price-to-earnings ratio of -1.52 and a beta of 0.65. Eastman Kodak has a twelve month low of $2.95 and a twelve month high of $15.30. The company has a quick ratio of 1.64, a current ratio of 2.40 and a debt-to-equity ratio of -3.44.

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Eastman Kodak Company Profile

Eastman Kodak Company provides hardware, software, consumables, and services to customers in various markets worldwide. The company operates through seven segments: Print Systems; Micro 3D Printing and Packaging; Software and Solutions; Consumer and Film; Enterprise Inkjet Systems; Intellectual Property Solutions; and Eastman Business Park.

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