Eastman Kodak (NYSE:KODK) Upgraded at ValuEngine

ValuEngine upgraded shares of Eastman Kodak (NYSE:KODK) from a hold rating to a buy rating in a research report released on Friday morning, ValuEngine reports.

KODK stock traded down $0.13 during midday trading on Friday, hitting $2.53. The company had a trading volume of 118,437 shares, compared to its average volume of 189,589. The company has a current ratio of 1.91, a quick ratio of 1.25 and a debt-to-equity ratio of 0.72. Eastman Kodak has a 52 week low of $1.87 and a 52 week high of $4.44. The stock’s 50 day moving average price is $2.61 and its 200 day moving average price is $2.46. The stock has a market cap of $117.17 million, a price-to-earnings ratio of 8.24 and a beta of 2.35.

Eastman Kodak (NYSE:KODK) last announced its quarterly earnings data on Thursday, August 8th. The technology company reported ($0.25) earnings per share for the quarter. Eastman Kodak had a net margin of 14.77% and a negative return on equity of 10.99%. The company had revenue of $307.00 million during the quarter.

In other news, Director Philippe D. Katz purchased 40,000 shares of Eastman Kodak stock in a transaction that occurred on Wednesday, August 14th. The shares were bought at an average cost of $2.07 per share, with a total value of $82,800.00. Following the completion of the purchase, the director now directly owns 30,000 shares in the company, valued at $62,100. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman James V. Continenza purchased 20,000 shares of Eastman Kodak stock in a transaction that occurred on Tuesday, August 13th. The stock was purchased at an average cost of $2.12 per share, for a total transaction of $42,400.00. Following the completion of the purchase, the chairman now owns 20,000 shares of the company’s stock, valued at $42,400. The disclosure for this purchase can be found here. Insiders acquired 163,250 shares of company stock valued at $337,188 in the last quarter. Corporate insiders own 19.10% of the company’s stock.

Hedge funds have recently modified their holdings of the stock. Quinn Opportunity Partners LLC purchased a new stake in shares of Eastman Kodak in the second quarter worth $196,000. Paloma Partners Management Co purchased a new stake in shares of Eastman Kodak in the second quarter worth $191,000. Morgan Stanley grew its stake in shares of Eastman Kodak by 117.1% in the second quarter. Morgan Stanley now owns 131,806 shares of the technology company’s stock worth $316,000 after acquiring an additional 71,083 shares during the last quarter. Jane Street Group LLC purchased a new stake in shares of Eastman Kodak in the second quarter worth $127,000. Finally, Eidelman Virant Capital purchased a new stake in shares of Eastman Kodak in the second quarter worth $72,000. 50.21% of the stock is currently owned by institutional investors.

About Eastman Kodak

Eastman Kodak Company provides hardware, software, consumables, and services to customers in the graphic arts, commercial print, publishing, electronic displays, entertainment and commercial films, and consumer products markets worldwide. The company operates in six segments: Print Systems, Enterprise Inkjet Systems, Software and Solutions, Consumer and Film, Advanced Materials and 3D Printing Technology, and Eastman Business Park.

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