Eastman Kodak (NYSE:KODK) Director Philippe Katz Buys 2,000 Shares

Eastman Kodak Company (NYSE:KODKGet Free Report) Director Philippe Katz purchased 2,000 shares of the business’s stock in a transaction dated Wednesday, May 13th. The shares were purchased at an average price of $10.30 per share, with a total value of $20,600.00. Following the purchase, the director directly owned 187,026 shares in the company, valued at $1,926,367.80. This trade represents a 1.08% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Eastman Kodak Stock Performance

Shares of KODK stock traded down $0.83 on Thursday, hitting $9.50. 1,985,374 shares of the stock were exchanged, compared to its average volume of 1,129,218. The company has a current ratio of 2.53, a quick ratio of 2.32 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $927.00 million, a PE ratio of -5.05 and a beta of 1.66. Eastman Kodak Company has a one year low of $4.94 and a one year high of $14.87. The firm’s 50 day moving average is $10.35 and its two-hundred day moving average is $8.64.

Eastman Kodak (NYSE:KODKGet Free Report) last posted its earnings results on Thursday, May 7th. The technology company reported ($0.21) earnings per share for the quarter. Eastman Kodak had a negative net margin of 12.60% and a negative return on equity of 21.13%. The company had revenue of $265.00 million for the quarter.

Institutional Investors Weigh In On Eastman Kodak

Hedge funds and other institutional investors have recently modified their holdings of the stock. BNP Paribas Financial Markets boosted its position in shares of Eastman Kodak by 78.2% during the 2nd quarter. BNP Paribas Financial Markets now owns 6,207 shares of the technology company’s stock valued at $35,000 after acquiring an additional 2,723 shares during the last quarter. Farther Finance Advisors LLC increased its position in shares of Eastman Kodak by 2,394.0% in the fourth quarter. Farther Finance Advisors LLC now owns 7,033 shares of the technology company’s stock worth $59,000 after purchasing an additional 6,751 shares during the last quarter. Headlands Technologies LLC purchased a new stake in Eastman Kodak in the second quarter valued at approximately $45,000. Tower Research Capital LLC TRC raised its stake in Eastman Kodak by 239.7% in the second quarter. Tower Research Capital LLC TRC now owns 8,075 shares of the technology company’s stock valued at $46,000 after purchasing an additional 5,698 shares in the last quarter. Finally, Kemnay Advisory Services Inc. bought a new stake in Eastman Kodak during the fourth quarter valued at approximately $71,000. 33.65% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on KODK shares. Weiss Ratings cut Eastman Kodak from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, April 29th. Wall Street Zen upgraded Eastman Kodak from a “hold” rating to a “buy” rating in a research report on Saturday, April 25th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Sell”.

View Our Latest Research Report on KODK

About Eastman Kodak

(Get Free Report)

Eastman Kodak Company (NYSE: KODK) is a global technology firm specializing in imaging, printing and advanced materials. The company offers a wide array of products and services that enable customers to create, manage and share visual content across traditional and digital platforms. Its core offerings include graphic communications solutions, enterprise inkjet systems, packaging technologies, functional printing and micro 3D printing systems.

Kodak’s graphic communications segment serves commercial printers, packaging converters and publishing houses with offset plates, digital presses, workflow software and services designed to streamline production.

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