Eastman Kodak (NYSE:KODK – Get Free Report) was upgraded by Zacks Research to a “hold” rating in a report issued on Thursday, Zacks reports.
A number of other brokerages also recently weighed in on KODK. Wall Street Zen raised shares of Eastman Kodak from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. 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 assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Reduce”.
View Our Latest Stock Analysis on Eastman Kodak
Eastman Kodak Stock Performance
Eastman Kodak (NYSE:KODK – Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The technology company reported $0.13 earnings per share (EPS) for the quarter. The firm had revenue of $311.00 million during the quarter. Eastman Kodak had a negative net margin of 8.28% and a negative return on equity of 14.47%. Research analysts anticipate that Eastman Kodak will post 0.39 earnings per share for the current year.
Institutional Trading of Eastman Kodak
Several large investors have recently modified their holdings of the stock. Bank of America Corp DE raised its holdings in Eastman Kodak by 438.9% during the first quarter. Bank of America Corp DE now owns 331,883 shares of the technology company’s stock worth $3,004,000 after buying an additional 270,297 shares during the last quarter. Bank of New York Mellon Corp acquired a new position in shares of Eastman Kodak during the second quarter valued at about $1,941,000. Dimensional Fund Advisors LP increased its position in shares of Eastman Kodak by 5.5% during the first quarter. Dimensional Fund Advisors LP now owns 2,177,801 shares of the technology company’s stock worth $19,707,000 after acquiring an additional 113,398 shares in the last quarter. Weiss Asset Management LP bought a new stake in shares of Eastman Kodak during the first quarter worth about $790,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Eastman Kodak by 1,513.6% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 67,869 shares of the technology company’s stock worth $628,000 after acquiring an additional 63,663 shares during the last quarter. Institutional investors and hedge funds own 33.65% of the company’s stock.
About Eastman Kodak
Eastman Kodak Company is a technology and imaging company that develops products and services for commercial printing, publishing, packaging, and professional photography. Its offerings include workflow software, digital printing systems, offset printing plates, inks, and related consumables. Kodak also supplies film and photographic chemicals for commercial, motion-picture, and specialty imaging applications.
The company serves customers worldwide, including commercial printers, publishers, packaging producers, manufacturers, professional photographers, and the film and entertainment industries.
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