Philippe Katz Acquires 2,000 Shares of Eastman Kodak (NYSE:KODK) Stock

Eastman Kodak Company (NYSE:KODK) Director Philippe Katz purchased 2,000 shares of the stock in a transaction dated Wednesday, May 13th. The stock was bought at an average cost of $10.30 per share, with a total value of $20,600.00. Following the transaction, the director owned 187,026 shares in the company, valued at $1,926,367.80. The trade was a 1.08% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Eastman Kodak Price Performance

KODK opened at $9.69 on Friday. The stock has a 50-day moving average price of $10.46 and a 200-day moving average price of $8.66. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.53 and a quick ratio of 2.32. The firm has a market cap of $945.26 million, a PE ratio of -5.15 and a beta of 1.66. Eastman Kodak Company has a 1 year low of $4.94 and a 1 year high of $14.87.

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

Analysts Set New Price Targets

Several research firms recently commented on KODK. Weiss Ratings upgraded Eastman Kodak from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday. Wall Street Zen downgraded Eastman Kodak from a “buy” rating to a “hold” rating in a report on Saturday. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Institutional Investors Weigh In On Eastman Kodak

Hedge funds and other institutional investors have recently made changes to their positions in the business. BNP Paribas Financial Markets increased 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 purchasing an additional 2,723 shares during the last quarter. Headlands Technologies LLC purchased a new stake in shares of Eastman Kodak during the 2nd quarter valued at about $45,000. Tower Research Capital LLC TRC grew its stake in shares of Eastman Kodak by 239.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 8,075 shares of the technology company’s stock valued at $46,000 after acquiring an additional 5,698 shares during the period. Farther Finance Advisors LLC grew its stake in shares of Eastman Kodak by 2,394.0% during the 4th quarter. Farther Finance Advisors LLC now owns 7,033 shares of the technology company’s stock valued at $59,000 after acquiring an additional 6,751 shares during the period. Finally, Kemnay Advisory Services Inc. bought a new position in shares of Eastman Kodak during the 4th quarter valued at approximately $71,000. Hedge funds and other institutional investors own 33.65% of the company’s stock.

About Eastman Kodak

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.