Byrne Asset Management LLC Invests $39,000 in Eastman Kodak Company $KODK

Byrne Asset Management LLC acquired a new position in shares of Eastman Kodak Company (NYSE:KODK) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 6,879 shares of the technology company’s stock, valued at approximately $39,000.

Several other institutional investors have also bought and sold shares of KODK. Northern Trust Corp boosted its stake in Eastman Kodak by 27.2% in the 4th quarter. Northern Trust Corp now owns 686,532 shares of the technology company’s stock valued at $4,511,000 after buying an additional 146,674 shares in the last quarter. Deutsche Bank AG boosted its stake in Eastman Kodak by 76.1% in the 4th quarter. Deutsche Bank AG now owns 57,904 shares of the technology company’s stock valued at $380,000 after buying an additional 25,018 shares in the last quarter. D. E. Shaw & Co. Inc. boosted its stake in Eastman Kodak by 133.7% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 34,313 shares of the technology company’s stock valued at $225,000 after buying an additional 19,632 shares in the last quarter. Millennium Management LLC boosted its stake in Eastman Kodak by 86.2% in the 4th quarter. Millennium Management LLC now owns 93,983 shares of the technology company’s stock valued at $617,000 after buying an additional 43,504 shares in the last quarter. Finally, ProShare Advisors LLC boosted its stake in Eastman Kodak by 49.0% in the 4th quarter. ProShare Advisors LLC now owns 17,035 shares of the technology company’s stock valued at $112,000 after buying an additional 5,605 shares in the last quarter. Institutional investors and hedge funds own 33.65% of the company’s stock.

Eastman Kodak Price Performance

Shares of KODK stock opened at $5.94 on Wednesday. The stock’s fifty day simple moving average is $6.31 and its 200 day simple moving average is $6.20. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.79 and a quick ratio of 0.46. The firm has a market cap of $481.14 million, a price-to-earnings ratio of -59.40 and a beta of 1.26. Eastman Kodak Company has a one year low of $4.26 and a one year high of $8.24.

Eastman Kodak (NYSE:KODK) last announced its quarterly earnings results on Monday, August 11th. The technology company reported ($0.30) EPS for the quarter. The company had revenue of $263.00 million during the quarter. Eastman Kodak had a net margin of 1.06% and a return on equity of 2.32%.

Insider Buying and Selling at Eastman Kodak

In other Eastman Kodak news, CEO James V. Continenza acquired 50,000 shares of the business’s stock in a transaction on Thursday, August 14th. The stock was purchased at an average price of $5.74 per share, for a total transaction of $287,000.00. Following the transaction, the chief executive officer owned 1,902,011 shares in the company, valued at $10,917,543.14. This trade represents a 2.70% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Philippe D. Katz acquired 10,000 shares of the business’s stock in a transaction on Thursday, August 14th. The stock was acquired at an average price of $5.67 per share, with a total value of $56,700.00. Following the transaction, the director owned 180,026 shares in the company, valued at approximately $1,020,747.42. The trade was a 5.88% increase in their position. The disclosure for this purchase can be found here. 23.86% of the stock is owned by insiders.

About Eastman Kodak

Eastman Kodak Company engages in the provision of hardware, software, consumables, and services to customers in the commercial print, packaging, publishing, manufacturing, and entertainment markets worldwide. The company operates through three segments: Print, Advanced Materials and Chemicals, and Brand.