Eastman Kodak (NYSE:KODK) Director Philippe Katz Acquires 5,000 Shares

Eastman Kodak Company (NYSE:KODK) Director Philippe Katz acquired 5,000 shares of the stock in a transaction on Monday, November 17th. The shares were bought at an average cost of $7.35 per share, for a total transaction of $36,750.00. Following the purchase, the director directly owned 185,026 shares of the company’s stock, valued at $1,359,941.10. The trade was a 2.78% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website.

Eastman Kodak Stock Up 0.6%

Shares of KODK opened at $7.09 on Wednesday. The stock has a fifty day simple moving average of $6.61 and a two-hundred day simple moving average of $6.32. The company has a quick ratio of 0.46, a current ratio of 0.79 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $682.99 million, a PE ratio of -70.85 and a beta of 1.43. Eastman Kodak Company has a 52-week low of $4.52 and a 52-week high of $8.90.

Eastman Kodak (NYSE:KODK) last released its quarterly earnings data on Thursday, November 6th. The technology company reported ($0.08) earnings per share (EPS) for the quarter. Eastman Kodak had a return on equity of 2.32% and a net margin of 1.06%.The firm had revenue of $269.00 million for the quarter.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Weiss Ratings restated a “sell (d+)” rating on shares of Eastman Kodak in a research report on Wednesday, October 8th. Wall Street Zen raised Eastman Kodak from a “sell” rating to a “hold” rating in a research report on Saturday. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Institutional Investors Weigh In On Eastman Kodak

Several institutional investors and hedge funds have recently modified their holdings of the company. AlphaQuest LLC acquired a new position in Eastman Kodak in the 1st quarter valued at about $27,000. BNP Paribas Financial Markets grew its holdings in shares of Eastman Kodak by 78.2% in the second 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 in the last quarter. Byrne Asset Management LLC purchased a new stake in Eastman Kodak during the 2nd quarter worth approximately $39,000. Headlands Technologies LLC acquired a new stake in Eastman Kodak during the 2nd quarter worth approximately $45,000. Finally, Tower Research Capital LLC TRC boosted its position in Eastman Kodak by 239.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 8,075 shares of the technology company’s stock valued at $46,000 after buying an additional 5,698 shares during the period. Hedge funds and other institutional investors own 33.65% of the company’s stock.

Eastman Kodak Company Profile

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.