First Eagle Investment Management LLC Reduces Position in Eastman Kodak Company $KODK

First Eagle Investment Management LLC trimmed its holdings in Eastman Kodak Company (NYSE:KODK) by 1.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 503,216 shares of the technology company’s stock after selling 10,000 shares during the quarter. First Eagle Investment Management LLC’s holdings in Eastman Kodak were worth $2,843,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Eastman Kodak by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,992 shares of the technology company’s stock valued at $227,000 after purchasing an additional 1,566 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in Eastman Kodak by 1.8% in the 1st quarter. Bank of New York Mellon Corp now owns 171,505 shares of the technology company’s stock valued at $1,084,000 after buying an additional 3,071 shares in the last quarter. New York State Common Retirement Fund grew its holdings in Eastman Kodak by 64.4% in the 1st quarter. New York State Common Retirement Fund now owns 8,681 shares of the technology company’s stock valued at $55,000 after buying an additional 3,400 shares in the last quarter. AlphaQuest LLC acquired a new stake in shares of Eastman Kodak in the 1st quarter worth $27,000. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Eastman Kodak by 3.1% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 178,022 shares of the technology company’s stock worth $1,125,000 after acquiring an additional 5,297 shares during the period. 33.65% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Philippe D. Katz bought 10,000 shares of the company’s stock in a transaction that occurred on Thursday, August 14th. The stock was purchased at an average price of $5.67 per share, for a total transaction of $56,700.00. Following the acquisition, the director owned 180,026 shares of the company’s stock, valued at approximately $1,020,747.42. This trade represents a 5.88% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO James V. Continenza bought 50,000 shares of the business’s stock in a transaction on Thursday, August 14th. The stock was purchased at an average cost 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 of the company’s stock, valued at $10,917,543.14. This trade represents a 2.70% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 23.87% of the company’s stock.

Eastman Kodak Stock Up 32.4%

Shares of KODK opened at $7.75 on Friday. The company’s 50-day moving average price is $6.33 and its 200 day moving average price is $6.25. Eastman Kodak Company has a 12-month low of $4.26 and a 12-month high of $8.24. The company has a current ratio of 0.79, a quick ratio of 0.46 and a debt-to-equity ratio of 0.02. The firm has a market cap of $627.35 million, a P/E ratio of -77.45 and a beta of 1.43.

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

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d+)” rating on shares of Eastman Kodak in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has a consensus rating of “Sell”.

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.