FourThought Financial Partners LLC Acquires New Holdings in Eastman Kodak Company $KODK

FourThought Financial Partners LLC acquired a new stake in shares of Eastman Kodak Company (NYSE:KODK) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 52,384 shares of the technology company’s stock, valued at approximately $443,000.

Several other hedge funds also recently bought and sold shares of the company. Quantbot Technologies LP grew its stake in Eastman Kodak by 3.8% during the third quarter. Quantbot Technologies LP now owns 37,306 shares of the technology company’s stock valued at $239,000 after acquiring an additional 1,357 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Eastman Kodak by 4.5% during 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 acquiring an additional 1,566 shares in the last quarter. Creative Planning grew its stake in Eastman Kodak by 3.4% during the second quarter. Creative Planning now owns 52,090 shares of the technology company’s stock valued at $294,000 after acquiring an additional 1,726 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in Eastman Kodak by 9.0% during the second quarter. The Manufacturers Life Insurance Company now owns 23,887 shares of the technology company’s stock valued at $135,000 after acquiring an additional 1,964 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its stake in Eastman Kodak by 78.2% during the second quarter. BNP Paribas Financial Markets now owns 6,207 shares of the technology company’s stock valued at $35,000 after acquiring an additional 2,723 shares in the last quarter. Hedge funds and other institutional investors own 33.65% of the company’s stock.

Wall Street Analyst Weigh In

KODK has been the subject of several recent analyst reports. Weiss Ratings raised shares of Eastman Kodak from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, May 13th. Wall Street Zen cut shares of Eastman Kodak from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has an average rating of “Hold”.

Eastman Kodak Trading Up 2.0%

Shares of KODK opened at $9.62 on Friday. The firm has a market cap of $938.42 million, a price-to-earnings ratio of -5.11 and a beta of 1.66. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.71 and a current ratio of 2.53. Eastman Kodak Company has a fifty-two week low of $4.94 and a fifty-two week high of $14.87. The firm has a 50 day moving average price of $10.67 and a 200-day moving average price of $8.76.

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

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.