Goldman Sachs Group Inc. Buys 69,995 Shares of Eastman Kodak Company (KODK)
Goldman Sachs Group Inc. increased its stake in Eastman Kodak Company (NYSE:KODK) by 1,380.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 75,064 shares of the technology company’s stock after acquiring an additional 69,995 shares during the period. Goldman Sachs Group Inc. owned about 0.18% of Eastman Kodak worth $683,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Paradice Investment Management LLC raised its position in Eastman Kodak by 17.2% during the 2nd quarter. Paradice Investment Management LLC now owns 3,502,388 shares of the technology company’s stock valued at $31,872,000 after purchasing an additional 514,200 shares during the last quarter. Russell Investments Group Ltd. raised its position in Eastman Kodak by 918.5% during the 2nd quarter. Russell Investments Group Ltd. now owns 82,500 shares of the technology company’s stock valued at $751,000 after purchasing an additional 74,400 shares during the last quarter. FMR LLC raised its position in Eastman Kodak by 23.1% during the 2nd quarter. FMR LLC now owns 1,044,527 shares of the technology company’s stock valued at $9,505,000 after purchasing an additional 195,674 shares during the last quarter. GSA Capital Partners LLP raised its position in Eastman Kodak by 85.7% during the 2nd quarter. GSA Capital Partners LLP now owns 106,150 shares of the technology company’s stock valued at $966,000 after purchasing an additional 48,985 shares during the last quarter. Finally, Cove Street Capital LLC raised its position in Eastman Kodak by 1,986.7% during the 2nd quarter. Cove Street Capital LLC now owns 598,465 shares of the technology company’s stock valued at $5,446,000 after purchasing an additional 569,785 shares during the last quarter. 72.40% of the stock is owned by institutional investors.
Separately, ValuEngine raised Eastman Kodak from a “sell” rating to a “hold” rating in a research report on Friday, September 1st.
Eastman Kodak Company (KODK) opened at $3.70 on Friday. The company has a quick ratio of 1.74, a current ratio of 2.54 and a debt-to-equity ratio of -6.85. Eastman Kodak Company has a 52-week low of $3.57 and a 52-week high of $17.29.
Eastman Kodak (NYSE:KODK) last released its quarterly earnings results on Wednesday, August 9th. The technology company reported $0.05 EPS for the quarter. The business had revenue of $381.00 million during the quarter. Eastman Kodak had a negative return on equity of 97.65% and a negative net margin of 1.64%.
In other news, CEO Jeff Clarke bought 8,500 shares of Eastman Kodak stock in a transaction on Thursday, August 17th. The shares were purchased at an average price of $7.29 per share, for a total transaction of $61,965.00. Following the acquisition, the chief executive officer now owns 111,679 shares of the company’s stock, valued at $814,139.91. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Jeffrey D. Engelberg bought 5,000 shares of Eastman Kodak stock in a transaction on Wednesday, August 16th. The shares were purchased at an average price of $7.40 per share, for a total transaction of $37,000.00. Following the acquisition, the director now directly owns 15,000 shares in the company, valued at approximately $111,000. The disclosure for this purchase can be found here. In the last ninety days, insiders have acquired 21,600 shares of company stock valued at $157,878 and have sold 5,025 shares valued at $34,673. Corporate insiders own 5.10% of the company’s stock.
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Eastman Kodak Profile
Eastman Kodak Company provides hardware, software, consumables, and services to customers in various markets worldwide. The company operates through seven segments: Print Systems; Micro 3D Printing and Packaging; Software and Solutions; Consumer and Film; Enterprise Inkjet Systems; Intellectual Property Solutions; and Eastman Business Park.
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