Triasima Portfolio Management inc. Boosts Stock Position in Eastman Kodak Company $KODK

Triasima Portfolio Management inc. increased its stake in Eastman Kodak Company (NYSE:KODK) by 91.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,995 shares of the technology company’s stock after buying an additional 23,440 shares during the period. Triasima Portfolio Management inc. owned 0.06% of Eastman Kodak worth $277,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in 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 worth $227,000 after buying an additional 1,566 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Eastman Kodak by 1.8% in the first quarter. Bank of New York Mellon Corp now owns 171,505 shares of the technology company’s stock worth $1,084,000 after buying an additional 3,071 shares in the last quarter. New York State Common Retirement Fund raised its stake in Eastman Kodak by 64.4% in the first quarter. New York State Common Retirement Fund now owns 8,681 shares of the technology company’s stock worth $55,000 after buying an additional 3,400 shares in the last quarter. AlphaQuest LLC bought a new position in Eastman Kodak in the first quarter worth about $27,000. Finally, Charles Schwab Investment Management Inc. raised its stake in Eastman Kodak by 3.1% in the first quarter. Charles Schwab Investment Management Inc. now owns 178,022 shares of the technology company’s stock worth $1,125,000 after buying an additional 5,297 shares in the last quarter. 33.65% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Eastman Kodak in a research note on Wednesday. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Eastman Kodak has an average rating of “Sell”.

Eastman Kodak Price Performance

KODK stock opened at $6.80 on Thursday. The firm has a 50 day moving average price of $6.19 and a 200-day moving average price of $6.18. Eastman Kodak Company has a 52-week low of $4.26 and a 52-week high of $8.24. The firm has a market capitalization of $550.80 million, a price-to-earnings ratio of -68.00 and a beta of 1.49. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.46 and a current ratio of 0.79.

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

Insider Activity at Eastman Kodak

In other news, CEO James V. Continenza purchased 50,000 shares of Eastman Kodak stock in a transaction that occurred on Thursday, August 14th. The stock was bought at an average price of $5.74 per share, with a total value of $287,000.00. Following the completion of the transaction, the chief executive officer directly owned 1,902,011 shares of the company’s stock, valued at approximately $10,917,543.14. The trade was a 2.70% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Philippe D. Katz purchased 10,000 shares of Eastman Kodak stock in a transaction that occurred on Thursday, August 14th. The shares were purchased at an average cost of $5.67 per share, with a total value of $56,700.00. Following the transaction, the director directly owned 180,026 shares of the company’s stock, valued at $1,020,747.42. This represents a 5.88% increase in their ownership of the stock. The disclosure for this purchase can be found here. 23.87% of the stock is owned by company insiders.

Eastman Kodak 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.