Eastman Kodak (NYSE:KODK) Rating Increased to Hold at Wall Street Zen

Wall Street Zen upgraded shares of Eastman Kodak (NYSE:KODK) from a sell rating to a hold rating in a report issued on Saturday.

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

Eastman Kodak Stock Performance

Shares of NYSE:KODK traded down $0.61 during midday trading on Friday, reaching $7.38. The company’s stock had a trading volume of 1,744,781 shares, compared to its average volume of 1,356,351. The firm has a market capitalization of $710.95 million, a PE ratio of -73.75 and a beta of 1.43. The stock has a fifty day moving average of $6.56 and a 200 day moving average of $6.31. Eastman Kodak has a twelve month low of $4.26 and a twelve month high of $8.90. The company has a quick ratio of 0.46, a current ratio of 0.79 and a debt-to-equity ratio of 0.02.

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

Insider Transactions at Eastman Kodak

In related news, SVP Roger W. Byrd sold 19,744 shares of Eastman Kodak stock in a transaction dated Monday, November 10th. The stock was sold at an average price of $8.00, for a total value of $157,952.00. Following the sale, the senior vice president directly owned 59,266 shares in the company, valued at approximately $474,128. The trade was a 24.99% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 23.87% of the company’s stock.

Hedge Funds Weigh In On Eastman Kodak

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Quantbot Technologies LP increased its position in shares of Eastman Kodak by 3.8% during the third quarter. Quantbot Technologies LP now owns 37,306 shares of the technology company’s stock worth $239,000 after purchasing an additional 1,357 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Eastman Kodak by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,992 shares of the technology company’s stock worth $227,000 after purchasing an additional 1,566 shares during the last quarter. Creative Planning grew its holdings in shares of Eastman Kodak by 3.4% during the second quarter. Creative Planning now owns 52,090 shares of the technology company’s stock worth $294,000 after buying an additional 1,726 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in shares of Eastman Kodak by 9.0% in the second quarter. The Manufacturers Life Insurance Company now owns 23,887 shares of the technology company’s stock valued at $135,000 after buying an additional 1,964 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its stake 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 worth $35,000 after buying an additional 2,723 shares in the last quarter. 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.