Eastman Kodak (NYSE:KODK) Director Philippe Katz Purchases 2,000 Shares

Eastman Kodak Company (NYSE:KODK) Director Philippe Katz purchased 2,000 shares of the stock in a transaction that occurred on Wednesday, May 13th. The stock was bought at an average cost of $10.30 per share, with a total value of $20,600.00. Following the completion of the transaction, the director directly owned 187,026 shares in the company, valued at $1,926,367.80. The trade was a 1.08% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Eastman Kodak Stock Performance

Shares of Eastman Kodak stock traded down $0.83 during trading hours on Thursday, hitting $9.50. 1,985,374 shares of the company’s stock traded hands, compared to its average volume of 1,129,218. Eastman Kodak Company has a 12-month low of $4.94 and a 12-month high of $14.87. The stock has a market capitalization of $927.00 million, a price-to-earnings ratio of -5.05 and a beta of 1.66. The company has a fifty day simple moving average of $10.35 and a 200-day simple moving average of $8.64. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.53 and a quick ratio of 2.32.

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on KODK shares. Weiss Ratings lowered Eastman Kodak from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, April 29th. Wall Street Zen raised Eastman Kodak from a “hold” rating to a “buy” rating in a research report on Saturday, April 25th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has an average rating of “Sell”.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in KODK. AQR Capital Management LLC grew its stake in shares of Eastman Kodak by 8.1% during the 1st quarter. AQR Capital Management LLC now owns 175,313 shares of the technology company’s stock worth $1,108,000 after acquiring an additional 13,129 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of 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 acquiring an additional 1,566 shares during the period. Empowered Funds LLC grew its stake in shares of Eastman Kodak by 4.2% during the 1st quarter. Empowered Funds LLC now owns 435,379 shares of the technology company’s stock worth $2,752,000 after acquiring an additional 17,621 shares during the period. Creative Planning grew its stake in shares of Eastman Kodak by 3.4% during the 2nd quarter. Creative Planning now owns 52,090 shares of the technology company’s stock worth $294,000 after acquiring an additional 1,726 shares during the period. Finally, Rhumbline Advisers grew its stake in shares of Eastman Kodak by 3.1% during the 2nd quarter. Rhumbline Advisers now owns 97,705 shares of the technology company’s stock worth $552,000 after acquiring an additional 2,927 shares during the period. Institutional investors own 33.65% of the company’s stock.

Eastman Kodak Company Profile

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.