Eastman Kodak (NYSE:KODK) Downgraded by Wall Street Zen to "Hold"

Eastman Kodak (NYSE:KODK - Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a report released on Saturday, Wall Street Zen reports.

Several other brokerages have also recently issued reports on KODK. Zacks Research upgraded Eastman Kodak to a "hold" rating in a research report on Thursday, September 17th. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Eastman Kodak in a research note on Wednesday, November 4th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Reduce".

Eastman Kodak Price Performance

Shares of Eastman Kodak stock opened at $8.13 on Friday. Eastman Kodak has a 1 year low of $6.41 and a 1 year high of $14.87. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.18 and a quick ratio of 2.13. The company's fifty day moving average is $9.14 and its two-hundred day moving average is $9.26.

Eastman Kodak (NYSE:KODK - Get Free Report) last posted its quarterly earnings data on Tuesday, November 3rd. The technology company reported $0.18 EPS for the quarter, beating analysts' consensus estimates of $0.16 by $0.02. Eastman Kodak had a negative net margin of 7.53% and a negative return on equity of 13.81%. The company had revenue of $276.00 million for the quarter, compared to analyst estimates of $294.00 million. As a group, sell-side analysts forecast that Eastman Kodak will post 0.44 earnings per share for the current fiscal year.

Institutional Trading of Eastman Kodak

Hedge funds and other institutional investors have recently made changes to their positions in the company. First Trust Advisors LP grew its holdings in shares of Eastman Kodak by 0.6% in the 1st quarter. First Trust Advisors LP now owns 224,077 shares of the technology company's stock worth $2,028,000 after acquiring an additional 1,294 shares during the period. The Manufacturers Life Insurance Company raised its holdings in Eastman Kodak by 13.7% during the first quarter. The Manufacturers Life Insurance Company now owns 17,672 shares of the technology company's stock worth $160,000 after purchasing an additional 2,124 shares during the last quarter. First Eagle Investment Management LLC raised its holdings in Eastman Kodak by 0.9% during the third quarter. First Eagle Investment Management LLC now owns 288,500 shares of the technology company's stock worth $2,758,000 after purchasing an additional 2,500 shares during the last quarter. Empowered Funds LLC raised its holdings in Eastman Kodak by 1.1% during the second quarter. Empowered Funds LLC now owns 393,092 shares of the technology company's stock worth $3,636,000 after purchasing an additional 4,176 shares during the last quarter. Finally, Bank of Nova Scotia boosted its position in Eastman Kodak by 30.1% during the first quarter. Bank of Nova Scotia now owns 18,495 shares of the technology company's stock worth $167,000 after purchasing an additional 4,282 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 is an imaging and materials science company with roots in the photography business founded by George Eastman in the late 19th century. While Kodak became widely known for cameras and photographic film, its business today also serves commercial printing and industrial markets. Kodak supplies printing plates, digital printing equipment, workflow software and related services to the graphic communications industry. It also makes photographic and motion picture film, photographic chemicals, and specialty materials and chemicals for commercial and industrial uses.

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