Eastman Kodak Company (NYSE:KODK) CEO James V. Continenza Acquires 50,000 Shares

Key Points

• Eastman Kodak's CEO, James V. Continenza, purchased 50,000 shares of the company's stock at an average price of $5.74 per share, totaling approximately $287,000.
• The company's stock is currently valued at around $5.84 per share, showing a recent increase in trading activity with over 2.7 million shares exchanged.
• Recently, Wall Street analysts downgraded Eastman Kodak's rating from "hold" to "sell", reflecting concerns about the company's financial performance.

Eastman Kodak Company (NYSE:KODK - Get Free Report) CEO James V. Continenza bought 50,000 shares of the business's stock in a transaction dated Thursday, August 14th. The shares were purchased at an average price of $5.74 per share, for a total transaction of $287,000.00. Following the transaction, the chief executive officer directly owned 1,902,011 shares of the company's stock, valued at approximately $10,917,543.14. This represents a 2.70% increase in their position. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink.

Eastman Kodak Stock Performance

Shares of KODK traded up $0.40 during midday trading on Thursday, reaching $5.84. 2,711,722 shares of the stock were exchanged, compared to its average volume of 1,716,933. The business's 50-day moving average price is $6.30 and its 200 day moving average price is $6.44. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.79 and a quick ratio of 1.31. Eastman Kodak Company has a twelve month low of $4.26 and a twelve month high of $8.24. The company has a market capitalization of $472.64 million, a price-to-earnings ratio of -58.35 and a beta of 0.90.

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

Analyst Ratings Changes

Separately, Wall Street Zen cut Eastman Kodak from a "hold" rating to a "sell" rating in a research report on Monday, May 12th.

Hedge Funds Weigh In On Eastman Kodak

A number of hedge funds and other institutional investors have recently made changes to their positions in KODK. LPL Financial LLC grew its holdings in shares of Eastman Kodak by 27.6% during the fourth quarter. LPL Financial LLC now owns 18,337 shares of the technology company's stock worth $120,000 after buying an additional 3,968 shares during the last quarter. Geode Capital Management LLC lifted its position in Eastman Kodak by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 1,542,813 shares of the technology company's stock valued at $10,139,000 after purchasing an additional 14,142 shares during the period. Invesco Ltd. lifted its position in Eastman Kodak by 1.9% in the fourth quarter. Invesco Ltd. now owns 350,171 shares of the technology company's stock valued at $2,301,000 after purchasing an additional 6,452 shares during the period. Barclays PLC lifted its position in Eastman Kodak by 15.0% in the fourth quarter. Barclays PLC now owns 90,970 shares of the technology company's stock valued at $597,000 after purchasing an additional 11,876 shares during the period. Finally, Jump Financial LLC acquired a new stake in Eastman Kodak in the fourth quarter valued at about $278,000. 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.

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