Eastman Kodak (NYSE:KODK) Director Philippe D. Katz Acquires 10,000 Shares

Key Points

• Director Philippe D. Katz of Eastman Kodak purchased 10,000 shares at an average price of $5.67, increasing his total holdings to 180,026 shares.
• Eastman Kodak's stock price recently rose to $5.84 with a market capitalization of $472.64 million, while the company reported (-$0.30) earnings per share for the last quarter.
• Institutional investors own 33.65% of Eastman Kodak's stock, with notable recent increases in stakes by firms like Northern Trust Corp and Dimensional Fund Advisors LP.

Eastman Kodak Company (NYSE:KODK - Get Free Report) Director Philippe D. Katz purchased 10,000 shares of the firm's stock in a transaction dated Thursday, August 14th. The stock was purchased at an average cost of $5.67 per share, for a total transaction of $56,700.00. Following the acquisition, the director owned 180,026 shares of the company's stock, valued at approximately $1,020,747.42. This trade represents a 5.88% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Eastman Kodak Price Performance

NYSE:KODK traded up $0.1550 during midday trading on Tuesday, hitting $5.9950. The company had a trading volume of 527,688 shares, compared to its average volume of 1,353,265. Eastman Kodak Company has a 52-week low of $4.26 and a 52-week high of $8.24. The stock's fifty day moving average price is $6.31 and its 200-day moving average price is $6.42. The company has a market capitalization of $485.60 million, a PE ratio of -59.61 and a beta of 0.90. 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 - Get Free Report) last announced its 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 during the quarter.

Analysts Set New Price Targets

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

Institutional Trading of Eastman Kodak

Several institutional investors have recently added to or reduced their stakes in the business. AlphaQuest LLC bought a new position in shares of Eastman Kodak during the first quarter valued at about $27,000. BNP Paribas Financial Markets raised its stake in shares of Eastman Kodak by 78.2% during the second quarter. BNP Paribas Financial Markets now owns 6,207 shares of the technology company's stock valued at $35,000 after acquiring an additional 2,723 shares during the last quarter. Byrne Asset Management LLC bought a new position in shares of Eastman Kodak during the second quarter valued at about $39,000. GAMMA Investing LLC raised its stake in shares of Eastman Kodak by 1,163.0% during the first quarter. GAMMA Investing LLC now owns 7,363 shares of the technology company's stock valued at $47,000 after acquiring an additional 6,780 shares during the last quarter. Finally, Headlands Technologies LLC bought a new position in shares of Eastman Kodak during the second quarter valued at about $45,000. 33.65% of the stock is currently owned by hedge funds and other institutional investors.

About Eastman Kodak

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.