Eastman Kodak Company (NYSE:KODK) Director Purchases $56,700.00 in Stock

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 stock in a transaction dated Thursday, August 14th. The shares were bought at an average price of $5.67 per share, with a total value of $56,700.00. Following the completion of the acquisition, the director directly owned 180,026 shares of the company's stock, valued at approximately $1,020,747.42. This represents a 5.88% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Eastman Kodak Trading Down 4.4%

Eastman Kodak stock traded down $0.28 during trading hours on Monday, reaching $5.97. 1,284,325 shares of the company's stock were exchanged, compared to its average volume of 1,353,767. The company has a quick ratio of 0.46, a current ratio of 0.79 and a debt-to-equity ratio of 0.02. The firm's 50 day simple moving average is $6.31 and its 200 day simple moving average is $6.43. Eastman Kodak Company has a twelve month low of $4.26 and a twelve month high of $8.24. The firm has a market capitalization of $483.17 million, a PE ratio of -59.45 and a beta of 0.90.

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

Analyst Ratings Changes

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

Institutional Trading of Eastman Kodak

A number of large investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its position in shares of Eastman Kodak by 2.6% during the 1st quarter. Vanguard Group Inc. now owns 4,102,092 shares of the technology company's stock worth $25,925,000 after purchasing an additional 104,703 shares in the last quarter. Marshall Wace LLP boosted its position in shares of Eastman Kodak by 50.6% during the 2nd quarter. Marshall Wace LLP now owns 2,711,241 shares of the technology company's stock worth $15,319,000 after purchasing an additional 910,644 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Eastman Kodak by 5.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,465,814 shares of the technology company's stock worth $16,202,000 after purchasing an additional 123,669 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Eastman Kodak by 3.4% during the 2nd quarter. Geode Capital Management LLC now owns 1,636,651 shares of the technology company's stock worth $9,249,000 after purchasing an additional 53,959 shares in the last quarter. Finally, GMT Capital Corp boosted its position in shares of Eastman Kodak by 17.6% during the 1st quarter. GMT Capital Corp now owns 981,400 shares of the technology company's stock worth $6,202,000 after purchasing an additional 147,205 shares in the last quarter. 33.65% of the stock is currently owned by institutional investors and hedge funds.

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.