Eastman Kodak (NYSE:KODK) Earns Sell (D+) Rating from Weiss Ratings

Key Points

• Eastman Kodak's stock has been given a "sell (D+)" rating by Weiss Ratings, indicating negative sentiment from analysts.
• The stock traded up 2.9% to reach $6.80, with a trading volume higher than its average.
• Significant insider purchases were made recently, with the CEO acquiring 50,000 shares, suggesting confidence in the company's future.

Eastman Kodak (NYSE:KODK - Get Free Report)'s stock had its "sell (d+)" rating reiterated by equities research analysts at Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

Eastman Kodak Trading Up 2.9%

KODK stock traded up $0.19 during trading on Wednesday, reaching $6.80. The company had a trading volume of 1,342,538 shares, compared to its average volume of 1,259,775. Eastman Kodak has a 52 week low of $4.26 and a 52 week high of $8.24. The company has a market cap of $550.80 million, a P/E ratio of -68.00 and a beta of 1.49. The business has a 50 day moving average of $6.19 and a 200 day moving average of $6.18. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.79 and a quick ratio of 0.46.

Eastman Kodak (NYSE:KODK - Get Free Report) last announced its quarterly earnings data 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 during the quarter.

Insider Activity at Eastman Kodak

In other Eastman Kodak news, Director Philippe D. Katz purchased 10,000 shares of the firm's stock in a transaction on Thursday, August 14th. The shares were acquired at an average cost of $5.67 per share, for a total transaction of $56,700.00. Following the completion of the transaction, the director owned 180,026 shares of the company's stock, valued at approximately $1,020,747.42. The trade was a 5.88% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO James V. Continenza purchased 50,000 shares of the firm's stock in a transaction on Thursday, August 14th. The stock was acquired at an average price of $5.74 per share, for a total transaction of $287,000.00. Following the completion of 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 trade represents a 2.70% increase in their position. The disclosure for this purchase can be found here. 23.87% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Eastman Kodak

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Headlands Technologies LLC purchased a new position in shares of Eastman Kodak in the 2nd quarter worth $45,000. Tower Research Capital LLC TRC boosted its stake in shares of Eastman Kodak by 239.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 8,075 shares of the technology company's stock worth $46,000 after purchasing an additional 5,698 shares during the period. BNP Paribas Financial Markets boosted its stake in shares of Eastman Kodak by 78.2% during the 2nd quarter. BNP Paribas Financial Markets now owns 6,207 shares of the technology company's stock worth $35,000 after purchasing an additional 2,723 shares during the period. Bridgeway Capital Management LLC boosted its stake in shares of Eastman Kodak by 3.6% during the 2nd quarter. Bridgeway Capital Management LLC now owns 760,108 shares of the technology company's stock worth $4,295,000 after purchasing an additional 26,729 shares during the period. Finally, Brevan Howard Capital Management LP purchased a new position in shares of Eastman Kodak during the 2nd quarter worth about $209,000. 33.65% of the stock is 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.

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