Bridgeway Capital Management LLC Grows Position in Eastman Kodak (NYSE:KODK)

Bridgeway Capital Management LLC raised its holdings in shares of Eastman Kodak (NYSE:KODK - Free Report) by 11.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 715,758 shares of the technology company's stock after acquiring an additional 75,298 shares during the quarter. Bridgeway Capital Management LLC owned about 0.89% of Eastman Kodak worth $4,703,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in KODK. Commonwealth Equity Services LLC purchased a new stake in Eastman Kodak during the 4th quarter worth about $67,000. Trexquant Investment LP bought a new stake in shares of Eastman Kodak during the fourth quarter valued at about $74,000. AXQ Capital LP purchased a new stake in shares of Eastman Kodak in the fourth quarter worth about $92,000. Tower Research Capital LLC TRC boosted its position in shares of Eastman Kodak by 157.1% in the fourth quarter. Tower Research Capital LLC TRC now owns 14,927 shares of the technology company's stock valued at $98,000 after acquiring an additional 9,121 shares during the period. Finally, LPL Financial LLC lifted its stake in Eastman Kodak by 27.6% in the 4th quarter. LPL Financial LLC now owns 18,337 shares of the technology company's stock worth $120,000 after purchasing an additional 3,968 shares in the last quarter. Hedge funds and other institutional investors own 33.65% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of Eastman Kodak from a "hold" rating to a "sell" rating in a report on Monday.

Eastman Kodak Price Performance

KODK stock traded up $0.29 during mid-day trading on Tuesday, hitting $6.38. 1,430,043 shares of the stock were exchanged, compared to its average volume of 1,018,088. Eastman Kodak has a 12 month low of $4.26 and a 12 month high of $8.24. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.41 and a quick ratio of 1.51. The business has a fifty day moving average price of $6.26 and a 200 day moving average price of $6.48. The stock has a market capitalization of $515.29 million, a price-to-earnings ratio of 9.11 and a beta of 3.92.

Eastman Kodak (NYSE:KODK - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The technology company reported ($0.12) earnings per share (EPS) for the quarter. Eastman Kodak had a net margin of 7.70% and a return on equity of 8.47%.

Eastman Kodak 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.