JPMorgan Chase & Co. Sells 194,807 Shares of Eastman Kodak (NYSE:KODK)

JPMorgan Chase & Co. decreased its stake in Eastman Kodak (NYSE:KODK - Free Report) by 87.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 27,258 shares of the technology company's stock after selling 194,807 shares during the period. JPMorgan Chase & Co.'s holdings in Eastman Kodak were worth $179,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of KODK. Commonwealth Equity Services LLC acquired a new stake in shares of Eastman Kodak during the 4th quarter worth approximately $67,000. AXQ Capital LP bought a new stake in Eastman Kodak in the 4th quarter valued at $92,000. LPL Financial LLC raised its stake in shares of Eastman Kodak by 27.6% in the 4th quarter. LPL Financial LLC now owns 18,337 shares of the technology company's stock valued at $120,000 after buying an additional 3,968 shares in the last quarter. ARK Investment Management LLC raised its stake in shares of Eastman Kodak by 9.7% in the 4th quarter. ARK Investment Management LLC now owns 19,218 shares of the technology company's stock valued at $126,000 after buying an additional 1,692 shares in the last quarter. Finally, Cobblestone Capital Advisors LLC NY boosted its position in shares of Eastman Kodak by 49.7% during the 4th quarter. Cobblestone Capital Advisors LLC NY now owns 30,140 shares of the technology company's stock valued at $198,000 after acquiring an additional 10,000 shares in the last quarter. Institutional investors and hedge funds own 33.65% of the company's stock.

Eastman Kodak Price Performance

NYSE:KODK traded up $0.08 during mid-day trading on Wednesday, hitting $6.37. The company's stock had a trading volume of 960,019 shares, compared to its average volume of 972,764. The company has a market capitalization of $514.08 million, a price-to-earnings ratio of 9.09 and a beta of 3.92. The company has a current ratio of 2.41, a quick ratio of 1.51 and a debt-to-equity ratio of 0.47. Eastman Kodak has a fifty-two week low of $4.26 and a fifty-two week high of $8.24. The stock has a fifty day moving average of $6.30 and a 200-day moving average of $6.43.

Eastman Kodak (NYSE:KODK - Get Free Report) last posted its earnings results on Monday, March 17th. The technology company reported $0.23 EPS for the quarter. Eastman Kodak had a return on equity of 8.47% and a net margin of 7.70%. The business had revenue of $266.00 million during the quarter.

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.