Eastman Kodak (NYSE:KODK) Stock Price Down 4.8% - Time to Sell?

Key Points

• Stock drop: Eastman Kodak shares fell 4.8% on Monday to about $11.52, with intraday volume ~387,457 shares (down ~62% from the average) from a prior close of $12.09.
• Bearish analyst view and weak results: The consensus rating is "Sell" (Weiss reiterated "sell (d+)"), and the company reported a ($1.23) EPS with negative ROE (−19.99%) and net margin (−11.97%).
• Institutional activity: Several large investors—including Marshall Wace, Goldman Sachs, Vanguard, Two Sigma and Millennium—significantly increased their stakes, and institutions now own about 33.65% of the stock.

Eastman Kodak Company (NYSE:KODK - Get Free Report)'s stock price dropped 4.8% during trading on Monday . The company traded as low as $11.38 and last traded at $11.5150. Approximately 387,457 shares changed hands during mid-day trading, a decline of 62% from the average daily volume of 1,024,469 shares. The stock had previously closed at $12.09.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a "sell (d+)" rating on shares of Eastman Kodak in a research report on Wednesday, January 21st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has a consensus rating of "Sell".

Eastman Kodak Stock Down 2.6%

The company has a 50 day simple moving average of $8.22 and a two-hundred day simple moving average of $7.74. The company has a quick ratio of 2.32, a current ratio of 3.14 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $1.15 billion, a P/E ratio of -6.58 and a beta of 1.36.

Eastman Kodak (NYSE:KODK - Get Free Report) last issued its quarterly earnings data on Thursday, March 12th. The technology company reported ($1.23) earnings per share for the quarter. Eastman Kodak had a negative return on equity of 19.99% and a negative net margin of 11.97%.The company had revenue of $290.00 million for the quarter.

Institutional Investors Weigh In On Eastman Kodak

Several large investors have recently added to or reduced their stakes in KODK. Marshall Wace LLP increased its stake in Eastman Kodak by 32.8% during the fourth quarter. Marshall Wace LLP now owns 3,817,610 shares of the technology company's stock worth $32,297,000 after acquiring an additional 942,413 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in Eastman Kodak by 225.8% during the fourth quarter. Goldman Sachs Group Inc. now owns 830,732 shares of the technology company's stock worth $7,028,000 after acquiring an additional 575,733 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Eastman Kodak by 9.9% during the fourth quarter. Vanguard Group Inc. now owns 5,712,683 shares of the technology company's stock valued at $48,329,000 after buying an additional 514,558 shares during the last quarter. Two Sigma Investments LP grew its stake in shares of Eastman Kodak by 199.6% during the third quarter. Two Sigma Investments LP now owns 403,162 shares of the technology company's stock valued at $2,584,000 after buying an additional 268,603 shares during the last quarter. Finally, Millennium Management LLC grew its stake in shares of Eastman Kodak by 97.2% during the fourth quarter. Millennium Management LLC now owns 536,957 shares of the technology company's stock valued at $4,543,000 after buying an additional 264,629 shares during the last quarter. 33.65% of the stock is owned by institutional investors.

Eastman Kodak Company Profile

Eastman Kodak Company NYSE: KODK is a global technology firm specializing in imaging, printing and advanced materials. The company offers a wide array of products and services that enable customers to create, manage and share visual content across traditional and digital platforms. Its core offerings include graphic communications solutions, enterprise inkjet systems, packaging technologies, functional printing and micro 3D printing systems.

Kodak's graphic communications segment serves commercial printers, packaging converters and publishing houses with offset plates, digital presses, workflow software and services designed to streamline production.

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