Eastman Kodak (NYSE:KODK) Upgraded by Wall Street Zen to Buy Rating

Key Points

• Wall Street Zen upgraded Eastman Kodak from “hold” to “buy,” although Weiss Ratings separately lowered its rating to “sell”; MarketBeat’s consensus remains “Sell.”
• Kodak shares opened at $10.02 and were reported up 6.0%, with a market capitalization of approximately $981 million. The company posted quarterly earnings of $0.13 per share on $311 million in revenue.
• Institutional investors and hedge funds own 33.65% of Kodak, with Vanguard and Dimensional Fund Advisors among investors that increased their holdings.

Eastman Kodak (NYSE:KODK - Get Free Report) was upgraded by investment analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research report issued on Saturday.

Separately, Weiss Ratings cut Eastman Kodak from a "sell (d+)" rating to a "sell (d)" rating in a research report on Tuesday, July 28th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Eastman Kodak currently has an average rating of "Sell".

Eastman Kodak Stock Up 6.0%

Shares of KODK stock opened at $10.02 on Friday. Eastman Kodak has a 52-week low of $4.94 and a 52-week high of $14.87. The stock has a market cap of $981.06 million, a price-to-earnings ratio of -7.21 and a beta of 1.56. The firm's 50-day moving average is $8.89 and its 200-day moving average is $9.17. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.71 and a current ratio of 2.91.

Eastman Kodak (NYSE:KODK - Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The technology company reported $0.13 EPS for the quarter. The business had revenue of $311.00 million during the quarter. Eastman Kodak had a negative return on equity of 14.47% and a negative net margin of 8.28%.

Institutional Trading of Eastman Kodak

Hedge funds have recently modified their holdings of the stock. Dimensional Fund Advisors LP boosted its holdings in shares of Eastman Kodak by 5.5% during the first quarter. Dimensional Fund Advisors LP now owns 2,177,801 shares of the technology company's stock worth $19,707,000 after acquiring an additional 113,398 shares during the period. FourThought Financial Partners LLC acquired a new position in shares of Eastman Kodak in the fourth quarter valued at approximately $443,000. Vanguard Group Inc. increased 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 worth $48,329,000 after purchasing an additional 514,558 shares during the period. Weiss Asset Management LP bought a new position in shares of Eastman Kodak during the first quarter worth approximately $790,000. Finally, Bank of Nova Scotia lifted its holdings in Eastman Kodak by 30.1% during the 1st quarter. Bank of Nova Scotia now owns 18,495 shares of the technology company's stock worth $167,000 after purchasing an additional 4,282 shares during the last quarter. Institutional investors and hedge funds own 33.65% of the company's stock.

About Eastman Kodak

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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