Caxton Associates LLP Invests $553,000 in Eastman Kodak Company $KODK

Key Points

• Caxton Associates LLP acquired 87,568 shares of Eastman Kodak Company, valued at approximately $553,000, representing about 0.11% ownership at the end of Q1.
• Other large investors also increased their stakes in Eastman Kodak, with GAMMA Investing LLC raising its position by 1,163.0% in the same quarter.
• Eastman Kodak reported a net margin of 1.06% and a revenue of $263 million in its most recent earnings, reflecting ongoing financial challenges.

Caxton Associates LLP acquired a new position in Eastman Kodak Company (NYSE:KODK - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 87,568 shares of the technology company's stock, valued at approximately $553,000. Caxton Associates LLP owned 0.11% of Eastman Kodak as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the stock. Northern Trust Corp lifted its holdings in Eastman Kodak by 27.2% in the fourth quarter. Northern Trust Corp now owns 686,532 shares of the technology company's stock worth $4,511,000 after buying an additional 146,674 shares during the period. Deutsche Bank AG lifted its stake in shares of Eastman Kodak by 76.1% in the 4th quarter. Deutsche Bank AG now owns 57,904 shares of the technology company's stock valued at $380,000 after purchasing an additional 25,018 shares during the period. D. E. Shaw & Co. Inc. boosted its position in shares of Eastman Kodak by 133.7% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 34,313 shares of the technology company's stock valued at $225,000 after purchasing an additional 19,632 shares in the last quarter. Millennium Management LLC grew its stake in Eastman Kodak by 86.2% in the fourth quarter. Millennium Management LLC now owns 93,983 shares of the technology company's stock worth $617,000 after purchasing an additional 43,504 shares during the period. Finally, ProShare Advisors LLC raised its holdings in Eastman Kodak by 49.0% in the fourth quarter. ProShare Advisors LLC now owns 17,035 shares of the technology company's stock worth $112,000 after purchasing an additional 5,605 shares in the last quarter. 33.65% of the stock is currently owned by institutional investors.

Eastman Kodak Stock Up 0.3%

Eastman Kodak stock traded up $0.02 on Wednesday, hitting $5.97. 195,427 shares of the stock traded hands, compared to its average volume of 1,312,069. The business's fifty day simple moving average is $6.31 and its 200 day simple moving average is $6.20. The firm has a market cap of $483.17 million, a P/E ratio of -59.65 and a beta of 1.26. The company has a current ratio of 0.79, a quick ratio of 0.46 and a debt-to-equity ratio of 0.02. Eastman Kodak Company has a 1 year low of $4.26 and a 1 year high of $8.24.

Eastman Kodak (NYSE:KODK - Get Free Report) last issued its quarterly earnings results on Monday, August 11th. The technology company reported ($0.30) earnings per share (EPS) for the quarter. Eastman Kodak had a net margin of 1.06% and a return on equity of 2.32%. The business had revenue of $263.00 million for the quarter.

Insider Activity at Eastman Kodak

In other news, CEO James V. Continenza purchased 50,000 shares of Eastman Kodak stock in a transaction that occurred on Thursday, August 14th. The stock was bought at an average price of $5.74 per share, with a total value 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. The trade was a 2.70% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Philippe D. Katz acquired 10,000 shares of Eastman Kodak stock in a transaction that occurred on Thursday, August 14th. The stock was acquired at an average price of $5.67 per share, with a total value of $56,700.00. Following the completion of the acquisition, the director directly owned 180,026 shares in the company, valued at $1,020,747.42. This represents a 5.88% increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 23.86% of the company's stock.

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.