Delta Investment Management LLC Takes Position in Eastman Kodak Company $KODK

Key Points

• Delta Investment Management LLC has acquired a new position in Eastman Kodak Company, purchasing 52,000 shares valued at approximately $329,000, representing about 0.06% ownership of the company.
• Several institutional investors have increased their stakes in Kodak, with Russell Investments Group Ltd. dramatically growing its position by 34,542.8% to own 272,639 shares worth $1.7 million.
• Eastman Kodak's shares recently opened at $5.86, with a 1-year price range between $4.26 and $8.24, and the company reported a quarterly loss of ($0.30) per share with revenues of $263 million.

Delta Investment Management LLC bought a new position in Eastman Kodak Company (NYSE:KODK - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 52,000 shares of the technology company's stock, valued at approximately $329,000. Delta Investment Management LLC owned 0.06% of Eastman Kodak at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Susquehanna Fundamental Investments LLC bought a new position in Eastman Kodak in the fourth quarter worth $1,316,000. Northern Trust Corp lifted its position 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 purchasing an additional 146,674 shares during the period. Dimensional Fund Advisors LP lifted its position in Eastman Kodak by 5.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,465,814 shares of the technology company's stock worth $16,202,000 after purchasing an additional 123,669 shares during the period. Price T Rowe Associates Inc. MD lifted its position in Eastman Kodak by 5.4% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 67,170 shares of the technology company's stock worth $442,000 after purchasing an additional 3,449 shares during the period. Finally, Segall Bryant & Hamill LLC bought a new position in Eastman Kodak in the first quarter worth $967,000. 33.65% of the stock is owned by institutional investors.

Insider Buying and Selling at Eastman Kodak

In other Eastman Kodak news, CEO James V. Continenza bought 50,000 shares of the stock in a transaction dated Thursday, August 14th. The stock was bought at an average cost of $5.74 per share, for a total transaction of $287,000.00. Following the completion of the purchase, the chief executive officer owned 1,902,011 shares in the company, valued at $10,917,543.14. This represents a 2.70% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Philippe D. Katz bought 10,000 shares of the stock in a transaction dated 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 purchase, the director owned 180,026 shares of the company's stock, 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 23.87% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen cut Eastman Kodak from a "hold" rating to a "sell" rating in a research report on Monday, May 12th.

Eastman Kodak Price Performance

Eastman Kodak stock traded up $0.13 during mid-day trading on Friday, hitting $5.92. 1,116,299 shares of the company were exchanged, compared to its average volume of 2,049,923. The company has a quick ratio of 0.46, a current ratio of 0.79 and a debt-to-equity ratio of 0.02. The business has a fifty day moving average of $6.33 and a 200 day moving average of $6.32. Eastman Kodak Company has a 1-year low of $4.26 and a 1-year high of $8.24. The company has a market capitalization of $479.12 million, a PE ratio of -59.15 and a beta of 0.90.

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