GMT Capital Corp Purchases 147,205 Shares of Eastman Kodak Company $KODK

Key Points

• GMT Capital Corp increased its holdings in Eastman Kodak Company by 17.6% during the first quarter, now owning approximately 1.22% of the company's stock valued at around $6.2 million.
• Directors and insiders have also been buying shares, with Director Philippe D. Katz acquiring 10,000 shares, and CEO James V. Continenza purchasing 50,000 shares, reflecting their confidence in the company.
• Eastman Kodak's stock saw a rise of 2.2%, with the company reporting a revenue of $263 million and a net margin of 1.06% in its latest quarterly earnings.

GMT Capital Corp raised its position in shares of Eastman Kodak Company (NYSE:KODK - Free Report) by 17.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 981,400 shares of the technology company's stock after buying an additional 147,205 shares during the period. GMT Capital Corp owned about 1.22% of Eastman Kodak worth $6,202,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of KODK. Two Sigma Investments LP boosted its position in shares of Eastman Kodak by 2.1% during the fourth quarter. Two Sigma Investments LP now owns 74,210 shares of the technology company's stock worth $488,000 after purchasing an additional 1,509 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Eastman Kodak by 1.8% in the 1st quarter. Bank of New York Mellon Corp now owns 171,505 shares of the technology company's stock valued at $1,084,000 after buying an additional 3,071 shares during the last quarter. New York State Common Retirement Fund grew its stake in Eastman Kodak by 64.4% in the 1st quarter. New York State Common Retirement Fund now owns 8,681 shares of the technology company's stock valued at $55,000 after buying an additional 3,400 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Eastman Kodak by 5.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 67,170 shares of the technology company's stock valued at $442,000 after purchasing an additional 3,449 shares during the period. Finally, AlphaQuest LLC bought a new stake in Eastman Kodak in the 1st quarter valued at about $27,000. 33.65% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Eastman Kodak Price Performance

Shares of KODK stock traded down $0.01 during trading hours on Thursday, reaching $5.76. The stock had a trading volume of 174,076 shares, compared to its average volume of 1,337,207. The stock's fifty day simple moving average is $6.33 and its 200 day simple moving average is $6.29. 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 12 month low of $4.26 and a 12 month high of $8.24. The firm has a market capitalization of $466.16 million, a PE ratio of -57.65 and a beta of 1.26.

Eastman Kodak (NYSE:KODK - Get Free Report) last announced its 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 company had revenue of $263.00 million for the quarter.

Insider Buying and Selling at Eastman Kodak

In other Eastman Kodak news, CEO James V. Continenza purchased 50,000 shares of the firm's stock in a transaction that occurred on 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 purchase, the chief executive officer directly owned 1,902,011 shares in the company, valued at $10,917,543.14. The trade was a 2.70% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Philippe D. Katz purchased 10,000 shares of the firm's 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 purchase, the director owned 180,026 shares in the company, valued at $1,020,747.42. This represents a 5.88% increase in their ownership of the stock. The disclosure for this purchase can be found here. 23.86% of the stock is owned by insiders.

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.