GMT Capital Corp Raises Stake in 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 stake in shares of Eastman Kodak Company (NYSE:KODK - Free Report) by 17.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 981,400 shares of the technology company's stock after acquiring an additional 147,205 shares during the period. GMT Capital Corp owned approximately 1.22% of Eastman Kodak worth $6,202,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Susquehanna Fundamental Investments LLC acquired a new stake in shares of Eastman Kodak during the fourth quarter valued at about $1,316,000. Northern Trust Corp increased its position in shares of Eastman Kodak by 27.2% during the fourth quarter. Northern Trust Corp now owns 686,532 shares of the technology company's stock valued at $4,511,000 after acquiring an additional 146,674 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Eastman Kodak by 5.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,465,814 shares of the technology company's stock valued at $16,202,000 after acquiring an additional 123,669 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Eastman Kodak by 5.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 67,170 shares of the technology company's stock valued at $442,000 after acquiring an additional 3,449 shares during the last quarter. Finally, Segall Bryant & Hamill LLC acquired a new stake in shares of Eastman Kodak during the first quarter valued at about $967,000. 33.65% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other 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 price of $5.74 per share, for a total transaction of $287,000.00. Following the completion of the purchase, the chief executive officer directly owned 1,902,011 shares of the company's stock, 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 SEC, which can be accessed through this link. 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 purchased at an average price of $5.67 per share, with a total value of $56,700.00. Following the purchase, the director directly owned 180,026 shares of the company's stock, valued at $1,020,747.42. The trade was a 5.88% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 23.86% of the company's stock.

Eastman Kodak Stock Up 2.2%

Shares of KODK stock traded up $0.13 during trading on Monday, reaching $5.92. The company's stock had a trading volume of 1,116,299 shares, compared to its average volume of 2,054,032. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.79 and a quick ratio of 0.46. The company has a market capitalization of $479.12 million, a price-to-earnings ratio of -59.15 and a beta of 1.26. The stock's 50-day moving average price is $6.33 and its 200 day moving average price is $6.30. 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 announced its quarterly earnings data on Monday, August 11th. The technology company reported ($0.30) earnings per share for the quarter. The business had revenue of $263.00 million during the quarter. Eastman Kodak had a net margin of 1.06% and a return on equity of 2.32%.

Wall Street Analysts Forecast Growth

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 Company Profile

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.