Eastman Kodak Company $KODK Shares Sold by Goldman Sachs Group Inc.

Key Points

• Goldman Sachs Group Inc. reduced its stake in Eastman Kodak Company by 33.3%, selling 84,932 shares and holding 169,882 shares worth approximately $1,074,000 at the end of the reporting period.
• Eastman Kodak's stock opened at $6.19 and has a market capitalization of $501.39 million, with a PE ratio of -61.90 and a 52-week trading range of $4.26 to $8.24.
• Insiders, including Director Philippe D. Katz and CEO James V. Continenza, purchased shares recently, increasing their holdings significantly, demonstrating confidence in the company's prospects.

Goldman Sachs Group Inc. decreased its holdings in shares of Eastman Kodak Company (NYSE:KODK - Free Report) by 33.3% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 169,882 shares of the technology company's stock after selling 84,932 shares during the period. Goldman Sachs Group Inc. owned approximately 0.21% of Eastman Kodak worth $1,074,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of KODK. Russell Investments Group Ltd. raised its position in shares of Eastman Kodak by 34,542.8% in the 1st quarter. Russell Investments Group Ltd. now owns 272,639 shares of the technology company's stock valued at $1,723,000 after purchasing an additional 271,852 shares during the last quarter. Tenzing Global Management LLC purchased a new position in shares of Eastman Kodak in the 1st quarter valued at approximately $1,580,000. Segall Bryant & Hamill LLC purchased a new position in shares of Eastman Kodak in the 1st quarter valued at approximately $967,000. GMT Capital Corp increased its position in shares of Eastman Kodak by 17.6% in the 1st quarter. GMT Capital Corp now owns 981,400 shares of the technology company's stock valued at $6,202,000 after acquiring an additional 147,205 shares during the period. Finally, Nuveen LLC acquired a new stake in Eastman Kodak during the 1st quarter worth about $913,000. 33.65% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Eastman Kodak

In other Eastman Kodak news, Director Philippe D. Katz acquired 10,000 shares of the business's stock in a transaction on Thursday, August 14th. The stock was bought at an average price of $5.67 per share, for a total transaction of $56,700.00. Following the acquisition, the director owned 180,026 shares in the company, valued at approximately $1,020,747.42. The trade was a 5.88% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO James V. Continenza acquired 50,000 shares of the business's stock in a transaction on Thursday, August 14th. The stock was acquired at an average price of $5.74 per share, with a total value of $287,000.00. Following the acquisition, the chief executive officer owned 1,902,011 shares in the company, valued at $10,917,543.14. The trade was a 2.70% increase in their position. The disclosure for this purchase can be found here. 23.86% of the stock is owned by company insiders.

Eastman Kodak Stock Performance

KODK traded up $0.12 during midday trading on Monday, hitting $6.31. 1,766,498 shares of the company were exchanged, compared to its average volume of 914,113. The company's 50 day simple moving average is $6.27 and its 200 day simple moving average is $6.18. The firm has a market capitalization of $510.95 million, a price-to-earnings ratio of -63.08 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 announced its quarterly earnings results on Monday, August 11th. The technology company reported ($0.30) earnings per share for the quarter. The company had revenue of $263.00 million for the quarter. Eastman Kodak had a return on equity of 2.32% and a net margin of 1.06%.

Eastman Kodak 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.