Millennium Management LLC Boosts Holdings in Eastman Kodak (NYSE:KODK)

Millennium Management LLC raised its position in shares of Eastman Kodak (NYSE:KODK - Free Report) by 86.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 93,983 shares of the technology company's stock after acquiring an additional 43,504 shares during the period. Millennium Management LLC owned approximately 0.12% of Eastman Kodak worth $617,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of KODK. Commonwealth Equity Services LLC purchased a new stake in shares of Eastman Kodak during the 4th quarter worth approximately $67,000. Trexquant Investment LP purchased a new stake in shares of Eastman Kodak during the 4th quarter worth approximately $74,000. AXQ Capital LP purchased a new stake in shares of Eastman Kodak during the 4th quarter worth approximately $92,000. Tower Research Capital LLC TRC raised its holdings in shares of Eastman Kodak by 157.1% during the 4th quarter. Tower Research Capital LLC TRC now owns 14,927 shares of the technology company's stock worth $98,000 after acquiring an additional 9,121 shares in the last quarter. Finally, LPL Financial LLC raised its holdings in shares of Eastman Kodak by 27.6% during the 4th quarter. LPL Financial LLC now owns 18,337 shares of the technology company's stock worth $120,000 after acquiring an additional 3,968 shares in the last quarter. 33.65% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Eastman Kodak Stock Up 4.5%

Shares of KODK opened at $5.81 on Friday. The stock has a market capitalization of $469.25 million, a price-to-earnings ratio of 8.30 and a beta of 3.80. Eastman Kodak has a 1 year low of $4.26 and a 1 year high of $8.24. The business's 50 day simple moving average is $6.07 and its 200-day simple moving average is $6.60. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.41 and a quick ratio of 1.51.

Eastman Kodak (NYSE:KODK - Get Free Report) last released its earnings results on Thursday, May 8th. The technology company reported ($0.12) earnings per share for the quarter. Eastman Kodak had a net margin of 7.70% and a return on equity of 8.47%.

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.

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