Millennium Management LLC lifted its holdings in Eastman Kodak (NYSE:KODK - Free Report) by 86.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 93,983 shares of the technology company's stock after buying an additional 43,504 shares during the quarter. Millennium Management LLC owned about 0.12% of Eastman Kodak worth $617,000 at the end of the most recent quarter.
A number of other institutional investors have also made changes to their positions in the business. Commonwealth Equity Services LLC acquired a new stake in Eastman Kodak in the fourth quarter worth about $67,000. Trexquant Investment LP acquired a new stake in Eastman Kodak in the fourth quarter worth about $74,000. AXQ Capital LP acquired a new stake in Eastman Kodak in the fourth quarter worth about $92,000. Tower Research Capital LLC TRC increased its position in Eastman Kodak by 157.1% in the fourth quarter. Tower Research Capital LLC TRC now owns 14,927 shares of the technology company's stock worth $98,000 after purchasing an additional 9,121 shares during the period. Finally, LPL Financial LLC increased its position in Eastman Kodak by 27.6% in the fourth quarter. LPL Financial LLC now owns 18,337 shares of the technology company's stock worth $120,000 after purchasing an additional 3,968 shares during the period. 33.65% of the stock is owned by institutional investors.
Analyst Ratings Changes
Separately, Wall Street Zen lowered Eastman Kodak from a "hold" rating to a "sell" rating in a research report on Monday, May 12th.
Check Out Our Latest Stock Report on KODK
Eastman Kodak Trading Down 0.3%
Shares of Eastman Kodak stock traded down $0.02 during trading on Wednesday, hitting $5.88. 1,060,123 shares of the company were exchanged, compared to its average volume of 1,040,767. The firm has a market capitalization of $474.50 million, a P/E ratio of 8.39 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 firm's fifty day moving average price is $6.08 and its 200 day moving average price is $6.61. 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 posted its earnings results on Thursday, May 8th. The technology company reported ($0.12) earnings per share (EPS) for the quarter. Eastman Kodak had a return on equity of 8.47% and a net margin of 7.70%.
Eastman Kodak Company Profile
(
Free Report)
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.
Recommended Stories

Before you consider Eastman Kodak, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Eastman Kodak wasn't on the list.
While Eastman Kodak currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Unlock your free copy of MarketBeat's comprehensive guide to pot stock investing and discover which cannabis companies are poised for growth. Plus, you'll get exclusive access to our daily newsletter with expert stock recommendations from Wall Street's top analysts.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.