Eastman Kodak Company $KODK Shares Acquired by Russell Investments Group Ltd.

Key Points

• Russell Investments Group Ltd. increased its holdings in Eastman Kodak by 34,542.8%, owning 272,639 shares valued at approximately $1.72 million as of its latest SEC filing.
• Eastman Kodak reported a net margin of 1.06% and a revenue of $263 million in its recent quarterly earnings results, with earnings per share at ($0.30).
• CEO James V. Continenza purchased 50,000 shares of Eastman Kodak stock, increasing his ownership by 2.70%, while insider ownership stands at 23.86% of the company.

Russell Investments Group Ltd. boosted its position in Eastman Kodak Company (NYSE:KODK - Free Report) by 34,542.8% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 272,639 shares of the technology company's stock after purchasing an additional 271,852 shares during the quarter. Russell Investments Group Ltd. owned about 0.34% of Eastman Kodak worth $1,723,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in KODK. GAMMA Investing LLC raised its stake in Eastman Kodak by 1,163.0% in the 1st quarter. GAMMA Investing LLC now owns 7,363 shares of the technology company's stock valued at $47,000 after purchasing an additional 6,780 shares during the last quarter. New York State Common Retirement Fund increased its stake in shares of 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 worth $55,000 after acquiring an additional 3,400 shares during the last quarter. Costello Asset Management INC acquired a new stake in shares of Eastman Kodak in the 1st quarter worth $63,000. Novem Group acquired a new stake in shares of Eastman Kodak in the 4th quarter worth $85,000. Finally, Tower Research Capital LLC TRC increased its stake in shares of Eastman Kodak by 157.1% in 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 during the last quarter. 33.65% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Insider Activity at Eastman Kodak

In other Eastman Kodak news, CEO James V. Continenza bought 50,000 shares of the firm's stock in a transaction that occurred on Thursday, August 14th. The stock was purchased at an average price of $5.74 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 in the company, valued at $10,917,543.14. This trade represents a 2.70% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Philippe D. Katz bought 10,000 shares of the firm's stock in a transaction that occurred on Thursday, August 14th. The shares were acquired at an average price of $5.67 per share, with a total value of $56,700.00. Following the purchase, the director 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. 23.87% of the stock is owned by insiders.

Eastman Kodak Trading Up 2.2%

NYSE KODK traded up $0.13 during trading on Friday, hitting $5.92. The stock had a trading volume of 1,116,299 shares, compared to its average volume of 2,049,923. The company has a market capitalization of $479.12 million, a PE ratio of -59.15 and a beta of 0.90. The company has a quick ratio of 0.46, a current ratio of 0.79 and a debt-to-equity ratio of 0.02. The firm has a 50 day moving average price of $6.33 and a 200 day moving average price of $6.32. Eastman Kodak Company has a twelve month low of $4.26 and a twelve month high of $8.24.

Eastman Kodak (NYSE:KODK - Get Free Report) last released its earnings results on Monday, August 11th. The technology company reported ($0.30) earnings per share for the quarter. The firm 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%.

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.