Squarepoint Ops LLC bought a new stake in shares of Eastman Kodak (NYSE:KODK - Free Report) during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 70,783 shares of the technology company's stock, valued at approximately $465,000. Squarepoint Ops LLC owned about 0.09% of Eastman Kodak as of its most recent filing with the SEC.
Several other hedge funds also recently bought and sold shares of the stock. Commonwealth Equity Services LLC acquired a new stake in shares of Eastman Kodak during the fourth quarter valued at $67,000. Trexquant Investment LP acquired a new position in Eastman Kodak in the 4th quarter valued at $74,000. AXQ Capital LP acquired a new position in shares of Eastman Kodak during the 4th quarter valued at about $92,000. Tower Research Capital LLC TRC boosted its holdings 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 valued at $98,000 after purchasing an additional 9,121 shares during the last quarter. Finally, ProShare Advisors LLC grew its position in Eastman Kodak by 49.0% during the fourth quarter. ProShare Advisors LLC now owns 17,035 shares of the technology company's stock valued at $112,000 after acquiring an additional 5,605 shares during the period. Hedge funds and other institutional investors own 33.65% of the company's stock.
Analysts Set New Price Targets
Separately, Wall Street Zen lowered shares of Eastman Kodak from a "hold" rating to a "sell" rating in a report on Monday, May 12th.
Get Our Latest Research Report on KODK
Eastman Kodak Stock Up 4.5%
Shares of KODK traded up $0.25 during midday trading on Friday, reaching $5.81. 717,727 shares of the company were exchanged, compared to its average volume of 1,043,980. Eastman Kodak has a 1-year low of $4.26 and a 1-year high of $8.24. The stock has a 50-day moving average price of $6.07 and a 200-day moving average price of $6.62. The company has a current ratio of 2.41, a quick ratio of 1.51 and a debt-to-equity ratio of 0.47. The company has a market cap of $469.25 million, a price-to-earnings ratio of 8.30 and a beta of 3.80.
Eastman Kodak (NYSE:KODK - Get Free Report) last announced its earnings results on Thursday, May 8th. The technology company reported ($0.12) EPS for the quarter. Eastman Kodak had a net margin of 7.70% and a return on equity of 8.47%.
About Eastman Kodak
(
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.
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