Tabor Asset Management LP Makes New Investment in Eastman Kodak Company (NYSE:KODK)

Tabor Asset Management LP bought a new position in Eastman Kodak Company (NYSE:KODK - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 73,084 shares of the technology company's stock, valued at approximately $462,000. Tabor Asset Management LP owned approximately 0.09% of Eastman Kodak at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of KODK. Two Sigma Investments LP raised its position in shares of Eastman Kodak by 2.1% during the 4th quarter. Two Sigma Investments LP now owns 74,210 shares of the technology company's stock valued at $488,000 after buying an additional 1,509 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Eastman Kodak by 1.8% during the 1st quarter. Bank of New York Mellon Corp now owns 171,505 shares of the technology company's stock valued at $1,084,000 after buying an additional 3,071 shares in the last quarter. New York State Common Retirement Fund raised its position in 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 purchasing an additional 3,400 shares during the period. Price T Rowe Associates Inc. MD raised its position in Eastman Kodak by 5.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 67,170 shares of the technology company's stock worth $442,000 after purchasing an additional 3,449 shares during the period. Finally, LPL Financial LLC raised its position in Eastman Kodak by 27.6% in the 4th 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 currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Eastman Kodak Trading Down 0.5%

NYSE:KODK traded down $0.04 during trading hours on Friday, reaching $6.79. The company's stock had a trading volume of 274,210 shares, compared to its average volume of 1,262,009. The firm has a market capitalization of $548.00 million, a price-to-earnings ratio of 13.83 and a beta of 3.73. The firm has a 50-day simple moving average of $6.13 and a 200-day simple moving average of $6.47. Eastman Kodak Company has a 1 year low of $4.26 and a 1 year high of $8.24. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.31 and a current ratio of 2.21.

Eastman Kodak (NYSE:KODK - Get Free Report) last issued its earnings results on Thursday, May 8th. The technology company reported ($0.12) EPS for the quarter. Eastman Kodak had a return on equity of 8.01% and a net margin of 6.05%.

Eastman Kodak Company 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.