250,000 Shares in Eastman Kodak Company $KODK Bought by Tenzing Global Management LLC

Key Points

• Tenzing Global Management LLC acquired a new position in Eastman Kodak Company, purchasing 250,000 shares valued at approximately $1.58 million, making it the firm's 18th largest holding.
• Several institutional investors have increased their stakes in Eastman Kodak, with Northern Trust Corp raising its position by 27.2% during the last quarter.
• Wall Street Zen downgraded Eastman Kodak's stock rating from a "hold" to a "sell" on May 12th, reflecting a negative outlook on the stock's performance.

Tenzing Global Management LLC purchased a new stake in shares of Eastman Kodak Company (NYSE:KODK - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 250,000 shares of the technology company's stock, valued at approximately $1,580,000. Eastman Kodak accounts for 1.1% of Tenzing Global Management LLC's portfolio, making the stock its 18th biggest holding. Tenzing Global Management LLC owned 0.31% of Eastman Kodak as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in KODK. Northern Trust Corp raised its stake in Eastman Kodak by 27.2% during the 4th quarter. Northern Trust Corp now owns 686,532 shares of the technology company's stock valued at $4,511,000 after purchasing an additional 146,674 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in Eastman Kodak by 5.4% in the fourth 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. Segall Bryant & Hamill LLC acquired a new stake in Eastman Kodak in the first quarter worth about $967,000. Tabor Asset Management LP acquired a new stake in Eastman Kodak in the first quarter worth about $462,000. Finally, Vanguard Group Inc. grew its position in shares of Eastman Kodak by 2.6% during the 1st quarter. Vanguard Group Inc. now owns 4,102,092 shares of the technology company's stock worth $25,925,000 after buying an additional 104,703 shares during the period. 33.65% of the stock is owned by hedge funds and other institutional investors.

Eastman Kodak Stock Up 0.2%

Eastman Kodak stock traded up $0.02 during midday trading on Friday, reaching $6.02. The stock had a trading volume of 835,584 shares, compared to its average volume of 1,319,388. Eastman Kodak Company has a 1-year low of $4.26 and a 1-year high of $8.24. The stock has a market capitalization of $487.22 million, a P/E ratio of -60.35 and a beta of 1.26. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.46 and a current ratio of 0.79. The firm's fifty day simple moving average is $6.33 and its 200-day simple moving average is $6.23.

Eastman Kodak (NYSE:KODK - Get Free Report) last announced its quarterly earnings results on Monday, August 11th. The technology company reported ($0.30) EPS for the quarter. Eastman Kodak had a net margin of 1.06% and a return on equity of 2.32%. The firm had revenue of $263.00 million during the quarter.

Insider Buying and Selling at Eastman Kodak

In other Eastman Kodak news, CEO James V. Continenza purchased 50,000 shares of the business's stock in a transaction on Thursday, August 14th. The stock was acquired at an average price of $5.74 per share, with a total value of $287,000.00. Following the acquisition, the chief executive officer directly owned 1,902,011 shares of the company's stock, valued at $10,917,543.14. This trade represents a 2.70% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Philippe D. Katz purchased 10,000 shares of the business's stock in a transaction on Thursday, August 14th. The shares were acquired at an average cost of $5.67 per share, with a total value of $56,700.00. Following the acquisition, the director directly owned 180,026 shares in the company, valued at approximately $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. Company insiders own 23.87% of the company's stock.

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.