Vanguard Group Inc. Has $25.93 Million Stock Position in Eastman Kodak Company $KODK

Key Points

• Vanguard Group Inc. increased its stake in Eastman Kodak by 2.6%, owning over 4 million shares valued at approximately $25.9 million as of its latest SEC filing.
• Other hedge funds, including GAMMA Investing LLC and New York State Common Retirement Fund, also raised their positions significantly in Eastman Kodak during the first quarter.
• Eastman Kodak's stock saw a slight decline of 1.3%, opening at $5.79, while the company recently reported a loss of ($0.30) earnings per share for the last quarter.

Vanguard Group Inc. increased its stake in shares of Eastman Kodak Company (NYSE:KODK - Free Report) by 2.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,102,092 shares of the technology company's stock after buying an additional 104,703 shares during the quarter. Vanguard Group Inc. owned about 5.08% of Eastman Kodak worth $25,925,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its stake in shares of Eastman Kodak by 5.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,465,814 shares of the technology company's stock worth $16,202,000 after purchasing an additional 123,669 shares in the last quarter. Bridgeway Capital Management LLC lifted its holdings in shares of Eastman Kodak by 11.8% during the fourth quarter. Bridgeway Capital Management LLC now owns 715,758 shares of the technology company's stock valued at $4,703,000 after purchasing an additional 75,298 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of Eastman Kodak by 27.2% during the fourth 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. Susquehanna Fundamental Investments LLC acquired a new position in Eastman Kodak during the fourth quarter valued at $1,316,000. Finally, Bank of New York Mellon Corp raised its position in Eastman Kodak by 1.8% during the first 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 during the period. 33.65% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CEO James V. Continenza bought 50,000 shares of the company's stock in a transaction dated Thursday, August 14th. The stock was acquired at an average cost of $5.74 per share, with a total value of $287,000.00. Following the acquisition, the chief executive officer owned 1,902,011 shares in the company, valued at approximately $10,917,543.14. This represents a 2.70% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Philippe D. Katz bought 10,000 shares of the company's stock in a transaction dated Thursday, August 14th. The stock was bought at an average cost of $5.67 per share, with a total value of $56,700.00. Following the completion of the acquisition, the director owned 180,026 shares in the company, valued at $1,020,747.42. This represents a 5.88% increase in their position. The disclosure for this purchase can be found here. 23.86% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

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

Eastman Kodak Stock Up 2.2%

KODK stock traded up $0.13 during mid-day trading on Monday, hitting $5.92. The stock had a trading volume of 1,116,299 shares, compared to its average volume of 2,054,032. The company has a current ratio of 0.79, a quick ratio of 0.46 and a debt-to-equity ratio of 0.02. The stock has a market capitalization of $479.12 million, a price-to-earnings ratio of -59.15 and a beta of 1.26. The company has a fifty day moving average of $6.33 and a 200 day moving average of $6.31. Eastman Kodak Company has a 1-year low of $4.26 and a 1-year high of $8.24.

Eastman Kodak (NYSE:KODK - Get Free Report) last issued its quarterly earnings data on Monday, August 11th. The technology company reported ($0.30) EPS for the quarter. The company had revenue of $263.00 million for 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.