Weiss Ratings Reaffirms "Sell (D+)" Rating for Eastman Kodak (NYSE:KODK)

Key Points

• Weiss Ratings has reaffirmed a "Sell (D+)" rating for Eastman Kodak (NYSE:KODK), indicating ongoing concerns about the company's stock performance.
• Eastman Kodak's shares recently traded at approximately $6.71, with a significant price-to-earnings ratio of -67.05 and a market capitalization of $543.11 million.
• Insider transactions showed CEO James V. Continenza buying 50,000 shares at around $5.74 per share, indicating confidence in the company despite its current rating.

Eastman Kodak (NYSE:KODK - Get Free Report)'s stock had its "sell (d+)" rating reaffirmed by Weiss Ratings in a research report issued on Friday,Weiss Ratings reports.

Eastman Kodak Trading Up 3.2%

Shares of KODK opened at $6.71 on Friday. The firm's 50-day moving average price is $6.24 and its 200-day moving average price is $6.22. The firm has a market capitalization of $543.11 million, a price-to-earnings ratio of -67.05 and a beta of 1.49. The company has a current ratio of 0.79, a quick ratio of 0.46 and a debt-to-equity ratio of 0.02. Eastman Kodak has a 1-year low of $4.26 and a 1-year high of $8.24.

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

Insider Transactions at Eastman Kodak

In related news, CEO James V. Continenza bought 50,000 shares of the business's stock in a transaction dated Thursday, August 14th. The shares were purchased at an average price of $5.74 per share, with a total value of $287,000.00. Following the purchase, the chief executive officer owned 1,902,011 shares of the company's stock, valued at approximately $10,917,543.14. This trade represents a 2.70% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Philippe D. Katz bought 10,000 shares of the business's stock in a transaction dated Thursday, August 14th. The shares were bought at an average cost of $5.67 per share, for a total transaction of $56,700.00. Following the purchase, the director directly owned 180,026 shares in the company, valued at approximately $1,020,747.42. This represents a 5.88% increase in their position. The disclosure for this purchase can be found here. Insiders own 23.87% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Vanguard Group Inc. lifted its position in Eastman Kodak by 2.6% during the 1st quarter. Vanguard Group Inc. now owns 4,102,092 shares of the technology company's stock valued at $25,925,000 after acquiring an additional 104,703 shares during the period. Tabor Asset Management LP purchased a new position in Eastman Kodak during the 1st quarter valued at about $462,000. Segall Bryant & Hamill LLC purchased a new position in Eastman Kodak during the 1st quarter valued at about $967,000. Nuveen LLC purchased a new position in Eastman Kodak during the 1st quarter valued at about $913,000. Finally, GMT Capital Corp lifted its position in Eastman Kodak by 17.6% during the 1st quarter. GMT Capital Corp now owns 981,400 shares of the technology company's stock valued at $6,202,000 after acquiring an additional 147,205 shares during the period. 33.65% of the stock is owned by hedge funds and other institutional investors.

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.

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