Wells Fargo & Company MN cut its holdings in Eastman Kodak (NYSE:KODK - Free Report) by 24.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 439,286 shares of the technology company's stock after selling 143,658 shares during the quarter. Wells Fargo & Company MN owned approximately 0.55% of Eastman Kodak worth $2,886,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of KODK. First Eagle Investment Management LLC acquired a new stake in Eastman Kodak during the fourth quarter worth approximately $2,138,000. JPMorgan Chase & Co. boosted its position in Eastman Kodak by 75.3% during the third quarter. JPMorgan Chase & Co. now owns 222,065 shares of the technology company's stock worth $1,048,000 after acquiring an additional 95,402 shares during the last quarter. Vanguard Group Inc. boosted its position in Eastman Kodak by 2.2% during the fourth quarter. Vanguard Group Inc. now owns 3,997,389 shares of the technology company's stock worth $26,263,000 after acquiring an additional 87,402 shares during the last quarter. Empowered Funds LLC boosted its holdings in shares of Eastman Kodak by 22.0% in the 4th quarter. Empowered Funds LLC now owns 417,758 shares of the technology company's stock valued at $2,745,000 after purchasing an additional 75,298 shares during the last quarter. Finally, Sanctuary Advisors LLC acquired a new position in shares of Eastman Kodak in the 4th quarter valued at $475,000. Institutional investors and hedge funds own 33.65% of the company's stock.
Eastman Kodak Trading Up 1.1 %
Shares of KODK traded up $0.07 during mid-day trading on Tuesday, reaching $6.23. The company had a trading volume of 530,987 shares, compared to its average volume of 951,855. The stock has a market cap of $503.17 million, a price-to-earnings ratio of 8.90 and a beta of 3.67. The firm has a fifty day simple moving average of $6.38 and a 200-day simple moving average of $6.37. Eastman Kodak has a fifty-two week low of $4.26 and a fifty-two week high of $8.24. The company has a current ratio of 2.41, a quick ratio of 1.51 and a debt-to-equity ratio of 0.47.
Eastman Kodak (NYSE:KODK - Get Free Report) last announced its quarterly earnings results on Monday, March 17th. The technology company reported $0.23 earnings per share for the quarter. The company had revenue of $266.00 million 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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