Eastman Kodak (NYSE:KODK) Director Philippe Katz Acquires 2,000 Shares

Eastman Kodak Company (NYSE:KODK) Director Philippe Katz acquired 2,000 shares of the company’s stock in a transaction on Wednesday, May 13th. The shares were acquired at an average cost of $10.30 per share, for a total transaction of $20,600.00. Following the completion of the acquisition, the director owned 187,026 shares of the company’s stock, valued at approximately $1,926,367.80. The trade was a 1.08% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Eastman Kodak Price Performance

NYSE KODK opened at $9.50 on Friday. The company has a market cap of $927.00 million, a PE ratio of -5.05 and a beta of 1.66. Eastman Kodak Company has a 52 week low of $4.94 and a 52 week high of $14.87. The company has a quick ratio of 2.32, a current ratio of 2.53 and a debt-to-equity ratio of 0.18. The firm’s 50-day simple moving average is $10.40 and its two-hundred day simple moving average is $8.66.

Eastman Kodak (NYSE:KODK) last released its quarterly earnings data on Thursday, May 7th. The technology company reported ($0.21) EPS for the quarter. The business had revenue of $265.00 million for the quarter. Eastman Kodak had a negative net margin of 12.60% and a negative return on equity of 21.13%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on KODK. Weiss Ratings raised shares of Eastman Kodak from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday. Wall Street Zen raised shares of Eastman Kodak from a “hold” rating to a “buy” rating in a report on Saturday, April 25th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Institutional Investors Weigh In On Eastman Kodak

Institutional investors and hedge funds have recently bought and sold shares of the stock. BNP Paribas Financial Markets raised its stake in Eastman Kodak by 78.2% in the second quarter. BNP Paribas Financial Markets now owns 6,207 shares of the technology company’s stock valued at $35,000 after purchasing an additional 2,723 shares in the last quarter. Headlands Technologies LLC purchased a new stake in Eastman Kodak in the second quarter valued at approximately $45,000. Tower Research Capital LLC TRC raised its stake in Eastman Kodak by 239.7% in the second quarter. Tower Research Capital LLC TRC now owns 8,075 shares of the technology company’s stock valued at $46,000 after purchasing an additional 5,698 shares in the last quarter. Farther Finance Advisors LLC raised its stake in Eastman Kodak by 2,394.0% in the fourth quarter. Farther Finance Advisors LLC now owns 7,033 shares of the technology company’s stock valued at $59,000 after purchasing an additional 6,751 shares in the last quarter. Finally, Kemnay Advisory Services Inc. purchased a new stake in Eastman Kodak in the fourth quarter valued at approximately $71,000. 33.65% of the stock is owned by hedge funds and other institutional investors.

Eastman Kodak Company Profile

Eastman Kodak Company (NYSE: KODK) is a global technology firm specializing in imaging, printing and advanced materials. The company offers a wide array of products and services that enable customers to create, manage and share visual content across traditional and digital platforms. Its core offerings include graphic communications solutions, enterprise inkjet systems, packaging technologies, functional printing and micro 3D printing systems.

Kodak’s graphic communications segment serves commercial printers, packaging converters and publishing houses with offset plates, digital presses, workflow software and services designed to streamline production.