Vanguard Group Inc. Buys 514,558 Shares of Eastman Kodak Company $KODK

Vanguard Group Inc. grew its stake in shares of Eastman Kodak Company (NYSE:KODK) by 9.9% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 5,712,683 shares of the technology company’s stock after acquiring an additional 514,558 shares during the period. Vanguard Group Inc. owned approximately 0.06% of Eastman Kodak worth $48,329,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of KODK. BNP Paribas Financial Markets boosted its holdings in shares of Eastman Kodak by 78.2% during the 2nd quarter. BNP Paribas Financial Markets now owns 6,207 shares of the technology company’s stock valued at $35,000 after acquiring an additional 2,723 shares in the last quarter. Headlands Technologies LLC acquired a new stake in shares of Eastman Kodak during the 2nd quarter valued at $45,000. Tower Research Capital LLC TRC boosted its holdings in shares of Eastman Kodak by 239.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 8,075 shares of the technology company’s stock valued at $46,000 after acquiring an additional 5,698 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of Eastman Kodak by 2,394.0% during the 4th quarter. Farther Finance Advisors LLC now owns 7,033 shares of the technology company’s stock valued at $59,000 after acquiring an additional 6,751 shares in the last quarter. Finally, Equitable Holdings Inc. acquired a new stake in shares of Eastman Kodak during the 3rd quarter valued at $79,000. Institutional investors and hedge funds own 33.65% of the company’s stock.

Analysts Set New Price Targets

KODK has been the subject of several recent research reports. Weiss Ratings raised Eastman Kodak from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday. Wall Street Zen downgraded Eastman Kodak from a “buy” rating to a “hold” rating in a research note on Saturday. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Eastman Kodak has a consensus rating of “Hold”.

Eastman Kodak Trading Up 2.2%

KODK opened at $9.69 on Friday. Eastman Kodak Company has a 1-year low of $4.94 and a 1-year high of $14.87. The company has a current ratio of 2.53, a quick ratio of 2.32 and a debt-to-equity ratio of 0.18. The company has a market cap of $945.26 million, a P/E ratio of -5.15 and a beta of 1.66. The company has a fifty day moving average price of $10.46 and a two-hundred day moving average price of $8.66.

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

Eastman Kodak 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.