Eastman Kodak (NYSE:KODK) Major Shareholder Sells $22,188,027.50 in Stock

Eastman Kodak (NYSE:KODK) major shareholder Blackstone Group Inc sold 8,875,211 shares of Eastman Kodak stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $2.50, for a total transaction of $22,188,027.50. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

NYSE KODK opened at $2.58 on Friday. Eastman Kodak has a 52-week low of $1.87 and a 52-week high of $3.87. The company has a fifty day moving average of $2.56 and a 200-day moving average of $2.47. The company has a quick ratio of 1.29, a current ratio of 1.94 and a debt-to-equity ratio of 0.82.

Separately, ValuEngine raised shares of Eastman Kodak from a “hold” rating to a “buy” rating in a report on Friday, November 8th.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. ARK Investment Management LLC raised its position in Eastman Kodak by 37.4% during the second quarter. ARK Investment Management LLC now owns 20,712 shares of the technology company’s stock valued at $50,000 after purchasing an additional 5,643 shares in the last quarter. Tower Research Capital LLC TRC boosted its holdings in shares of Eastman Kodak by 122.0% in the 3rd quarter. Tower Research Capital LLC TRC now owns 20,360 shares of the technology company’s stock worth $54,000 after purchasing an additional 11,188 shares in the last quarter. Mid Atlantic Financial Management Inc. ADV purchased a new position in shares of Eastman Kodak in the 2nd quarter worth about $59,000. Jane Street Group LLC purchased a new position in shares of Eastman Kodak in the 2nd quarter worth about $127,000. Finally, Paloma Partners Management Co bought a new position in shares of Eastman Kodak during the 2nd quarter valued at about $191,000. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Eastman Kodak Company Profile

Eastman Kodak Company provides hardware, software, consumables, and services to customers in the graphic arts, commercial print, publishing, electronic displays, entertainment and commercial films, and consumer products markets worldwide. The company operates in six segments: Print Systems, Enterprise Inkjet Systems, Software and Solutions, Consumer and Film, Advanced Materials and 3D Printing Technology, and Eastman Business Park.

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