Eastman Kodak (NYSE:KODK – Get Free Report) Director Philippe D. Katz purchased 6,000 shares of the company’s stock in a transaction dated Thursday, November 16th. The shares were acquired at an average price of $3.70 per share, for a total transaction of $22,200.00. Following the purchase, the director now directly owns 161,496 shares of the company’s stock, valued at approximately $597,535.20. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Eastman Kodak Stock Performance
Shares of Eastman Kodak stock opened at $3.74 on Tuesday. The business’s 50 day moving average price is $3.95 and its 200 day moving average price is $4.54. The company has a market cap of $297.53 million, a price-to-earnings ratio of 5.58 and a beta of 3.68. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.75 and a current ratio of 2.63. Eastman Kodak has a one year low of $2.78 and a one year high of $6.34.
Wall Street Analysts Forecast Growth
Several research firms have recently weighed in on KODK. StockNews.com initiated coverage on shares of Eastman Kodak in a report on Thursday, October 5th. They set a “hold” rating for the company. TheStreet cut shares of Eastman Kodak from a “c-” rating to a “d+” rating in a research report on Wednesday, November 1st.
Institutional Investors Weigh In On Eastman Kodak
A number of hedge funds have recently modified their holdings of KODK. Tower Research Capital LLC TRC grew its holdings in shares of Eastman Kodak by 76.3% in the second quarter. Tower Research Capital LLC TRC now owns 6,865 shares of the technology company’s stock valued at $32,000 after purchasing an additional 2,971 shares in the last quarter. Lazard Asset Management LLC purchased a new position in shares of Eastman Kodak in the 3rd quarter valued at approximately $33,000. PNC Financial Services Group Inc. raised its stake in shares of Eastman Kodak by 471.4% during the first quarter. PNC Financial Services Group Inc. now owns 8,000 shares of the technology company’s stock worth $52,000 after purchasing an additional 6,600 shares during the last quarter. Brave Asset Management Inc. acquired a new stake in shares of Eastman Kodak during the third quarter worth $42,000. Finally, Commonwealth Equity Services LLC purchased a new position in Eastman Kodak in the 3rd quarter valued at $42,000. Hedge funds and other institutional investors own 31.00% of the company’s stock.
Eastman Kodak Company Profile
Eastman Kodak Company provides hardware, software, consumables, and services to customers in the commercial print, packaging, publishing, manufacturing, and entertainment markets worldwide. The company operates through four segments: Traditional Printing, Digital Printing, Advanced Materials and Chemicals, and Brand.
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