Royce & Associates LP Raises Stake in Eastman Kodak (NYSE:KODK)

Royce & Associates LP boosted its holdings in Eastman Kodak (NYSE:KODK) by 7.4% during the third quarter, Holdings Channel.com reports. The firm owned 940,334 shares of the technology company’s stock after acquiring an additional 64,680 shares during the quarter. Royce & Associates LP’s holdings in Eastman Kodak were worth $4,438,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Victory Capital Management Inc. purchased a new stake in shares of Eastman Kodak in the 3rd quarter worth approximately $635,000. Allspring Global Investments Holdings LLC purchased a new stake in shares of Eastman Kodak in the third quarter worth $25,000. Creative Planning raised its position in shares of Eastman Kodak by 25.8% in the 3rd quarter. Creative Planning now owns 32,140 shares of the technology company’s stock worth $152,000 after purchasing an additional 6,593 shares during the last quarter. SG Americas Securities LLC boosted its stake in Eastman Kodak by 102.5% in the 3rd quarter. SG Americas Securities LLC now owns 22,609 shares of the technology company’s stock worth $107,000 after purchasing an additional 11,443 shares in the last quarter. Finally, Aristides Capital LLC purchased a new stake in Eastman Kodak during the 2nd quarter valued at about $269,000. Institutional investors own 33.65% of the company’s stock.

Eastman Kodak Stock Performance

KODK stock opened at $4.58 on Tuesday. The stock’s 50 day simple moving average is $4.86 and its 200 day simple moving average is $5.14. The company has a current ratio of 2.41, a quick ratio of 1.54 and a debt-to-equity ratio of 0.47. Eastman Kodak has a 12-month low of $3.33 and a 12-month high of $6.18. The stock has a market capitalization of $367.83 million, a PE ratio of 6.43 and a beta of 3.64.

Eastman Kodak (NYSE:KODK) last announced its quarterly earnings results on Tuesday, November 12th. The technology company reported $0.15 earnings per share (EPS) for the quarter. Eastman Kodak had a return on equity of 8.47% and a net margin of 7.70%. The firm had revenue of $261.00 million for the quarter.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Eastman Kodak from a “sell” rating to a “hold” rating in a report on Tuesday, August 13th.

About Eastman Kodak

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.