250,000 Shares in Eastman Kodak Company $KODK Purchased by Tenzing Global Management LLC

Tenzing Global Management LLC purchased a new position in Eastman Kodak Company (NYSE:KODK) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 250,000 shares of the technology company’s stock, valued at approximately $1,580,000. Eastman Kodak makes up about 1.1% of Tenzing Global Management LLC’s investment portfolio, making the stock its 18th biggest holding.

A number of other institutional investors have also recently bought and sold shares of KODK. Vanguard Group Inc. lifted its holdings in shares of Eastman Kodak by 2.6% during the 1st quarter. Vanguard Group Inc. now owns 4,102,092 shares of the technology company’s stock valued at $25,925,000 after buying an additional 104,703 shares during the last quarter. GMT Capital Corp lifted its position in shares of Eastman Kodak by 17.6% during the 1st quarter. GMT Capital Corp now owns 981,400 shares of the technology company’s stock worth $6,202,000 after purchasing an additional 147,205 shares during the last quarter. American Century Companies Inc. boosted its position in shares of Eastman Kodak by 1.1% in the first quarter. American Century Companies Inc. now owns 747,342 shares of the technology company’s stock valued at $4,723,000 after acquiring an additional 7,779 shares during the period. Bridgeway Capital Management LLC boosted its holdings in Eastman Kodak by 2.5% in the 1st quarter. Bridgeway Capital Management LLC now owns 733,379 shares of the technology company’s stock valued at $4,635,000 after purchasing an additional 17,621 shares during the period. Finally, Northern Trust Corp lifted its stake in shares of Eastman Kodak by 27.2% in the fourth quarter. Northern Trust Corp now owns 686,532 shares of the technology company’s stock valued at $4,511,000 after buying an additional 146,674 shares during the period. Institutional investors and hedge funds own 33.65% of the company’s stock.

Eastman Kodak Stock Up 2.0%

Shares of NYSE:KODK opened at $5.91 on Friday. The company has a 50 day moving average of $6.34 and a 200-day moving average of $6.26. The stock has a market cap of $478.31 million, a price-to-earnings ratio of -59.05 and a beta of 1.26. Eastman Kodak Company has a one year low of $4.26 and a one year high of $8.24. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.79 and a quick ratio of 0.46.

Eastman Kodak (NYSE:KODK) last released its quarterly earnings data on Monday, August 11th. The technology company reported ($0.30) EPS for the quarter. The company had revenue of $263.00 million during the quarter. Eastman Kodak had a net margin of 1.06% and a return on equity of 2.32%.

Analysts Set New Price Targets

Separately, Wall Street Zen downgraded shares of Eastman Kodak from a “hold” rating to a “sell” rating in a research note on Monday, May 12th.

Insider Buying and Selling at Eastman Kodak

In related news, Director Philippe D. Katz purchased 10,000 shares of the business’s stock in a transaction on Thursday, August 14th. The shares were purchased at an average price of $5.67 per share, with a total value of $56,700.00. Following the completion of the purchase, the director owned 180,026 shares in the company, valued at $1,020,747.42. This represents a 5.88% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO James V. Continenza acquired 50,000 shares of the business’s stock in a transaction that occurred on Thursday, August 14th. The stock was bought at an average cost of $5.74 per share, for a total transaction of $287,000.00. Following the completion of the transaction, the chief executive officer directly owned 1,902,011 shares in the company, valued at $10,917,543.14. This represents a 2.70% increase in their position. The disclosure for this purchase can be found here. Company insiders own 23.87% of the company’s stock.

Eastman Kodak Profile

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.