270,000 Shares in Eastman Kodak Company $KODK Acquired by Prescott Group Capital Management L.L.C.

Prescott Group Capital Management L.L.C. acquired a new stake in shares of Eastman Kodak Company (NYSE:KODK) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 270,000 shares of the technology company’s stock, valued at approximately $1,526,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Eastman Kodak by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,992 shares of the technology company’s stock valued at $227,000 after buying an additional 1,566 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Eastman Kodak by 1.8% in the 1st quarter. Bank of New York Mellon Corp now owns 171,505 shares of the technology company’s stock valued at $1,084,000 after acquiring an additional 3,071 shares in the last quarter. New York State Common Retirement Fund boosted its stake in Eastman Kodak by 64.4% in the 1st quarter. New York State Common Retirement Fund now owns 8,681 shares of the technology company’s stock worth $55,000 after purchasing an additional 3,400 shares during the period. AlphaQuest LLC purchased a new position in Eastman Kodak during the 1st quarter worth approximately $27,000. Finally, Charles Schwab Investment Management Inc. raised its stake in Eastman Kodak by 3.1% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 178,022 shares of the technology company’s stock valued at $1,125,000 after purchasing an additional 5,297 shares during the period. Institutional investors and hedge funds own 33.65% of the company’s stock.

Eastman Kodak Stock Up 32.4%

KODK stock opened at $7.75 on Friday. The company has a 50 day moving average of $6.33 and a two-hundred day moving average of $6.25. The company has a market cap of $627.35 million, a price-to-earnings ratio of -77.45 and a beta of 1.43. Eastman Kodak Company has a 12-month low of $4.26 and a 12-month high of $8.24. The company has a quick ratio of 0.46, a current ratio of 0.79 and a debt-to-equity ratio of 0.02.

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

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Eastman Kodak in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Insider Activity

In other news, Director Philippe D. Katz bought 10,000 shares of the company’s stock in a transaction on Thursday, August 14th. The shares were bought at an average cost of $5.67 per share, with a total value of $56,700.00. Following the transaction, the director directly owned 180,026 shares in the company, valued at approximately $1,020,747.42. This trade represents a 5.88% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO James V. Continenza purchased 50,000 shares of Eastman Kodak stock in a transaction dated Thursday, August 14th. The shares were purchased at an average price of $5.74 per share, with a total value of $287,000.00. Following the completion of the acquisition, the chief executive officer owned 1,902,011 shares in the company, valued at $10,917,543.14. The trade was a 2.70% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Corporate 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.