Eastman Kodak (NYSE:KODK) Raised to “Hold” at Zacks Research

Eastman Kodak (NYSE:KODK) was upgraded by Zacks Research to a “hold” rating in a research report issued to clients and investors on Thursday, Zacks reports.

A number of other analysts have also commented on the company. Weiss Ratings raised Eastman Kodak from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday, August 11th. Wall Street Zen raised Eastman Kodak from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Eastman Kodak has a consensus rating of “Reduce”.

Eastman Kodak Price Performance

Shares of KODK opened at $9.60 on Thursday. The company has a market capitalization of $939.54 million, a P/E ratio of -6.90 and a beta of 1.58. The company has a quick ratio of 1.95, a current ratio of 2.91 and a debt-to-equity ratio of 0.17. The firm has a 50 day moving average of $9.05 and a 200 day moving average of $9.58. Eastman Kodak has a twelve month low of $5.78 and a twelve month high of $14.87.

Eastman Kodak (NYSE:KODK) last announced its quarterly earnings data on Tuesday, August 4th. The technology company reported $0.13 earnings per share for the quarter. The company had revenue of $311.00 million during the quarter. Eastman Kodak had a negative net margin of 8.28% and a negative return on equity of 14.47%. As a group, equities research analysts anticipate that Eastman Kodak will post 0.39 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Eastman Kodak

A number of institutional investors have recently bought and sold shares of KODK. Dimensional Fund Advisors LP grew its holdings in Eastman Kodak by 5.5% during the first quarter. Dimensional Fund Advisors LP now owns 2,177,801 shares of the technology company’s stock valued at $19,707,000 after purchasing an additional 113,398 shares during the period. Bank of America Corp DE raised its stake in shares of Eastman Kodak by 438.9% in the first quarter. Bank of America Corp DE now owns 331,883 shares of the technology company’s stock worth $3,004,000 after buying an additional 270,297 shares during the period. Bank of New York Mellon Corp purchased a new position in shares of Eastman Kodak during the 2nd quarter valued at about $1,941,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Eastman Kodak by 1,513.6% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 67,869 shares of the technology company’s stock valued at $628,000 after acquiring an additional 63,663 shares during the period. Finally, Weiss Asset Management LP bought a new position in shares of Eastman Kodak during the 1st quarter valued at approximately $790,000. 33.65% of the stock is owned by institutional investors.

About Eastman Kodak

Eastman Kodak Company is a technology and imaging company that develops products and services for commercial printing, publishing, packaging, and professional photography. Its offerings include workflow software, digital printing systems, offset printing plates, inks, and related consumables. Kodak also supplies film and photographic chemicals for commercial, motion-picture, and specialty imaging applications.

The company serves customers worldwide, including commercial printers, publishers, packaging producers, manufacturers, professional photographers, and the film and entertainment industries.