Eastman Kodak Company $KODK Stock: Prescott Group Capital Management L.L.C. Lowers Position

Prescott Group Capital Management L.L.C. reduced its position in shares of Eastman Kodak Company (NYSE:KODK) by 78.7% during the third quarter, Holdings Channel reports. The firm owned 79,845 shares of the technology company’s stock after selling 294,500 shares during the period. Prescott Group Capital Management L.L.C.’s holdings in Eastman Kodak were worth $763,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the company. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Eastman Kodak in the 3rd quarter worth about $102,000. Counterpoint Mutual Funds LLC purchased a new stake in Eastman Kodak in the 3rd quarter valued at about $777,000. State of Alaska Department of Revenue purchased a new stake in Eastman Kodak in the 3rd quarter valued at about $52,000. State Street Corp lifted its position in shares of Eastman Kodak by 16.2% during the 2nd quarter. State Street Corp now owns 2,345,933 shares of the technology company’s stock worth $21,700,000 after buying an additional 326,398 shares in the last quarter. Finally, WINTON GROUP Ltd bought a new position in shares of Eastman Kodak during the 2nd quarter worth approximately $390,000. 33.65% of the stock is owned by institutional investors.

Eastman Kodak Stock Down 1.6%

KODK opened at $8.64 on Wednesday. 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 stock has a market cap of $846.43 million, a price-to-earnings ratio of -6.22, a PEG ratio of 0.61 and a beta of 1.64. Eastman Kodak Company has a twelve month low of $5.78 and a twelve month high of $14.87. The company’s 50-day moving average price is $9.32 and its two-hundred day moving average price is $9.23.

Eastman Kodak (NYSE:KODK) last issued its quarterly earnings results on Tuesday, November 3rd. The technology company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.02. The company had revenue of $276.00 million during the quarter, compared to analyst estimates of $294.00 million. Eastman Kodak had a negative net margin of 8.28% and a negative return on equity of 14.47%. As a group, equities analysts expect that Eastman Kodak Company will post 0.39 earnings per share for the current year.

Wall Street Analysts Forecast Growth

KODK has been the topic of a number of research analyst reports. Wall Street Zen upgraded Eastman Kodak from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Zacks Research raised Eastman Kodak to a “hold” rating in a research report on Thursday, September 17th. Finally, Weiss Ratings upgraded Eastman Kodak from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday, August 11th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Eastman Kodak currently has a consensus rating of “Reduce”.

Eastman Kodak Profile

Eastman Kodak Company is a technology and manufacturing company based in Rochester, New York. It provides commercial printing, packaging, publishing and graphic communications solutions, including digital printing equipment, workflow software, consumables and related services. Kodak also develops advanced materials and chemical products used in specialized industrial and commercial applications.

The company serves customers in the commercial print, packaging, publishing, entertainment and manufacturing industries.