Eastman Kodak (NYSE:KODK) Stock Price Up 4.7% – Here’s Why

Eastman Kodak (NYSE:KODK) shares were up 4.7% during mid-day trading on Friday . The stock traded as high as $7.48 and last traded at $7.37. Approximately 889,721 shares changed hands during mid-day trading, a decline of 26% from the average daily volume of 1,195,401 shares. The stock had previously closed at $7.04.

Eastman Kodak Trading Up 4.5 %

The firm has a fifty day moving average of $6.81 and a two-hundred day moving average of $5.66. The company has a current ratio of 2.41, a quick ratio of 1.51 and a debt-to-equity ratio of 0.47. The company has a market cap of $591.34 million, a PE ratio of 10.51 and a beta of 3.70.

Eastman Kodak (NYSE:KODK) last released its quarterly earnings data 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 company had revenue of $261.00 million for the quarter.

Insider Buying and Selling at Eastman Kodak

In other news, Director Michael Sileck bought 10,000 shares of the company’s stock in a transaction that occurred on Thursday, December 19th. The stock was bought at an average price of $7.02 per share, for a total transaction of $70,200.00. Following the transaction, the director now directly owns 107,940 shares of the company’s stock, valued at $757,738.80. This represents a 10.21 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Philippe D. Katz purchased 6,000 shares of the firm’s stock in a transaction on Wednesday, December 11th. The shares were acquired at an average cost of $6.50 per share, for a total transaction of $39,000.00. Following the completion of the purchase, the director now directly owns 170,026 shares of the company’s stock, valued at approximately $1,105,169. This represents a 3.66 % increase in their position. The disclosure for this purchase can be found here. Insiders own 23.86% of the company’s stock.

Institutional Investors Weigh In On Eastman Kodak

Large investors have recently added to or reduced their stakes in the company. Victory Capital Management Inc. purchased a new stake in shares of Eastman Kodak in the 3rd quarter worth about $635,000. JPMorgan Chase & Co. boosted its holdings in Eastman Kodak by 75.3% in the third quarter. JPMorgan Chase & Co. now owns 222,065 shares of the technology company’s stock worth $1,048,000 after acquiring an additional 95,402 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Eastman Kodak by 3.9% in the third quarter. Geode Capital Management LLC now owns 1,528,671 shares of the technology company’s stock worth $7,217,000 after acquiring an additional 57,487 shares during the last quarter. Barclays PLC increased its holdings in shares of Eastman Kodak by 277.6% during the third quarter. Barclays PLC now owns 79,094 shares of the technology company’s stock valued at $373,000 after acquiring an additional 58,150 shares in the last quarter. Finally, State Street Corp increased its holdings in shares of Eastman Kodak by 1.1% during the third quarter. State Street Corp now owns 1,956,101 shares of the technology company’s stock valued at $9,233,000 after acquiring an additional 20,731 shares in the last quarter. Institutional investors own 33.65% of the company’s stock.

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.