Eastman Kodak (NYSE:KODK) Trading Up 6.8% – Here’s What Happened

Eastman Kodak (NYSE:KODK) traded up 6.8% on Thursday . The company traded as high as $7.25 and last traded at $7.20. 383,312 shares traded hands during trading, a decline of 60% from the average session volume of 947,084 shares. The stock had previously closed at $6.74.

Eastman Kodak Stock Performance

The business has a 50-day moving average of $5.64 and a two-hundred day moving average of $5.40. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.41 and a quick ratio of 1.51. The company has a market cap of $556.37 million, a P/E ratio of 9.89 and a beta of 3.73.

Eastman Kodak (NYSE:KODK) last released its quarterly earnings results on Tuesday, November 12th. The technology company reported $0.15 earnings per share for the quarter. Eastman Kodak had a net margin of 7.70% and a return on equity of 8.47%. The business had revenue of $261.00 million for the quarter.

Insider Activity at Eastman Kodak

In related news, Director Philippe D. Katz acquired 6,000 shares of the stock in a transaction dated Wednesday, December 11th. The stock was 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 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 purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 23.86% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Eastman Kodak

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets increased its stake in shares of Eastman Kodak by 21.3% in the third quarter. BNP Paribas Financial Markets now owns 12,607 shares of the technology company’s stock worth $60,000 after acquiring an additional 2,210 shares during the period. Allspring Global Investments Holdings LLC purchased a new position in shares of Eastman Kodak during the 3rd quarter valued at about $25,000. Rhumbline Advisers lifted its holdings in shares of Eastman Kodak by 6.4% in the 2nd quarter. Rhumbline Advisers now owns 99,260 shares of the technology company’s stock valued at $534,000 after buying an additional 5,988 shares during the period. Creative Planning boosted its stake in shares of Eastman Kodak by 25.8% in the third quarter. Creative Planning now owns 32,140 shares of the technology company’s stock worth $152,000 after buying an additional 6,593 shares during the last quarter. Finally, Tennessee Valley Asset Management Partners boosted its stake in shares of Eastman Kodak by 43.8% in the second quarter. Tennessee Valley Asset Management Partners now owns 23,000 shares of the technology company’s stock worth $124,000 after buying an additional 7,000 shares during the last quarter. Hedge funds and other 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.