UBS Group AG Trims Holdings in Eastman Kodak Company $KODK

UBS Group AG cut its stake in Eastman Kodak Company (NYSE:KODK) by 18.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 385,835 shares of the technology company’s stock after selling 85,938 shares during the quarter. UBS Group AG’s holdings in Eastman Kodak were worth $3,264,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in KODK. BNP Paribas Financial Markets grew its position in shares of Eastman Kodak by 78.2% in the second quarter. BNP Paribas Financial Markets now owns 6,207 shares of the technology company’s stock valued at $35,000 after purchasing an additional 2,723 shares in the last quarter. Headlands Technologies LLC purchased a new position in shares of Eastman Kodak in the second quarter valued at $45,000. Tower Research Capital LLC TRC grew its position in shares of Eastman Kodak by 239.7% in the second quarter. Tower Research Capital LLC TRC now owns 8,075 shares of the technology company’s stock valued at $46,000 after purchasing an additional 5,698 shares in the last quarter. Farther Finance Advisors LLC grew its position in shares of Eastman Kodak by 2,394.0% in the fourth quarter. Farther Finance Advisors LLC now owns 7,033 shares of the technology company’s stock valued at $59,000 after purchasing an additional 6,751 shares in the last quarter. Finally, Equitable Holdings Inc. purchased a new position in shares of Eastman Kodak in the third quarter valued at $79,000. 33.65% of the stock is currently owned by hedge funds and other institutional investors.

Eastman Kodak Price Performance

Eastman Kodak stock opened at $9.81 on Monday. Eastman Kodak Company has a 52 week low of $4.94 and a 52 week high of $14.87. The business has a 50-day simple moving average of $10.73 and a 200 day simple moving average of $8.79. The company has a quick ratio of 1.71, a current ratio of 2.53 and a debt-to-equity ratio of 0.18. The stock has a market cap of $957.85 million, a price-to-earnings ratio of -5.22 and a beta of 1.66.

Eastman Kodak (NYSE:KODK) last posted its earnings results on Thursday, May 7th. The technology company reported ($0.21) EPS for the quarter. Eastman Kodak had a negative return on equity of 21.13% and a negative net margin of 12.60%.The business had revenue of $265.00 million for the quarter.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Wall Street Zen cut Eastman Kodak from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Weiss Ratings upgraded Eastman Kodak from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, May 13th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has an average rating of “Hold”.

Eastman Kodak Company Profile

Eastman Kodak Company (NYSE: KODK) is a global technology firm specializing in imaging, printing and advanced materials. The company offers a wide array of products and services that enable customers to create, manage and share visual content across traditional and digital platforms. Its core offerings include graphic communications solutions, enterprise inkjet systems, packaging technologies, functional printing and micro 3D printing systems.

Kodak’s graphic communications segment serves commercial printers, packaging converters and publishing houses with offset plates, digital presses, workflow software and services designed to streamline production.