Vanguard Group Inc. Has $48.33 Million Stock Position in Eastman Kodak Company $KODK

Vanguard Group Inc. boosted its stake in Eastman Kodak Company (NYSE:KODK) by 9.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 5,712,683 shares of the technology company’s stock after buying an additional 514,558 shares during the period. Vanguard Group Inc. owned approximately 5.93% of Eastman Kodak worth $48,329,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the company. Marshall Wace LLP lifted its holdings in Eastman Kodak by 6.0% during the 3rd quarter. Marshall Wace LLP now owns 2,875,197 shares of the technology company’s stock worth $18,430,000 after purchasing an additional 163,956 shares during the last quarter. Bridgeway Capital Management LLC lifted its holdings in Eastman Kodak by 3.6% during the 2nd quarter. Bridgeway Capital Management LLC now owns 760,108 shares of the technology company’s stock worth $4,295,000 after purchasing an additional 26,729 shares during the last quarter. First Eagle Investment Management LLC lifted its holdings in Eastman Kodak by 45.9% during the 3rd quarter. First Eagle Investment Management LLC now owns 734,433 shares of the technology company’s stock worth $4,708,000 after purchasing an additional 231,217 shares during the last quarter. UBS Group AG lifted its holdings in Eastman Kodak by 39.0% during the 3rd quarter. UBS Group AG now owns 471,773 shares of the technology company’s stock worth $3,024,000 after purchasing an additional 132,424 shares during the last quarter. Finally, Empowered Funds LLC lifted its holdings in Eastman Kodak by 4.2% during the 1st quarter. Empowered Funds LLC now owns 435,379 shares of the technology company’s stock worth $2,752,000 after purchasing an additional 17,621 shares during the last quarter. 33.65% of the stock is owned by institutional investors and hedge funds.

Eastman Kodak Trading Up 2.2%

Shares of KODK stock opened at $9.69 on Friday. The stock’s fifty day moving average price is $10.46 and its two-hundred day moving average price is $8.66. The company has a market cap of $945.26 million, a PE ratio of -5.15 and a beta of 1.66. Eastman Kodak Company has a fifty-two week low of $4.94 and a fifty-two week high of $14.87. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.32 and a current ratio of 2.53.

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

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Weiss Ratings upgraded shares of Eastman Kodak from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday. Wall Street Zen downgraded shares of Eastman Kodak from a “buy” rating to a “hold” rating in a research note on Saturday. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock currently has a consensus rating of “Hold”.

Eastman Kodak 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.