First Eagle Investment Management LLC Purchases 231,217 Shares of Eastman Kodak Company $KODK

First Eagle Investment Management LLC increased its position in shares of Eastman Kodak Company (NYSE:KODK) by 45.9% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 734,433 shares of the technology company’s stock after buying an additional 231,217 shares during the quarter. First Eagle Investment Management LLC’s holdings in Eastman Kodak were worth $4,708,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Denali Advisors LLC acquired a new position in Eastman Kodak during the 3rd quarter worth approximately $836,000. Brandywine Global Investment Management LLC lifted its position in shares of Eastman Kodak by 20.4% in the second quarter. Brandywine Global Investment Management LLC now owns 352,480 shares of the technology company’s stock worth $1,992,000 after purchasing an additional 59,810 shares in the last quarter. Prescott Group Capital Management L.L.C. bought a new stake in shares of Eastman Kodak in the second quarter worth $1,526,000. Marshall Wace LLP boosted its holdings in Eastman Kodak by 50.6% during the second quarter. Marshall Wace LLP now owns 2,711,241 shares of the technology company’s stock worth $15,319,000 after purchasing an additional 910,644 shares during the last quarter. Finally, Corton Capital Inc. bought a new position in Eastman Kodak in the second quarter valued at $108,000. Institutional investors and hedge funds own 33.65% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on KODK. Wall Street Zen raised shares of Eastman Kodak from a “sell” rating to a “hold” rating in a research report on Saturday, November 15th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Eastman Kodak in a research report on Wednesday, January 21st. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, Eastman Kodak currently has an average rating of “Sell”.

Eastman Kodak Trading Up 3.0%

Shares of NYSE:KODK opened at $6.93 on Thursday. Eastman Kodak Company has a 52-week low of $4.93 and a 52-week high of $9.96. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.48 and a current ratio of 0.79. The company has a market capitalization of $668.05 million, a P/E ratio of -21.00 and a beta of 1.49. The company has a 50-day simple moving average of $7.68 and a 200 day simple moving average of $7.19.

About Eastman Kodak

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.