Eastman Kodak (NYSE:KODK) Trading 4.7% Higher – What’s Next?

Eastman Kodak (NYSE:KODK) shares rose 4.7% during trading on Friday . The company traded as high as $7.48 and last traded at $7.37. Approximately 889,721 shares were traded during 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 company has a 50 day simple moving average of $6.89 and a two-hundred day simple moving average of $5.68. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.51 and a current ratio of 2.41. The firm 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 issued its earnings results on Tuesday, November 12th. The technology company reported $0.15 EPS for the quarter. Eastman Kodak had a return on equity of 8.47% and a net margin of 7.70%. The firm had revenue of $261.00 million for the quarter.

Insider Transactions at Eastman Kodak

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

Institutional Trading of Eastman Kodak

A number of institutional investors and hedge funds have recently made changes to their positions in KODK. Victory Capital Management Inc. acquired a new position in shares of Eastman Kodak during the 3rd quarter worth about $635,000. JPMorgan Chase & Co. raised its holdings in shares of Eastman Kodak by 75.3% during the third quarter. JPMorgan Chase & Co. now owns 222,065 shares of the technology company’s stock valued at $1,048,000 after acquiring an additional 95,402 shares during the last quarter. Geode Capital Management LLC lifted its position 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 valued at $7,217,000 after acquiring an additional 57,487 shares in the last quarter. Barclays PLC boosted its stake in shares of Eastman Kodak by 277.6% in the third quarter. Barclays PLC now owns 79,094 shares of the technology company’s stock worth $373,000 after acquiring an additional 58,150 shares during the last quarter. Finally, State Street Corp increased its position 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 worth $9,233,000 after purchasing an additional 20,731 shares in the last quarter. 33.65% of the stock is currently owned by hedge funds and other institutional investors.

Eastman Kodak Company Profile

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.