Weiss Asset Management LP Buys Shares of 87,300 Eastman Kodak Company $KODK

Weiss Asset Management LP purchased a new position in shares of Eastman Kodak Company (NYSE:KODK) during the first quarter, Holdings Channel.com reports. The fund purchased 87,300 shares of the technology company’s stock, valued at approximately $790,000.

A number of other institutional investors also recently made changes to their positions in the stock. FourThought Financial Partners LLC bought a new position in shares of Eastman Kodak in the fourth quarter valued at approximately $443,000. Vanguard Group Inc. increased its stake in shares of Eastman Kodak by 9.9% during the fourth quarter. Vanguard Group Inc. now owns 5,712,683 shares of the technology company’s stock valued at $48,329,000 after acquiring an additional 514,558 shares during the period. Fifth Third Bancorp bought a new stake in Eastman Kodak during the first quarter worth approximately $77,000. Bank of Nova Scotia lifted its position in Eastman Kodak by 30.1% in the first quarter. Bank of Nova Scotia now owns 18,495 shares of the technology company’s stock worth $167,000 after purchasing an additional 4,282 shares during the period. Finally, AXQ Capital LP lifted its position in Eastman Kodak by 7.9% in the fourth quarter. AXQ Capital LP now owns 21,459 shares of the technology company’s stock worth $182,000 after purchasing an additional 1,579 shares during the period. 33.65% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on KODK shares. Weiss Ratings cut Eastman Kodak from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, June 29th. Wall Street Zen lowered Eastman Kodak from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has an average rating of “Sell”.

Eastman Kodak Stock Down 2.1%

NYSE KODK opened at $8.06 on Tuesday. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.53 and a quick ratio of 1.71. The company’s 50 day simple moving average is $9.05 and its 200 day simple moving average is $9.10. Eastman Kodak Company has a 12 month low of $4.94 and a 12 month high of $14.87. The company has a market capitalization of $789.15 million, a P/E ratio of -4.29 and a beta of 1.54.

Eastman Kodak (NYSE:KODK) last issued its earnings results on Thursday, May 7th. The technology company reported ($0.21) earnings per share 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%.

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.