Eastman Kodak (NYSE:KODK) Sets New 52-Week High – Still a Buy?
by Michael Walen · The Markets DailyEastman Kodak Company (NYSE:KODK – Get Free Report)’s share price reached a new 52-week high on Friday . The stock traded as high as $9.06 and last traded at $9.3030, with a volume of 1138782 shares trading hands. The stock had previously closed at $8.48.
Analyst Ratings Changes
Several brokerages recently issued reports on KODK. Wall Street Zen raised Eastman Kodak from a “sell” rating to a “hold” rating in a research note on Saturday, November 15th. Weiss Ratings restated a “sell (d+)” rating on shares of Eastman Kodak in a report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has an average rating of “Sell”.
Read Our Latest Stock Report on KODK
Eastman Kodak Stock Up 5.2%
The business’s fifty day moving average price is $6.95 and its two-hundred day moving average price is $6.43. 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 firm has a market capitalization of $860.37 million, a P/E ratio of -27.09 and a beta of 1.45.
Eastman Kodak (NYSE:KODK – Get Free Report) last posted its earnings results on Thursday, November 6th. The technology company reported ($0.08) EPS for the quarter. Eastman Kodak had a net margin of 0.57% and a return on equity of 1.72%. The firm had revenue of $269.00 million for the quarter.
Insider Activity
In related news, Director Philippe D. Katz acquired 5,000 shares of the business’s stock in a transaction dated Monday, November 17th. The shares were purchased at an average price of $7.35 per share, for a total transaction of $36,750.00. Following the completion of the acquisition, the director directly owned 185,026 shares in the company, valued at $1,359,941.10. The trade was a 2.78% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Roger W. Byrd sold 19,744 shares of Eastman Kodak stock in a transaction that occurred on Monday, November 10th. The stock was sold at an average price of $8.00, for a total transaction of $157,952.00. Following the completion of the sale, the senior vice president owned 59,266 shares of the company’s stock, valued at $474,128. This trade represents a 24.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 23.87% of the company’s stock.
Institutional Investors Weigh In On Eastman Kodak
Institutional investors and hedge funds have recently made changes to their positions in the stock. Brandywine Global Investment Management LLC lifted its position in Eastman Kodak by 20.4% during the 2nd quarter. Brandywine Global Investment Management LLC now owns 352,480 shares of the technology company’s stock worth $1,992,000 after acquiring an additional 59,810 shares during the period. Vanguard Group Inc. boosted its position in Eastman Kodak by 2.6% in the first quarter. Vanguard Group Inc. now owns 4,102,092 shares of the technology company’s stock valued at $25,925,000 after buying an additional 104,703 shares during the last quarter. Nuveen LLC purchased a new stake in Eastman Kodak in the first quarter valued at approximately $913,000. GMT Capital Corp raised its position in Eastman Kodak by 17.6% during the 1st quarter. GMT Capital Corp now owns 981,400 shares of the technology company’s stock worth $6,202,000 after buying an additional 147,205 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its stake in Eastman Kodak by 34,542.8% during the 1st quarter. Russell Investments Group Ltd. now owns 272,639 shares of the technology company’s stock valued at $1,723,000 after acquiring an additional 271,852 shares during the period. 33.65% of the stock is currently owned by institutional investors and hedge funds.
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.
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