Key Points
- Eastman Kodak director Philippe Katz bought 2,000 shares at $10.30 each, totaling $20,600, and increased his direct ownership to 187,026 shares.
- KODK shares were down 8.1% on Friday, opening at $9.50 after trading near a 50-day average of $10.40.
- The company recently reported a Q1 loss of $0.21 per share on $265 million in revenue, while analysts currently maintain an overall Hold rating on the stock.
Eastman Kodak Company (NYSE:KODK - Get Free Report) Director Philippe Katz bought 2,000 shares of the stock in a transaction that occurred on Wednesday, May 13th. The stock was bought at an average cost of $10.30 per share, for a total transaction of $20,600.00. Following the completion of the purchase, the director directly owned 187,026 shares of the company's stock, valued at $1,926,367.80. This represents a 1.08% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Eastman Kodak Trading Down 8.1%
Shares of KODK opened at $9.50 on Friday. The company has a market capitalization of $927.00 million, a P/E ratio of -5.05 and a beta of 1.66. Eastman Kodak Company has a 1-year low of $4.94 and a 1-year high of $14.87. The firm's 50 day simple moving average is $10.40 and its 200 day simple moving average is $8.66. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.53 and a quick ratio of 2.32.
Eastman Kodak (NYSE:KODK - Get Free Report) last posted its quarterly 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%.
Analysts Set New Price Targets
Several research firms have commented on KODK. Wall Street Zen raised shares of Eastman Kodak from a "hold" rating to a "buy" rating in a research note on Saturday, April 25th. Weiss Ratings raised shares of Eastman Kodak from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Wednesday. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has an average rating of "Hold".
View Our Latest Research Report on Eastman Kodak
Institutional Trading of Eastman Kodak
Several large investors have recently added to or reduced their stakes in KODK. BNP Paribas Financial Markets boosted its holdings in Eastman Kodak by 78.2% in the second quarter. BNP Paribas Financial Markets now owns 6,207 shares of the technology company's stock valued at $35,000 after acquiring an additional 2,723 shares in the last quarter. Headlands Technologies LLC bought a new stake in Eastman Kodak in the second quarter valued at $45,000. Tower Research Capital LLC TRC boosted its holdings in Eastman Kodak by 239.7% in the second quarter. Tower Research Capital LLC TRC now owns 8,075 shares of the technology company's stock valued at $46,000 after acquiring an additional 5,698 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in Eastman Kodak by 2,394.0% in the fourth quarter. Farther Finance Advisors LLC now owns 7,033 shares of the technology company's stock valued at $59,000 after acquiring an additional 6,751 shares in the last quarter. Finally, Kemnay Advisory Services Inc. bought a new stake in Eastman Kodak in the fourth quarter valued at $71,000. Institutional investors own 33.65% of the company's stock.
Eastman Kodak Company Profile
(
Get Free Report)
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.
Read More
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
