Triasima Portfolio Management inc. Raises Stock Position in Eastman Kodak Company $KODK

Triasima Portfolio Management inc. increased its stake in Eastman Kodak Company (NYSE:KODK) by 91.7% during the 2nd quarter, HoldingsChannel reports. The firm owned 48,995 shares of the technology company’s stock after buying an additional 23,440 shares during the period. Triasima Portfolio Management inc.’s holdings in Eastman Kodak were worth $277,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings 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 worth $25,925,000 after purchasing an additional 104,703 shares during the last quarter. GMT Capital Corp boosted its holdings in Eastman Kodak by 17.6% in the first quarter. GMT Capital Corp now owns 981,400 shares of the technology company’s stock worth $6,202,000 after purchasing an additional 147,205 shares during the last quarter. American Century Companies Inc. boosted its holdings in Eastman Kodak by 1.1% in the first quarter. American Century Companies Inc. now owns 747,342 shares of the technology company’s stock worth $4,723,000 after purchasing an additional 7,779 shares during the last quarter. Bridgeway Capital Management LLC boosted its holdings in Eastman Kodak by 2.5% in the first quarter. Bridgeway Capital Management LLC now owns 733,379 shares of the technology company’s stock worth $4,635,000 after purchasing an additional 17,621 shares during the last quarter. Finally, Empowered Funds LLC boosted its holdings in Eastman Kodak by 4.2% in the first quarter. Empowered Funds LLC now owns 435,379 shares of the technology company’s stock worth $2,752,000 after purchasing an additional 17,621 shares during the last quarter. Hedge funds and other institutional investors own 33.65% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d+)” rating on shares of Eastman Kodak in a report on Wednesday. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Eastman Kodak has an average rating of “Sell”.

Insider Buying and Selling at Eastman Kodak

In other news, Director Philippe D. Katz acquired 10,000 shares of the firm’s stock in a transaction dated Thursday, August 14th. The shares were purchased at an average cost of $5.67 per share, for a total transaction of $56,700.00. Following the transaction, the director directly owned 180,026 shares of the company’s stock, valued at approximately $1,020,747.42. This trade represents a 5.88% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO James V. Continenza acquired 50,000 shares of the firm’s stock in a transaction dated Thursday, August 14th. The shares were purchased at an average price of $5.74 per share, for a total transaction of $287,000.00. Following the completion of the transaction, the chief executive officer directly owned 1,902,011 shares in the company, valued at approximately $10,917,543.14. This trade represents a 2.70% increase in their ownership of the stock. The disclosure for this purchase can be found here. 23.87% of the stock is owned by company insiders.

Eastman Kodak Trading Up 2.9%

Shares of Eastman Kodak stock opened at $6.80 on Thursday. The company’s fifty day simple moving average is $6.19 and its 200-day simple moving average is $6.18. The stock has a market capitalization of $550.80 million, a PE ratio of -68.00 and a beta of 1.49. Eastman Kodak Company has a 1-year low of $4.26 and a 1-year high of $8.24. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.79 and a quick ratio of 0.46.

Eastman Kodak (NYSE:KODK) last issued its quarterly earnings results on Monday, August 11th. The technology company reported ($0.30) earnings per share for the quarter. The business had revenue of $263.00 million for the quarter. Eastman Kodak had a return on equity of 2.32% and a net margin of 1.06%.

Eastman Kodak 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.