Weiss Asset Management LP Takes Position in Eastman Kodak Company $KODK

Weiss Asset Management LP acquired a new stake in shares of Eastman Kodak Company (NYSE:KODK) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 87,300 shares of the technology company’s stock, valued at approximately $790,000. Weiss Asset Management LP owned about 0.09% of Eastman Kodak as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. BNP Paribas Financial Markets boosted its stake 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 during the period. Farther Finance Advisors LLC grew its holdings in shares of Eastman Kodak by 2,394.0% during the fourth quarter. Farther Finance Advisors LLC now owns 7,033 shares of the technology company’s stock valued at $59,000 after purchasing an additional 6,751 shares during the last quarter. Headlands Technologies LLC acquired a new stake in shares of Eastman Kodak during the 2nd quarter worth approximately $45,000. Tower Research Capital LLC TRC raised its position in shares of Eastman Kodak by 239.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 8,075 shares of the technology company’s stock worth $46,000 after purchasing an additional 5,698 shares during the period. Finally, Kemnay Advisory Services Inc. bought a new stake in shares of Eastman Kodak in the 4th quarter worth approximately $71,000. Institutional investors and hedge funds own 33.65% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on KODK. Wall Street Zen downgraded Eastman Kodak from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Weiss Ratings downgraded shares of Eastman Kodak from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, June 29th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has a consensus rating of “Sell”.

Eastman Kodak Stock Performance

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

Eastman Kodak (NYSE:KODK) last issued its quarterly earnings data on Thursday, May 7th. The technology company reported ($0.21) earnings per share (EPS) for the quarter. The business had revenue of $265.00 million during the quarter. Eastman Kodak had a negative return on equity of 21.13% and a negative net margin of 12.60%.

About Eastman Kodak

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.