Eastman Kodak (NYSE:KODK) Stock Price Up 7.4% – Still a Buy?

Eastman Kodak (NYSE:KODK)’s stock price was up 7.4% on Thursday . The company traded as high as $8.12 and last traded at $8.22. Approximately 731,200 shares were traded during trading, a decline of 40% from the average daily volume of 1,226,391 shares. The stock had previously closed at $7.66.

Eastman Kodak Stock Performance

The business’s fifty day moving average price is $6.93 and its 200-day moving average price is $5.71. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.41 and a quick ratio of 1.51. The stock has a market capitalization of $639.74 million, a PE ratio of 11.30 and a beta of 3.66.

Eastman Kodak (NYSE:KODK) last announced its quarterly earnings data on Tuesday, November 12th. The technology company reported $0.15 earnings per share for the quarter. The business had revenue of $261.00 million for the quarter. Eastman Kodak had a net margin of 7.70% and a return on equity of 8.47%.

Insider Activity at Eastman Kodak

In other news, Director Michael Sileck acquired 10,000 shares of Eastman Kodak stock in a transaction dated Thursday, December 19th. The stock was purchased at an average cost of $7.02 per share, with a total value of $70,200.00. Following the completion of the purchase, the director now directly owns 107,940 shares in the company, valued at approximately $757,738.80. This trade represents a 10.21 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Philippe D. Katz bought 6,000 shares of the business’s stock in a transaction dated Wednesday, December 11th. The shares were bought at an average cost of $6.50 per share, for a total transaction of $39,000.00. Following the transaction, the director now owns 170,026 shares in the company, valued at approximately $1,105,169. The trade was a 3.66 % increase in their position. The disclosure for this purchase can be found here. 23.86% of the stock is owned by insiders.

Institutional Trading of Eastman Kodak

A number of institutional investors have recently made changes to their positions in the company. State Street Corp increased its position in shares of Eastman Kodak by 1.1% in the 3rd quarter. State Street Corp now owns 1,956,101 shares of the technology company’s stock valued at $9,233,000 after purchasing an additional 20,731 shares during the last quarter. Geode Capital Management LLC raised its position in Eastman Kodak by 3.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,528,671 shares of the technology company’s stock worth $7,217,000 after buying an additional 57,487 shares during the last quarter. Royce & Associates LP increased its position in shares of Eastman Kodak by 7.4% in the third quarter. Royce & Associates LP now owns 940,334 shares of the technology company’s stock valued at $4,438,000 after buying an additional 64,680 shares in the last quarter. Empowered Funds LLC grew its position in shares of Eastman Kodak by 22.0% in the fourth quarter. Empowered Funds LLC now owns 417,758 shares of the technology company’s stock valued at $2,745,000 after purchasing an additional 75,298 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in shares of Eastman Kodak by 75.3% during the third quarter. JPMorgan Chase & Co. now owns 222,065 shares of the technology company’s stock valued at $1,048,000 after buying an additional 95,402 shares during the period. 33.65% of the stock is 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.