Eastman Kodak (NYSE:KODK) Hits New 1-Year High – Here’s What Happened

Shares of Eastman Kodak (NYSE:KODK) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $7.89 and last traded at $7.83, with a volume of 284897 shares. The stock had previously closed at $7.69.

Eastman Kodak Trading Down 6.4 %

The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.51 and a current ratio of 2.41. The company’s 50 day moving average is $6.96 and its 200 day moving average is $5.74. The stock has a market capitalization of $608.23 million, a price-to-earnings ratio of 10.81 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 EPS for the quarter. Eastman Kodak had a net margin of 7.70% and a return on equity of 8.47%. The business had revenue of $261.00 million during the quarter.

Insiders Place Their Bets

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

Institutional Trading of Eastman Kodak

Several hedge funds have recently added to or reduced their stakes in the company. Victory Capital Management Inc. bought a new stake in shares of Eastman Kodak during the third quarter worth $635,000. JPMorgan Chase & Co. grew its position in Eastman Kodak by 75.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 222,065 shares of the technology company’s stock worth $1,048,000 after acquiring an additional 95,402 shares during the last quarter. Empowered Funds LLC increased its holdings in Eastman Kodak by 22.0% in the 4th quarter. Empowered Funds LLC now owns 417,758 shares of the technology company’s stock worth $2,745,000 after purchasing an additional 75,298 shares in the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of Eastman Kodak during the fourth quarter valued at about $475,000. Finally, Royce & Associates LP grew its holdings in shares of Eastman Kodak by 7.4% during the third quarter. Royce & Associates LP now owns 940,334 shares of the technology company’s stock worth $4,438,000 after purchasing an additional 64,680 shares during the last quarter. 33.65% of the stock is owned by institutional investors and hedge funds.

About Eastman Kodak

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.