Eastman Kodak (NYSE:KODK) Stake Boosted by Geode Capital Management LLC

Geode Capital Management LLC increased its stake in Eastman Kodak (NYSE:KODK) by 3.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,528,671 shares of the technology company’s stock after purchasing an additional 57,487 shares during the period. Geode Capital Management LLC’s holdings in Eastman Kodak were worth $7,217,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Victory Capital Management Inc. acquired a new stake in shares of Eastman Kodak in the 3rd quarter worth about $635,000. American Century Companies Inc. grew its position in Eastman Kodak by 77.9% in the 2nd quarter. American Century Companies Inc. now owns 715,264 shares of the technology company’s stock worth $3,848,000 after purchasing an additional 313,191 shares during the last quarter. State Street Corp increased its stake in shares of Eastman Kodak by 1.1% in the third 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 period. Marshall Wace LLP bought a new stake in shares of Eastman Kodak during the second quarter valued at approximately $2,197,000. Finally, XTX Topco Ltd acquired a new position in shares of Eastman Kodak during the second quarter worth approximately $190,000. Institutional investors and hedge funds own 33.65% of the company’s stock.

Insider Activity at Eastman Kodak

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

Eastman Kodak Stock Performance

Shares of KODK stock opened at $6.72 on Friday. Eastman Kodak has a 12-month low of $3.33 and a 12-month high of $7.74. 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 firm has a market capitalization of $540.29 million, a price-to-earnings ratio of 9.60 and a beta of 3.73. The business has a 50 day simple moving average of $6.12 and a 200 day simple moving average of $5.49.

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

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.