Intech Investment Management LLC Invests $62,000 in Eastman Kodak (NYSE:KODK)

Intech Investment Management LLC bought a new stake in Eastman Kodak (NYSE:KODK) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 13,070 shares of the technology company’s stock, valued at approximately $62,000.

Several other institutional investors also recently bought and sold shares of KODK. Allspring Global Investments Holdings LLC bought a new stake in Eastman Kodak in the third quarter valued at approximately $25,000. Gladius Capital Management LP bought a new stake in Eastman Kodak during the 2nd quarter valued at $33,000. CWM LLC boosted its position in Eastman Kodak by 128.4% during the 2nd quarter. CWM LLC now owns 11,410 shares of the technology company’s stock valued at $61,000 after buying an additional 6,415 shares during the period. Rathbones Group PLC bought a new stake in Eastman Kodak in the 2nd quarter worth $69,000. Finally, SG Americas Securities LLC increased its position in shares of Eastman Kodak by 102.5% in the third quarter. SG Americas Securities LLC now owns 22,609 shares of the technology company’s stock valued at $107,000 after acquiring an additional 11,443 shares during the period. 33.65% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Eastman Kodak from a “sell” rating to a “hold” rating in a report on Tuesday, August 13th.

Eastman Kodak Price Performance

Shares of KODK stock opened at $7.11 on Monday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.51 and a current ratio of 2.41. Eastman Kodak has a fifty-two week low of $3.33 and a fifty-two week high of $7.74. The firm has a market cap of $571.64 million, a P/E ratio of 10.16 and a beta of 3.73. The business’s 50 day moving average price is $5.29 and its 200-day moving average price is $5.30.

Eastman Kodak (NYSE:KODK) last released its quarterly earnings results on Tuesday, November 12th. The technology company reported $0.15 earnings per share 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 for 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.