Bank of New York Mellon Corp Sells 157,084 Shares of Eastman Kodak (NYSE:KODK)

Bank of New York Mellon Corp lowered its stake in Eastman Kodak (NYSE:KODK) by 48.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 168,434 shares of the technology company’s stock after selling 157,084 shares during the period. Bank of New York Mellon Corp owned approximately 0.21% of Eastman Kodak worth $1,107,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. BNP Paribas Financial Markets increased its holdings in Eastman Kodak by 21.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 12,607 shares of the technology company’s stock valued at $60,000 after buying an additional 2,210 shares during the period. Intech Investment Management LLC bought a new position in Eastman Kodak in the third quarter valued at approximately $62,000. Quantbot Technologies LP acquired a new position in Eastman Kodak during the third quarter valued at approximately $68,000. Cobblestone Capital Advisors LLC NY acquired a new position in Eastman Kodak during the third quarter valued at approximately $95,000. Finally, Franklin Resources Inc. acquired a new stake in shares of Eastman Kodak in the 3rd quarter valued at $180,000. Institutional investors and hedge funds own 33.65% of the company’s stock.

Eastman Kodak Trading Up 3.8 %

Shares of KODK opened at $6.49 on Tuesday. 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 52-week low of $4.26 and a 52-week high of $8.24. The firm has a market cap of $522.69 million, a price-to-earnings ratio of 9.26 and a beta of 3.75. The business’s fifty day moving average is $7.10 and its 200-day moving average is $6.15.

Eastman Kodak (NYSE:KODK) last released its earnings results on Monday, March 17th. The technology company reported $0.23 earnings per share (EPS) for the quarter. The firm had revenue of $266.00 million for the quarter. Eastman Kodak had a return on equity of 8.47% and a net margin of 7.70%.

Eastman Kodak 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.