Aristides Capital LLC Takes $269,000 Position in Eastman Kodak (NYSE:KODK)

Aristides Capital LLC bought a new position in Eastman Kodak (NYSE:KODK) in the second quarter, according to the company in its most recent disclosure with the SEC. The fund bought 50,000 shares of the technology company’s stock, valued at approximately $269,000. Aristides Capital LLC owned 0.06% of Eastman Kodak at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Gladius Capital Management LP purchased a new stake in Eastman Kodak during the second quarter valued at $33,000. CWM LLC lifted its holdings in Eastman Kodak by 128.4% during the second quarter. CWM LLC now owns 11,410 shares of the technology company’s stock valued at $61,000 after purchasing an additional 6,415 shares in the last quarter. Rathbones Group PLC purchased a new position in Eastman Kodak during the second quarter valued at approximately $69,000. Tennessee Valley Asset Management Partners boosted its position in shares of Eastman Kodak by 43.8% in the second quarter. Tennessee Valley Asset Management Partners now owns 23,000 shares of the technology company’s stock worth $124,000 after purchasing an additional 7,000 shares during the period. Finally, BNP Paribas Financial Markets increased its stake in shares of Eastman Kodak by 83.4% in the first quarter. BNP Paribas Financial Markets now owns 27,781 shares of the technology company’s stock worth $138,000 after purchasing an additional 12,637 shares in the last quarter. 33.65% of the stock is currently owned by hedge funds and other institutional investors.

Eastman Kodak Stock Performance

NYSE KODK opened at $4.72 on Tuesday. The company has a quick ratio of 1.54, a current ratio of 2.37 and a debt-to-equity ratio of 0.47. Eastman Kodak has a twelve month low of $3.33 and a twelve month high of $6.18. The business has a 50-day moving average price of $5.11 and a 200-day moving average price of $5.12. The firm has a market cap of $378.07 million, a price-to-earnings ratio of 7.38 and a beta of 3.63.

Eastman Kodak (NYSE:KODK) last posted its quarterly earnings results on Thursday, August 8th. The technology company reported $0.23 earnings per share for the quarter. The business had revenue of $267.00 million during the quarter. Eastman Kodak had a return on equity of 9.68% and a net margin of 6.13%.

Wall Street Analysts Forecast Growth

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

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.