Franklin Resources Inc. Makes New Investment in Eastman Kodak (NYSE:KODK)

Franklin Resources Inc. bought a new stake in Eastman Kodak (NYSE:KODK) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 38,185 shares of the technology company’s stock, valued at approximately $180,000.

A number of other hedge funds have also made changes to their positions in the company. Allspring Global Investments Holdings LLC purchased a new stake in shares of Eastman Kodak in the 3rd quarter worth about $25,000. BNP Paribas Financial Markets raised its position in Eastman Kodak by 21.3% during the third quarter. BNP Paribas Financial Markets now owns 12,607 shares of the technology company’s stock worth $60,000 after acquiring an additional 2,210 shares during the last quarter. Intech Investment Management LLC purchased a new stake in shares of Eastman Kodak in the third quarter valued at about $62,000. Quantbot Technologies LP acquired a new stake in shares of Eastman Kodak in the third quarter valued at approximately $68,000. Finally, Rathbones Group PLC purchased a new position in shares of Eastman Kodak during the 2nd quarter worth approximately $69,000. Hedge funds and other institutional investors own 33.65% of the company’s stock.

Insider Activity at Eastman Kodak

In other Eastman Kodak news, Director Philippe D. Katz purchased 6,000 shares of the business’s stock in a transaction on Wednesday, December 11th. The stock was bought at an average cost of $6.50 per share, for a total transaction 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. The trade was a 3.66 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Michael Sileck purchased 10,000 shares of Eastman Kodak stock in a transaction on Thursday, December 19th. The shares were acquired at an average cost of $7.02 per share, for a total transaction of $70,200.00. Following the purchase, 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 disclosure for this purchase can be found here. 23.86% of the stock is currently owned by corporate insiders.

Eastman Kodak Trading Up 2.3 %

Shares of Eastman Kodak stock opened at $6.72 on Friday. Eastman Kodak has a 1 year low of $3.33 and a 1 year 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 business has a 50 day moving average price of $6.12 and a 200 day moving average price of $5.49. The company has a market capitalization of $540.29 million, a P/E ratio of 9.60 and a beta of 3.73.

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. The company had revenue of $261.00 million during the quarter. Eastman Kodak had a return on equity of 8.47% and a net margin of 7.70%.

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.