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

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

A number of other hedge funds have also recently modified their holdings of the business. Price T Rowe Associates Inc. MD lifted its position in Eastman Kodak by 5.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 60,823 shares of the technology company’s stock valued at $302,000 after acquiring an additional 3,214 shares during the period. Allspring Global Investments Holdings LLC bought a new position in shares of Eastman Kodak during the third quarter valued at approximately $25,000. Rhumbline Advisers lifted its holdings in shares of Eastman Kodak by 6.4% during the second quarter. Rhumbline Advisers now owns 99,260 shares of the technology company’s stock valued at $534,000 after purchasing an additional 5,988 shares during the last quarter. Gladius Capital Management LP bought a new stake in shares of Eastman Kodak in the 2nd quarter worth approximately $33,000. Finally, CWM LLC grew its stake in shares of Eastman Kodak by 128.4% in the 2nd quarter. CWM LLC now owns 11,410 shares of the technology company’s stock worth $61,000 after buying an additional 6,415 shares during the last quarter. Institutional investors own 33.65% of the company’s stock.

Eastman Kodak Stock Performance

Shares of KODK stock opened at $7.11 on Monday. The company has a market capitalization of $571.64 million, a price-to-earnings ratio of 10.16 and a beta of 3.73. 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 one year low of $3.33 and a one year high of $7.74. The company’s 50-day moving average is $5.29 and its 200 day moving average is $5.30.

Eastman Kodak (NYSE:KODK) last announced 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 company had revenue of $261.00 million during the quarter.

Analysts Set New Price Targets

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

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.