Bank of New York Mellon Corp Purchases 30,375 Shares of Eastman Kodak (NYSE:KODK)

Bank of New York Mellon Corp lifted its position in Eastman Kodak (NYSE:KODK) by 8.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 372,239 shares of the technology company’s stock after purchasing an additional 30,375 shares during the quarter. Bank of New York Mellon Corp owned about 0.46% of Eastman Kodak worth $2,003,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in KODK. Gladius Capital Management LP purchased a new stake in Eastman Kodak in the second quarter worth approximately $33,000. IPG Investment Advisors LLC purchased a new stake in shares of Eastman Kodak in the 4th quarter valued at $50,000. CWM LLC boosted 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 valued at $61,000 after purchasing an additional 6,415 shares in the last quarter. Tennessee Valley Asset Management Partners grew its holdings in shares of Eastman Kodak by 43.8% during the 2nd quarter. Tennessee Valley Asset Management Partners now owns 23,000 shares of the technology company’s stock valued at $124,000 after purchasing an additional 7,000 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its position in Eastman Kodak by 83.4% in the 1st 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 during the period. Hedge funds and other institutional investors own 33.65% of the company’s stock.

Eastman Kodak Stock Performance

Eastman Kodak stock opened at $5.05 on Wednesday. The company has a current ratio of 2.37, a quick ratio of 1.54 and a debt-to-equity ratio of 0.47. The firm has a market cap of $404.51 million, a P/E ratio of 7.89 and a beta of 3.63. Eastman Kodak has a 1-year low of $3.33 and a 1-year high of $6.18. The firm has a 50-day moving average of $5.24 and a 200-day moving average of $5.13.

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

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Eastman Kodak from a “sell” rating to a “hold” rating in a research 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.