Empowered Funds LLC Raises Stock Position in Eastman Kodak (NYSE:KODK)

Empowered Funds LLC grew its stake in Eastman Kodak (NYSE:KODK) by 5.4% in the 3rd quarter, Holdings Channel reports. The firm owned 342,460 shares of the technology company’s stock after purchasing an additional 17,420 shares during the period. Empowered Funds LLC’s holdings in Eastman Kodak were worth $1,616,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Allspring Global Investments Holdings LLC bought a new position in Eastman Kodak in the third quarter worth $25,000. Gladius Capital Management LP purchased a new stake in shares of Eastman Kodak in the 2nd quarter worth about $33,000. CWM LLC increased 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 acquiring an additional 6,415 shares in the last quarter. Rathbones Group PLC purchased a new position in Eastman Kodak during the 2nd quarter valued at about $69,000. Finally, SG Americas Securities LLC increased its position in Eastman Kodak by 102.5% during the 3rd quarter. SG Americas Securities LLC now owns 22,609 shares of the technology company’s stock valued at $107,000 after buying an additional 11,443 shares in the last quarter. 33.65% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Eastman Kodak Trading Down 5.2 %

Shares of Eastman Kodak stock opened at $5.21 on Friday. 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 stock has a market capitalization of $418.48 million, a PE ratio of 7.84 and a beta of 3.64. Eastman Kodak has a 1-year low of $3.33 and a 1-year high of $6.18. The company’s fifty day simple moving average is $4.88 and its 200-day simple moving average is $5.15.

Eastman Kodak (NYSE:KODK) last announced its quarterly earnings data on Tuesday, November 12th. The technology company reported $0.15 earnings per share (EPS) for the quarter. The firm had revenue of $261.00 million during the quarter. Eastman Kodak had a net margin of 7.70% and a return on equity of 8.47%.

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.