Eastman Kodak (NYSE:KODK) Shares Up 7.4% – Here’s What Happened

Shares of Eastman Kodak (NYSE:KODK) were up 7.4% during mid-day trading on Thursday . The company traded as high as $8.12 and last traded at $8.22. Approximately 731,200 shares were traded during trading, a decline of 40% from the average daily volume of 1,226,391 shares. The stock had previously closed at $7.66.

Eastman Kodak Trading Up 3.9 %

The company has a quick ratio of 1.51, a current ratio of 2.41 and a debt-to-equity ratio of 0.47. The firm has a market cap of $639.74 million, a price-to-earnings ratio of 11.30 and a beta of 3.66. The company has a 50-day moving average price of $6.93 and a 200 day moving average price of $5.71.

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

Insider Activity at Eastman Kodak

In other news, Director Philippe D. Katz bought 6,000 shares of the company’s stock in a transaction on Wednesday, December 11th. The shares were purchased at an average price of $6.50 per share, with a total value of $39,000.00. Following the transaction, the director now directly owns 170,026 shares in the company, valued at $1,105,169. This represents a 3.66 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Michael Sileck acquired 10,000 shares of the stock in a transaction that occurred on Thursday, December 19th. The stock was purchased at an average price of $7.02 per share, for a total transaction of $70,200.00. Following the completion of the purchase, the director now directly owns 107,940 shares in the company, valued at $757,738.80. This trade represents a 10.21 % increase in their position. The disclosure for this purchase can be found here. 23.86% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Victory Capital Management Inc. bought a new stake in shares of Eastman Kodak during the third quarter valued at approximately $635,000. JPMorgan Chase & Co. boosted its stake in shares of Eastman Kodak by 75.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 222,065 shares of the technology company’s stock worth $1,048,000 after acquiring an additional 95,402 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Eastman Kodak by 3.9% in the third quarter. Geode Capital Management LLC now owns 1,528,671 shares of the technology company’s stock worth $7,217,000 after buying an additional 57,487 shares in the last quarter. Barclays PLC raised its holdings in Eastman Kodak by 277.6% in the 3rd quarter. Barclays PLC now owns 79,094 shares of the technology company’s stock valued at $373,000 after acquiring an additional 58,150 shares during the last quarter. Finally, State Street Corp raised its holdings in Eastman Kodak by 1.1% in the 3rd quarter. State Street Corp now owns 1,956,101 shares of the technology company’s stock valued at $9,233,000 after buying an additional 20,731 shares during the period. 33.65% of the stock is currently owned by institutional investors.

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.