Connor Clark & Lunn Investment Management Ltd. Lowers Stock Holdings in Eastman Kodak (NYSE:KODK)

Connor Clark & Lunn Investment Management Ltd. cut its position in Eastman Kodak (NYSE:KODK) by 65.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,042 shares of the technology company’s stock after selling 28,541 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in Eastman Kodak were worth $71,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of KODK. Empowered Funds LLC boosted its holdings in Eastman Kodak by 5.4% during the 3rd quarter. Empowered Funds LLC now owns 342,460 shares of the technology company’s stock valued at $1,616,000 after acquiring an additional 17,420 shares during the period. Royce & Associates LP increased its stake in Eastman Kodak by 7.4% during the third quarter. Royce & Associates LP now owns 940,334 shares of the technology company’s stock worth $4,438,000 after purchasing an additional 64,680 shares during the period. Victory Capital Management Inc. acquired a new stake in shares of Eastman Kodak during the third quarter worth about $635,000. Allspring Global Investments Holdings LLC purchased a new position in shares of Eastman Kodak in the third quarter valued at approximately $25,000. Finally, Creative Planning boosted its stake in shares of Eastman Kodak by 25.8% in the third quarter. Creative Planning now owns 32,140 shares of the technology company’s stock valued at $152,000 after purchasing an additional 6,593 shares during the period. Hedge funds and other institutional investors own 33.65% of the company’s stock.

Wall Street Analyst Weigh In

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

Eastman Kodak Stock Down 0.4 %

Shares of NYSE KODK opened at $7.22 on Tuesday. The stock has a market cap of $580.49 million, a P/E ratio of 10.31 and a beta of 3.64. The business’s fifty day simple moving average is $5.13 and its 200-day simple moving average is $5.25. Eastman Kodak has a 12-month low of $3.33 and a 12-month high of $7.74. The company has a current ratio of 2.41, a quick ratio of 1.51 and a debt-to-equity ratio of 0.47.

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

Eastman Kodak 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.