Alliancebernstein L.P. Lowers Stake in Eastman Kodak (NYSE:KODK)

Alliancebernstein L.P. lessened its holdings in Eastman Kodak (NYSE:KODK) by 50.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 46,540 shares of the technology company’s stock after selling 47,200 shares during the quarter. Alliancebernstein L.P. owned about 0.06% of Eastman Kodak worth $306,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Commonwealth Equity Services LLC bought a new stake in Eastman Kodak during the 4th quarter valued at about $67,000. AXQ Capital LP bought a new position in Eastman Kodak in the 4th quarter valued at approximately $92,000. LPL Financial LLC boosted its stake in Eastman Kodak by 27.6% during the 4th quarter. LPL Financial LLC now owns 18,337 shares of the technology company’s stock valued at $120,000 after purchasing an additional 3,968 shares during the last quarter. ARK Investment Management LLC raised its stake in shares of Eastman Kodak by 9.7% in the fourth quarter. ARK Investment Management LLC now owns 19,218 shares of the technology company’s stock worth $126,000 after purchasing an additional 1,692 shares during the last quarter. Finally, Franklin Resources Inc. bought a new position in shares of Eastman Kodak during the third quarter valued at $180,000. 33.65% of the stock is currently owned by hedge funds and other institutional investors.

Eastman Kodak Price Performance

Shares of NYSE:KODK opened at $5.98 on Tuesday. The business has a 50-day simple moving average of $6.55 and a two-hundred day simple moving average of $6.32. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.51 and a current ratio of 2.41. The firm has a market cap of $482.98 million, a price-to-earnings ratio of 8.54 and a beta of 3.67. Eastman Kodak has a fifty-two week low of $4.26 and a fifty-two week high of $8.24.

Eastman Kodak (NYSE:KODK) last issued its earnings results on Monday, March 17th. The technology company reported $0.23 earnings per share (EPS) for the quarter. The company had revenue of $266.00 million for 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.