ProShare Advisors LLC Buys 5,605 Shares of Eastman Kodak (NYSE:KODK)

ProShare Advisors LLC increased its stake in Eastman Kodak (NYSE:KODK) by 49.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,035 shares of the technology company’s stock after buying an additional 5,605 shares during the period. ProShare Advisors LLC’s holdings in Eastman Kodak were worth $112,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Commonwealth Equity Services LLC purchased a new position in shares of Eastman Kodak during the fourth quarter worth approximately $67,000. Trexquant Investment LP bought a new position in Eastman Kodak in the fourth quarter worth approximately $74,000. AXQ Capital LP purchased a new position in Eastman Kodak during the 4th quarter worth $92,000. Tower Research Capital LLC TRC raised its position in Eastman Kodak by 157.1% during the 4th quarter. Tower Research Capital LLC TRC now owns 14,927 shares of the technology company’s stock valued at $98,000 after purchasing an additional 9,121 shares in the last quarter. Finally, LPL Financial LLC lifted its holdings in shares of Eastman Kodak by 27.6% in the 4th quarter. LPL Financial LLC now owns 18,337 shares of the technology company’s stock worth $120,000 after buying an additional 3,968 shares during the period. Institutional investors own 33.65% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen lowered Eastman Kodak from a “hold” rating to a “sell” rating in a research note on Monday, May 12th.

Eastman Kodak Stock Down 0.4%

Shares of Eastman Kodak stock opened at $5.66 on Tuesday. 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 cap of $456.73 million, a price-to-earnings ratio of 8.08 and a beta of 3.92. The firm’s 50-day moving average is $6.11 and its two-hundred day moving average is $6.60. Eastman Kodak has a 1 year low of $4.26 and a 1 year high of $8.24.

Eastman Kodak (NYSE:KODK) last released its quarterly earnings data on Thursday, May 8th. The technology company reported ($0.12) earnings per share (EPS) for the quarter. Eastman Kodak had a net margin of 7.70% and a return on equity of 8.47%.

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.