BNP Paribas Financial Markets Decreases Stake in Eastman Kodak (NYSE:KODK)

BNP Paribas Financial Markets reduced its holdings in Eastman Kodak (NYSE:KODK) by 36.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,964 shares of the technology company’s stock after selling 4,643 shares during the period. BNP Paribas Financial Markets’ holdings in Eastman Kodak were worth $52,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Yakira Capital Management Inc. purchased a new position in shares of Eastman Kodak in the fourth quarter worth about $328,000. Susquehanna Fundamental Investments LLC purchased a new position in shares of Eastman Kodak in the fourth quarter worth about $1,316,000. First Eagle Investment Management LLC acquired a new stake in Eastman Kodak during the fourth quarter worth about $2,138,000. Vanguard Group Inc. increased its position in Eastman Kodak by 2.2% during the fourth quarter. Vanguard Group Inc. now owns 3,997,389 shares of the technology company’s stock worth $26,263,000 after purchasing an additional 87,402 shares during the last quarter. Finally, Empowered Funds LLC increased its position in Eastman Kodak by 22.0% during the fourth quarter. Empowered Funds LLC now owns 417,758 shares of the technology company’s stock worth $2,745,000 after purchasing an additional 75,298 shares during the last quarter. 33.65% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Wall Street Zen cut shares of Eastman Kodak from a “hold” rating to a “sell” rating in a research report on Monday, May 12th.

Eastman Kodak Price Performance

Eastman Kodak stock opened at $5.83 on Wednesday. Eastman Kodak has a 12-month low of $4.26 and a 12-month high of $8.24. The stock has a market cap of $470.46 million, a P/E ratio of 8.32 and a beta of 3.92. The company has a 50-day moving average price of $6.10 and a 200 day moving average price of $6.59. 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 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 return on equity of 8.47% and a net margin of 7.70%.

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.