American Century Companies Inc. Buys 7,779 Shares of Eastman Kodak Company $KODK

American Century Companies Inc. grew its stake in shares of Eastman Kodak Company (NYSE:KODK) by 1.1% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 747,342 shares of the technology company’s stock after acquiring an additional 7,779 shares during the period. American Century Companies Inc. owned about 0.93% of Eastman Kodak worth $4,723,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of KODK. Russell Investments Group Ltd. raised its stake in shares of Eastman Kodak by 34,542.8% during the first quarter. Russell Investments Group Ltd. now owns 272,639 shares of the technology company’s stock valued at $1,723,000 after acquiring an additional 271,852 shares in the last quarter. Susquehanna Fundamental Investments LLC bought a new stake in shares of Eastman Kodak during the fourth quarter valued at approximately $1,316,000. Segall Bryant & Hamill LLC bought a new stake in shares of Eastman Kodak during the first quarter valued at approximately $967,000. Northern Trust Corp raised its stake in shares of Eastman Kodak by 27.2% during the fourth quarter. Northern Trust Corp now owns 686,532 shares of the technology company’s stock valued at $4,511,000 after acquiring an additional 146,674 shares in the last quarter. Finally, Nuveen LLC bought a new stake in shares of Eastman Kodak during the first quarter valued at approximately $913,000. Institutional investors own 33.65% of the company’s stock.

Eastman Kodak Stock Performance

Shares of NYSE:KODK opened at $5.92 on Friday. The company has a market capitalization of $479.12 million, a price-to-earnings ratio of -59.15 and a beta of 0.90. Eastman Kodak Company has a 52 week low of $4.26 and a 52 week high of $8.24. The company has a quick ratio of 0.46, a current ratio of 0.79 and a debt-to-equity ratio of 0.02. The firm has a 50 day moving average of $6.33 and a 200 day moving average of $6.33.

Eastman Kodak (NYSE:KODK) last issued its quarterly earnings data on Monday, August 11th. The technology company reported ($0.30) EPS for the quarter. The business had revenue of $263.00 million during the quarter. Eastman Kodak had a return on equity of 2.32% and a net margin of 1.06%.

Insider Buying and Selling

In other news, CEO James V. Continenza purchased 50,000 shares of the business’s stock in a transaction on Thursday, August 14th. The shares were acquired at an average cost of $5.74 per share, with a total value of $287,000.00. Following the completion of the acquisition, the chief executive officer owned 1,902,011 shares of the company’s stock, valued at $10,917,543.14. This trade represents a 2.70% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Philippe D. Katz purchased 10,000 shares of the business’s stock in a transaction on Thursday, August 14th. The stock was purchased at an average cost of $5.67 per share, for a total transaction of $56,700.00. Following the completion of the acquisition, the director directly owned 180,026 shares of the company’s stock, valued at approximately $1,020,747.42. The trade was a 5.88% increase in their position. The disclosure for this purchase can be found here. Insiders own 23.87% of the company’s stock.

Analyst Ratings Changes

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

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.