AlphaQuest LLC Invests $27,000 in Eastman Kodak Company $KODK

AlphaQuest LLC bought a new position in Eastman Kodak Company (NYSE:KODK) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 4,289 shares of the technology company’s stock, valued at approximately $27,000.

Other institutional investors have also made changes to their positions in the company. GAMMA Investing LLC grew its position in Eastman Kodak by 1,163.0% during the first quarter. GAMMA Investing LLC now owns 7,363 shares of the technology company’s stock valued at $47,000 after purchasing an additional 6,780 shares in the last quarter. New York State Common Retirement Fund grew its position in Eastman Kodak by 64.4% during the first quarter. New York State Common Retirement Fund now owns 8,681 shares of the technology company’s stock valued at $55,000 after purchasing an additional 3,400 shares in the last quarter. Costello Asset Management INC purchased a new position in Eastman Kodak during the first quarter valued at approximately $63,000. Novem Group purchased a new position in Eastman Kodak during the fourth quarter valued at approximately $85,000. Finally, Tower Research Capital LLC TRC grew its position in Eastman Kodak by 157.1% during the fourth 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. 33.65% of the stock is owned by hedge funds and other institutional investors.

Eastman Kodak Price Performance

NYSE KODK opened at $5.91 on Friday. 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 stock has a market capitalization of $478.31 million, a PE ratio of -59.05 and a beta of 1.26. The company has a 50 day moving average price of $6.34 and a two-hundred day moving average price of $6.27. Eastman Kodak Company has a 12-month low of $4.26 and a 12-month high of $8.24.

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

Insider Buying and Selling

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

Wall Street Analyst Weigh In

Separately, Wall Street Zen downgraded shares of Eastman Kodak from a “hold” rating to a “sell” rating in a research report 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.