Brandywine Global Investment Management LLC Buys 59,810 Shares of Eastman Kodak Company $KODK

Brandywine Global Investment Management LLC lifted its position in Eastman Kodak Company (NYSE:KODK) by 20.4% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 352,480 shares of the technology company’s stock after purchasing an additional 59,810 shares during the quarter. Brandywine Global Investment Management LLC owned 0.44% of Eastman Kodak worth $1,992,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in KODK. AlphaQuest LLC acquired a new position in Eastman Kodak in the first quarter valued at about $27,000. Byrne Asset Management LLC bought a new position in shares of Eastman Kodak in the second quarter valued at approximately $39,000. New York State Common Retirement Fund boosted its holdings in shares of Eastman Kodak by 64.4% in the 1st quarter. New York State Common Retirement Fund now owns 8,681 shares of the technology company’s stock worth $55,000 after acquiring an additional 3,400 shares in the last quarter. Costello Asset Management INC bought a new stake in Eastman Kodak during the 1st quarter worth approximately $63,000. Finally, Foster Group Inc. bought a new stake in Eastman Kodak during the 2nd quarter worth approximately $102,000. 33.65% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on KODK shares. Wall Street Zen upgraded Eastman Kodak from a “sell” rating to a “hold” rating in a research report on Saturday, November 15th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Eastman Kodak in a report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Eastman Kodak has an average rating of “Sell”.

Insider Buying and Selling at Eastman Kodak

In related news, Director Philippe D. Katz purchased 5,000 shares of the business’s stock in a transaction dated Monday, November 17th. The shares were bought at an average price of $7.35 per share, with a total value of $36,750.00. Following the purchase, the director directly owned 185,026 shares in the company, valued at $1,359,941.10. This trade represents a 2.78% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, SVP Roger W. Byrd sold 19,744 shares of the firm’s stock in a transaction on Monday, November 10th. The stock was sold at an average price of $8.00, for a total value of $157,952.00. Following the completion of the transaction, the senior vice president owned 59,266 shares in the company, valued at $474,128. This represents a 24.99% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 23.87% of the company’s stock.

Eastman Kodak Stock Performance

Shares of NYSE:KODK opened at $7.31 on Tuesday. The company has a current ratio of 0.79, a quick ratio of 0.46 and a debt-to-equity ratio of 0.02. Eastman Kodak Company has a 1-year low of $4.93 and a 1-year high of $8.90. The stock has a market capitalization of $704.97 million, a P/E ratio of -73.13 and a beta of 1.43. The business has a 50-day moving average price of $6.70 and a two-hundred day moving average price of $6.34.

Eastman Kodak (NYSE:KODK) last issued its quarterly earnings results on Thursday, November 6th. The technology company reported ($0.08) EPS for the quarter. Eastman Kodak had a return on equity of 2.32% and a net margin of 1.06%.The business had revenue of $269.00 million for the quarter.

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.