Denali Advisors LLC Purchases New Holdings in Eastman Kodak Company $KODK

Denali Advisors LLC acquired a new position in shares of Eastman Kodak Company (NYSE:KODK) in the 3rd quarter, according to its most recent filing with the SEC. The fund acquired 130,492 shares of the technology company’s stock, valued at approximately $836,000. Denali Advisors LLC owned approximately 0.16% of Eastman Kodak at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. AQR Capital Management LLC increased its position in shares of Eastman Kodak by 8.1% during the first quarter. AQR Capital Management LLC now owns 175,313 shares of the technology company’s stock worth $1,108,000 after purchasing an additional 13,129 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Eastman Kodak by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,992 shares of the technology company’s stock valued at $227,000 after acquiring an additional 1,566 shares during the last quarter. Empowered Funds LLC lifted its stake in Eastman Kodak by 4.2% in the 1st quarter. Empowered Funds LLC now owns 435,379 shares of the technology company’s stock worth $2,752,000 after purchasing an additional 17,621 shares in the last quarter. Corton Capital Inc. purchased a new position in Eastman Kodak in the 2nd quarter worth approximately $108,000. Finally, Prescott Group Capital Management L.L.C. acquired a new position in shares of Eastman Kodak during the 2nd quarter worth approximately $1,526,000. Hedge funds and other institutional investors own 33.65% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on KODK. Weiss Ratings reiterated a “sell (d+)” rating on shares of Eastman Kodak in a research report on Wednesday, January 21st. Wall Street Zen upgraded Eastman Kodak from a “sell” rating to a “hold” rating in a report on Saturday, November 15th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has an average rating of “Sell”.

Eastman Kodak Trading Up 2.2%

Shares of Eastman Kodak stock opened at $7.70 on Tuesday. The stock has a 50 day moving average of $7.99 and a 200 day moving average of $7.11. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.48 and a current ratio of 0.79. The firm has a market capitalization of $741.80 million, a price-to-earnings ratio of -23.32 and a beta of 1.47. Eastman Kodak Company has a fifty-two week low of $4.93 and a fifty-two week high of $9.96.

Eastman Kodak Profile

Eastman Kodak Company (NYSE: KODK) is a global technology firm specializing in imaging, printing and advanced materials. The company offers a wide array of products and services that enable customers to create, manage and share visual content across traditional and digital platforms. Its core offerings include graphic communications solutions, enterprise inkjet systems, packaging technologies, functional printing and micro 3D printing systems.

Kodak’s graphic communications segment serves commercial printers, packaging converters and publishing houses with offset plates, digital presses, workflow software and services designed to streamline production.