Eastman Kodak (NYSE:KODK) Upgraded to Buy at ValuEngine

ValuEngine upgraded shares of Eastman Kodak (NYSE:KODK) from a hold rating to a buy rating in a research report sent to investors on Friday, ValuEngine reports.

Shares of KODK traded down $0.13 during trading hours on Friday, reaching $2.53. The stock had a trading volume of 118,437 shares, compared to its average volume of 189,589. Eastman Kodak has a 12 month low of $1.87 and a 12 month high of $4.44. The firm has a 50-day simple moving average of $2.61 and a 200 day simple moving average of $2.46. The company has a current ratio of 1.91, a quick ratio of 1.25 and a debt-to-equity ratio of 0.72. The company has a market capitalization of $117.17 million, a price-to-earnings ratio of 8.24 and a beta of 2.35.

Eastman Kodak (NYSE:KODK) last issued its quarterly earnings data on Thursday, August 8th. The technology company reported ($0.25) earnings per share for the quarter. Eastman Kodak had a net margin of 14.77% and a negative return on equity of 10.99%. The company had revenue of $307.00 million for the quarter.

In other Eastman Kodak news, Chairman James V. Continenza bought 20,000 shares of the stock in a transaction dated Tuesday, August 13th. The shares were bought at an average cost of $2.12 per share, for a total transaction of $42,400.00. Following the purchase, the chairman now directly owns 20,000 shares of the company’s stock, valued at approximately $42,400. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Philippe D. Katz bought 40,000 shares of the stock in a transaction dated Wednesday, August 14th. The shares were acquired at an average price of $2.07 per share, for a total transaction of $82,800.00. Following the completion of the purchase, the director now directly owns 30,000 shares in the company, valued at $62,100. The disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 163,250 shares of company stock worth $337,188. Company insiders own 19.10% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the stock. ARK Investment Management LLC increased its holdings in Eastman Kodak by 37.4% in the 2nd quarter. ARK Investment Management LLC now owns 20,712 shares of the technology company’s stock worth $50,000 after acquiring an additional 5,643 shares during the last quarter. Mid Atlantic Financial Management Inc. ADV purchased a new position in Eastman Kodak during the 2nd quarter valued at about $59,000. Paloma Partners Management Co purchased a new position in Eastman Kodak during the 2nd quarter valued at about $191,000. Jane Street Group LLC purchased a new position in Eastman Kodak during the 2nd quarter valued at about $127,000. Finally, Quinn Opportunity Partners LLC purchased a new position in Eastman Kodak during the 2nd quarter valued at about $196,000. 50.21% of the stock is owned by institutional investors.

Eastman Kodak Company Profile

Eastman Kodak Company provides hardware, software, consumables, and services to customers in the graphic arts, commercial print, publishing, electronic displays, entertainment and commercial films, and consumer products markets worldwide. The company operates in six segments: Print Systems, Enterprise Inkjet Systems, Software and Solutions, Consumer and Film, Advanced Materials and 3D Printing Technology, and Eastman Business Park.

Recommended Story: Stock Split

To view ValuEngine’s full report, visit ValuEngine’s official website.

Receive News & Ratings for Eastman Kodak Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Eastman Kodak and related companies with MarketBeat.com's FREE daily email newsletter.