UBS Group AG Sells 85,938 Shares of Eastman Kodak Company $KODK

UBS Group AG lessened its stake in Eastman Kodak Company (NYSE:KODK) by 18.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 385,835 shares of the technology company’s stock after selling 85,938 shares during the quarter. UBS Group AG owned approximately 0.40% of Eastman Kodak worth $3,264,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. BNP Paribas Financial Markets increased its position in shares of Eastman Kodak by 78.2% during the second quarter. BNP Paribas Financial Markets now owns 6,207 shares of the technology company’s stock valued at $35,000 after acquiring an additional 2,723 shares during the last quarter. Farther Finance Advisors LLC increased its position in shares of Eastman Kodak by 2,394.0% during the fourth quarter. Farther Finance Advisors LLC now owns 7,033 shares of the technology company’s stock valued at $59,000 after acquiring an additional 6,751 shares during the last quarter. Headlands Technologies LLC purchased a new stake in shares of Eastman Kodak during the second quarter valued at approximately $45,000. Tower Research Capital LLC TRC increased its position in shares of Eastman Kodak by 239.7% during the second quarter. Tower Research Capital LLC TRC now owns 8,075 shares of the technology company’s stock valued at $46,000 after acquiring an additional 5,698 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Eastman Kodak during the fourth quarter valued at approximately $88,000. Institutional investors own 33.65% of the company’s stock.

Eastman Kodak Stock Performance

NYSE:KODK opened at $9.81 on Monday. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.53 and a quick ratio of 1.71. The business has a fifty day simple moving average of $10.73 and a two-hundred day simple moving average of $8.79. Eastman Kodak Company has a 1 year low of $4.94 and a 1 year high of $14.87. The company has a market capitalization of $957.85 million, a P/E ratio of -5.22 and a beta of 1.66.

Eastman Kodak (NYSE:KODK) last released its earnings results on Thursday, May 7th. The technology company reported ($0.21) earnings per share (EPS) for the quarter. Eastman Kodak had a negative return on equity of 21.13% and a negative net margin of 12.60%.The firm had revenue of $265.00 million during the quarter.

Wall Street Analyst Weigh In

KODK has been the subject of a number of research analyst reports. Weiss Ratings raised Eastman Kodak from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, May 13th. Wall Street Zen downgraded Eastman Kodak from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. One analyst has rated the stock with a Hold rating, According to MarketBeat, the stock presently has a consensus rating of “Hold”.

About Eastman Kodak

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.