Eastman Kodak (NYSE:KODK) Rating Increased to Buy at ValuEngine

ValuEngine upgraded shares of Eastman Kodak (NYSE:KODK) from a hold rating to a buy rating in a report published on Friday, November 8th, ValuEngine reports.

Shares of KODK traded down $0.02 on Friday, reaching $2.49. The stock had a trading volume of 51,866 shares, compared to its average volume of 186,333. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.29 and a current ratio of 1.94. The firm has a 50-day moving average of $2.56 and a 200 day moving average of $2.47. Eastman Kodak has a twelve month low of $1.87 and a twelve month high of $3.87.

In related news, major shareholder Blackstone Group Inc sold 8,875,211 shares of the company’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $2.50, for a total value of $22,188,027.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman James V. Continenza bought 53,263 shares of Eastman Kodak stock in a transaction that occurred on Wednesday, November 27th. The stock was bought at an average cost of $2.45 per share, for a total transaction of $130,494.35. Following the purchase, the chairman now owns 153,263 shares in the company, valued at approximately $375,494.35. The disclosure for this purchase can be found here. 19.10% of the stock is currently owned by corporate insiders.

Institutional investors have recently modified their holdings of the business. Tower Research Capital LLC TRC lifted its stake in shares of Eastman Kodak by 122.0% during the 3rd quarter. Tower Research Capital LLC TRC now owns 20,360 shares of the technology company’s stock worth $54,000 after purchasing an additional 11,188 shares during the period. ARK Investment Management LLC lifted its stake in shares of Eastman Kodak by 37.4% during the 2nd quarter. ARK Investment Management LLC now owns 20,712 shares of the technology company’s stock worth $50,000 after purchasing an additional 5,643 shares during the period. Mid Atlantic Financial Management Inc. ADV purchased a new position in shares of Eastman Kodak during the 2nd quarter worth $59,000. Eidelman Virant Capital purchased a new position in shares of Eastman Kodak during the 2nd quarter worth $72,000. Finally, Jane Street Group LLC purchased a new position in shares of Eastman Kodak during the 2nd quarter worth $127,000. 44.58% of the stock is currently owned by institutional investors.

About Eastman Kodak

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.

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