Eastman Kodak (NYSE:KODK) posted its quarterly earnings results on Thursday. The technology company reported ($0.25) earnings per share (EPS) for the quarter, Morningstar.com reports. The firm had revenue of $307.00 million for the quarter. Eastman Kodak had a return on equity of 145.46% and a net margin of 15.25%.
KODK traded down $0.23 on Friday, hitting $2.25. 457,376 shares of the company were exchanged, compared to its average volume of 106,418. The business has a fifty day moving average price of $2.44. Eastman Kodak has a fifty-two week low of $2.20 and a fifty-two week high of $4.44. The firm has a market capitalization of $106.58 million, a price-to-earnings ratio of 7.52 and a beta of 2.34.
A number of institutional investors and hedge funds have recently modified their holdings of the business. California Public Employees Retirement System grew its position in Eastman Kodak by 8.8% during the 4th quarter. California Public Employees Retirement System now owns 123,204 shares of the technology company’s stock worth $314,000 after purchasing an additional 9,953 shares during the period. Geode Capital Management LLC grew its position in Eastman Kodak by 2.9% during the 4th quarter. Geode Capital Management LLC now owns 322,441 shares of the technology company’s stock worth $822,000 after purchasing an additional 8,941 shares during the period. D. E. Shaw & Co. Inc. grew its position in Eastman Kodak by 435.5% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 166,987 shares of the technology company’s stock worth $426,000 after purchasing an additional 135,801 shares during the period. Squarepoint Ops LLC acquired a new stake in Eastman Kodak during the 4th quarter worth about $39,000. Finally, Spark Investment Management LLC grew its position in Eastman Kodak by 29.4% during the 1st quarter. Spark Investment Management LLC now owns 206,700 shares of the technology company’s stock worth $611,000 after purchasing an additional 47,000 shares during the period. Institutional investors own 57.05% of the company’s stock.
Separately, ValuEngine upgraded shares of Eastman Kodak from a “hold” rating to a “buy” rating in a research report on Saturday.
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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