Eastman Kodak (NYSE:KODK) Hits New 12-Month High – Should You Buy?

Eastman Kodak (NYSE:KODK)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $7.89 and last traded at $7.83, with a volume of 284897 shares. The stock had previously closed at $7.69.

Eastman Kodak Stock Performance

The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.51 and a current ratio of 2.41. The company has a 50 day moving average price of $6.93 and a 200 day moving average price of $5.71. The company has a market capitalization of $619.48 million, a PE ratio of 10.99 and a beta of 3.66.

Eastman Kodak (NYSE:KODK) last announced its quarterly earnings results on Tuesday, November 12th. The technology company reported $0.15 earnings per share (EPS) for the quarter. The business had revenue of $261.00 million during the quarter. Eastman Kodak had a return on equity of 8.47% and a net margin of 7.70%.

Insider Activity at Eastman Kodak

In related news, Director Philippe D. Katz acquired 6,000 shares of the firm’s stock in a transaction on Wednesday, December 11th. The stock was purchased at an average cost of $6.50 per share, with a total value of $39,000.00. Following the acquisition, the director now owns 170,026 shares of the company’s stock, valued at approximately $1,105,169. This trade represents a 3.66 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Michael Sileck bought 10,000 shares of Eastman Kodak stock in a transaction dated Thursday, December 19th. The stock was acquired at an average cost of $7.02 per share, with a total value of $70,200.00. Following the completion of the acquisition, the director now owns 107,940 shares of the company’s stock, valued at $757,738.80. This represents a 10.21 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 23.86% of the company’s stock.

Institutional Trading of Eastman Kodak

Hedge funds have recently made changes to their positions in the stock. ARK Investment Management LLC increased its stake in shares of Eastman Kodak by 9.7% in the 4th quarter. ARK Investment Management LLC now owns 19,218 shares of the technology company’s stock worth $126,000 after purchasing an additional 1,692 shares in the last quarter. Rhumbline Advisers lifted its holdings in shares of Eastman Kodak by 2.0% in the 4th quarter. Rhumbline Advisers now owns 98,600 shares of the technology company’s stock valued at $648,000 after acquiring an additional 1,903 shares during the last quarter. BNP Paribas Financial Markets raised its position in Eastman Kodak by 21.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 12,607 shares of the technology company’s stock worth $60,000 after purchasing an additional 2,210 shares during the period. Allspring Global Investments Holdings LLC purchased a new position in shares of Eastman Kodak during the third quarter worth approximately $25,000. Finally, Creative Planning increased its holdings in Eastman Kodak by 25.8% during the third quarter. Creative Planning now owns 32,140 shares of the technology company’s stock valued at $152,000 after buying an additional 6,593 shares during the period. 33.65% of the stock is owned by institutional investors.

About Eastman Kodak

Eastman Kodak Company engages in the provision of hardware, software, consumables, and services to customers in the commercial print, packaging, publishing, manufacturing, and entertainment markets worldwide. The company operates through three segments: Print, Advanced Materials and Chemicals, and Brand.