Empowered Funds LLC Has $2.75 Million Stake in Eastman Kodak (NYSE:KODK)

Empowered Funds LLC lifted its position in shares of Eastman Kodak (NYSE:KODK) by 22.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 417,758 shares of the technology company’s stock after purchasing an additional 75,298 shares during the period. Empowered Funds LLC owned 0.52% of Eastman Kodak worth $2,745,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in KODK. BNP Paribas Financial Markets increased its position in Eastman Kodak by 21.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 12,607 shares of the technology company’s stock worth $60,000 after buying an additional 2,210 shares during the period. Allspring Global Investments Holdings LLC acquired a new position in shares of Eastman Kodak in the third quarter valued at about $25,000. Creative Planning increased its position in Eastman Kodak by 25.8% during the third quarter. Creative Planning now owns 32,140 shares of the technology company’s stock worth $152,000 after acquiring an additional 6,593 shares during the period. SG Americas Securities LLC raised its stake in Eastman Kodak by 41.6% in the 4th quarter. SG Americas Securities LLC now owns 32,018 shares of the technology company’s stock worth $210,000 after purchasing an additional 9,409 shares in the last quarter. Finally, Intech Investment Management LLC bought a new stake in Eastman Kodak in the 3rd quarter valued at about $62,000. 33.65% of the stock is owned by institutional investors and hedge funds.

Eastman Kodak Stock Up 6.9 %

Shares of KODK opened at $8.02 on Friday. The company has a current ratio of 2.41, a quick ratio of 1.51 and a debt-to-equity ratio of 0.47. Eastman Kodak has a 12 month low of $3.37 and a 12 month high of $8.24. The firm’s 50 day moving average is $7.00 and its 200-day moving average is $5.79. The stock has a market capitalization of $644.41 million, a PE ratio of 11.45 and a beta of 3.66.

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

Insider Transactions at Eastman Kodak

In other Eastman Kodak news, Director Philippe D. Katz bought 6,000 shares of Eastman Kodak stock in a transaction on Wednesday, December 11th. The shares were purchased at an average price of $6.50 per share, with a total value of $39,000.00. Following the acquisition, the director now owns 170,026 shares in the company, valued at $1,105,169. This trade represents a 3.66 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Michael Sileck purchased 10,000 shares of the stock in a transaction dated Thursday, December 19th. The shares were acquired at an average cost of $7.02 per share, with a total value of $70,200.00. Following the acquisition, the director now directly owns 107,940 shares in the company, valued at $757,738.80. This represents a 10.21 % increase in their position. The disclosure for this purchase can be found here. 23.86% of the stock is currently owned by insiders.

Eastman Kodak Company Profile

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.