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

Eastman Kodak (NYSE:KODK) shares hit a new 52-week high on Tuesday . The stock traded as high as $7.80 and last traded at $7.79, with a volume of 1747647 shares traded. The stock had previously closed at $7.28.

Eastman Kodak Stock Performance

The company has a market cap of $612.41 million, a P/E ratio of 10.88 and a beta of 3.70. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.41 and a quick ratio of 1.51. The business has a 50-day moving average of $6.50 and a two-hundred day moving average of $5.59.

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

Insiders Place Their Bets

In other Eastman Kodak news, Director Philippe D. Katz bought 6,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The stock was bought at an average cost of $6.50 per share, for a total transaction of $39,000.00. Following the completion of the transaction, the director now directly 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 transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Michael Sileck purchased 10,000 shares of the business’s stock in a transaction on Thursday, December 19th. The shares were bought at an average cost of $7.02 per share, for a total transaction of $70,200.00. Following the completion of the transaction, the director now directly owns 107,940 shares in the company, valued at $757,738.80. This trade represents a 10.21 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 23.86% of the company’s stock.

Hedge Funds Weigh In On Eastman Kodak

Several large investors have recently made changes to their positions in the company. Rhumbline Advisers boosted its position in Eastman Kodak by 6.4% during the second quarter. Rhumbline Advisers now owns 99,260 shares of the technology company’s stock worth $534,000 after purchasing an additional 5,988 shares in the last quarter. American Century Companies Inc. lifted its position in shares of Eastman Kodak by 77.9% during the 2nd quarter. American Century Companies Inc. now owns 715,264 shares of the technology company’s stock valued at $3,848,000 after buying an additional 313,191 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Eastman Kodak by 49.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,007,735 shares of the technology company’s stock valued at $10,801,000 after acquiring an additional 659,991 shares during the period. XTX Topco Ltd purchased a new position in Eastman Kodak during the second quarter valued at $190,000. Finally, Marshall Wace LLP acquired a new stake in shares of Eastman Kodak in the second quarter valued at about $2,197,000. 33.65% of the stock is currently owned by institutional investors and hedge funds.

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.