Eastman Kodak (NYSE:KODK) Stock Position Reduced by Royce & Associates LP

Royce & Associates LP cut its stake in shares of Eastman Kodak (NYSE:KODK) by 56.4% during the fourth quarter, HoldingsChannel.com reports. The firm owned 409,974 shares of the technology company’s stock after selling 530,360 shares during the period. Royce & Associates LP’s holdings in Eastman Kodak were worth $2,694,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in KODK. Victory Capital Management Inc. bought a new stake in Eastman Kodak in the third quarter worth approximately $635,000. JPMorgan Chase & Co. grew its position in Eastman Kodak by 75.3% in the third quarter. JPMorgan Chase & Co. now owns 222,065 shares of the technology company’s stock worth $1,048,000 after acquiring an additional 95,402 shares in the last quarter. Geode Capital Management LLC grew its position in Eastman Kodak by 3.9% in the third quarter. Geode Capital Management LLC now owns 1,528,671 shares of the technology company’s stock worth $7,217,000 after acquiring an additional 57,487 shares in the last quarter. First Eagle Investment Management LLC bought a new stake in Eastman Kodak in the fourth quarter worth approximately $2,138,000. Finally, Empowered Funds LLC grew its position in Eastman Kodak by 22.0% in the fourth quarter. Empowered Funds LLC now owns 417,758 shares of the technology company’s stock worth $2,745,000 after acquiring an additional 75,298 shares in the last quarter. 33.65% of the stock is owned by hedge funds and other institutional investors.

Eastman Kodak Price Performance

NYSE KODK opened at $6.51 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. The company has a fifty day simple moving average of $7.09 and a 200 day simple moving average of $6.12. The company has a market cap of $523.00 million, a P/E ratio of 9.29 and a beta of 3.75. Eastman Kodak has a 1 year low of $4.26 and a 1 year high of $8.24.

Eastman Kodak (NYSE:KODK) last posted its quarterly earnings data on Monday, March 17th. The technology company reported $0.23 earnings per share (EPS) for the quarter. The business had revenue of $266.00 million during the quarter. Eastman Kodak had a net margin of 7.70% and a return on equity of 8.47%.

Eastman Kodak 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.