Eastman Kodak (NYSE:KODK) Stock Position Decreased by Bank of New York Mellon Corp

Bank of New York Mellon Corp trimmed its stake in Eastman Kodak (NYSE:KODK - Free Report) by 48.3% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 168,434 shares of the technology company's stock after selling 157,084 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.21% of Eastman Kodak worth $1,107,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of KODK. Victory Capital Management Inc. acquired a new stake in Eastman Kodak in the 3rd quarter valued at approximately $635,000. JPMorgan Chase & Co. grew its stake in shares of 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 purchasing an additional 95,402 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Eastman Kodak by 3.9% during the third quarter. Geode Capital Management LLC now owns 1,528,671 shares of the technology company's stock valued at $7,217,000 after purchasing an additional 57,487 shares during the period. Empowered Funds LLC raised its stake in shares of Eastman Kodak by 22.0% during the fourth quarter. Empowered Funds LLC now owns 417,758 shares of the technology company's stock valued at $2,745,000 after purchasing an additional 75,298 shares in the last quarter. Finally, Barclays PLC lifted its holdings in Eastman Kodak by 277.6% in the third quarter. Barclays PLC now owns 79,094 shares of the technology company's stock worth $373,000 after purchasing an additional 58,150 shares during the period. Institutional investors and hedge funds own 33.65% of the company's stock.

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Eastman Kodak Price Performance

Eastman Kodak stock traded down $0.29 during trading hours on Friday, hitting $6.21. 607,596 shares of the company traded hands, compared to its average volume of 911,282. Eastman Kodak has a 1-year low of $4.26 and a 1-year high of $8.24. The firm has a market cap of $500.69 million, a P/E ratio of 8.87 and a beta of 3.75. The firm's 50-day simple moving average is $7.07 and its two-hundred day simple moving average is $6.17. The company has a quick ratio of 1.51, a current ratio of 2.41 and a debt-to-equity ratio of 0.47.

Eastman Kodak (NYSE:KODK - Get Free Report) last posted its quarterly earnings data on Monday, March 17th. The technology company reported $0.23 EPS for the quarter. The business had revenue of $266.00 million for 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.