Eastman Kodak (NYSE:KODK) Trading 7.4% Higher - Time to Buy?

Eastman Kodak (NYSE:KODK - Get Free Report) was up 7.4% during mid-day trading on Thursday . The company traded as high as $8.12 and last traded at $8.22. Approximately 731,200 shares traded hands during trading, a decline of 40% from the average daily volume of 1,226,391 shares. The stock had previously closed at $7.66.

Eastman Kodak Price Performance

The company has a 50 day moving average of $6.97 and a 200 day moving average of $5.75. The company has a quick ratio of 1.51, a current ratio of 2.41 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $597.77 million, a price-to-earnings ratio of 10.62 and a beta of 3.66.

Eastman Kodak (NYSE:KODK - Get Free Report) last released its earnings results on Tuesday, November 12th. The technology company reported $0.15 earnings per share (EPS) for the quarter. The firm 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%.

Insider Activity

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

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. First Eagle Investment Management LLC bought a new stake in shares of Eastman Kodak during the 4th quarter worth about $2,138,000. Commonwealth Equity Services LLC acquired a new stake in Eastman Kodak during the fourth quarter worth $67,000. Cobblestone Capital Advisors LLC NY raised its stake in shares of Eastman Kodak by 49.7% in the 4th quarter. Cobblestone Capital Advisors LLC NY now owns 30,140 shares of the technology company's stock valued at $198,000 after buying an additional 10,000 shares in the last quarter. ARK Investment Management LLC lifted its holdings in shares of Eastman Kodak by 9.7% during the 4th quarter. ARK Investment Management LLC now owns 19,218 shares of the technology company's stock worth $126,000 after acquiring an additional 1,692 shares during the period. Finally, Sanctuary Advisors LLC bought a new stake in Eastman Kodak in the fourth quarter valued at about $475,000. 33.65% of the stock is owned by institutional investors and hedge funds.

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.