Eastman Kodak (NYSE:KODK) Stock Price Down 3.3% - Should You Sell?

Eastman Kodak (NYSE:KODK - Get Free Report)'s share price was down 3.3% during mid-day trading on Friday . The company traded as low as $7.12 and last traded at $7.09. Approximately 327,248 shares changed hands during mid-day trading, a decline of 72% from the average daily volume of 1,173,605 shares. The stock had previously closed at $7.33.

Eastman Kodak Price Performance

The company has a 50 day moving average price of $6.47 and a 200 day moving average price of $5.57. The company has a market capitalization of $584.91 million, a price-to-earnings ratio of 10.39 and a beta of 3.70. 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 (NYSE:KODK - Get Free Report) last issued its quarterly earnings data 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%.

Insiders Place Their Bets

In related news, Director Michael Sileck purchased 10,000 shares of Eastman Kodak stock in a transaction that occurred on Thursday, December 19th. The stock was purchased at an average cost of $7.02 per share, with a total value of $70,200.00. Following the completion of the transaction, 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 purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Philippe D. Katz purchased 6,000 shares of the stock in a transaction on Wednesday, December 11th. The shares were bought at an average cost of $6.50 per share, for a total transaction of $39,000.00. Following the transaction, 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 ownership of the stock. The disclosure for this purchase can be found here. Insiders own 23.86% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP grew its holdings 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 buying an additional 659,991 shares in the last quarter. State Street Corp grew its holdings in shares of Eastman Kodak by 1.1% during the 3rd quarter. State Street Corp now owns 1,956,101 shares of the technology company's stock worth $9,233,000 after purchasing an additional 20,731 shares in the last quarter. Geode Capital Management LLC increased its position in shares of 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 purchasing an additional 57,487 shares during the period. Royce & Associates LP raised its stake in Eastman Kodak by 7.4% in the third quarter. Royce & Associates LP now owns 940,334 shares of the technology company's stock valued at $4,438,000 after purchasing an additional 64,680 shares in the last quarter. Finally, AQR Capital Management LLC lifted its position in Eastman Kodak by 2.1% during the second quarter. AQR Capital Management LLC now owns 826,827 shares of the technology company's stock worth $4,448,000 after purchasing an additional 16,693 shares during the period. 33.65% of the stock is currently owned by institutional investors.

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.