JPMorgan Chase & Co. Buys 95,402 Shares of Eastman Kodak (NYSE:KODK)

JPMorgan Chase & Co. lifted its holdings in shares of Eastman Kodak (NYSE:KODK - Free Report) by 75.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 222,065 shares of the technology company's stock after purchasing an additional 95,402 shares during the period. JPMorgan Chase & Co. owned 0.28% of Eastman Kodak worth $1,048,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Franklin Resources Inc. bought a new stake in Eastman Kodak in the third quarter valued at $180,000. Barclays PLC increased its position in Eastman Kodak by 277.6% in the 3rd quarter. Barclays PLC now owns 79,094 shares of the technology company's stock valued at $373,000 after buying an additional 58,150 shares in the last quarter. Geode Capital Management LLC raised its stake in Eastman Kodak by 3.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,528,671 shares of the technology company's stock worth $7,217,000 after buying an additional 57,487 shares during the period. State Street Corp boosted its holdings in Eastman Kodak by 1.1% in the third quarter. State Street Corp now owns 1,956,101 shares of the technology company's stock worth $9,233,000 after acquiring an additional 20,731 shares in the last quarter. Finally, Cobblestone Capital Advisors LLC NY acquired a new stake in Eastman Kodak in the third quarter valued at approximately $95,000. Institutional investors and hedge funds own 33.65% of the company's stock.

Eastman Kodak Stock Down 1.7 %

Shares of NYSE:KODK traded down $0.13 during trading on Friday, reaching $7.14. 668,539 shares of the stock were exchanged, compared to its average volume of 1,158,669. Eastman Kodak has a 1-year low of $3.35 and a 1-year high of $7.80. The stock has a fifty day moving average of $6.71 and a two-hundred day moving average of $5.64. 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 firm has a market cap of $574.30 million, a price-to-earnings ratio of 10.20 and a beta of 3.70.

Eastman Kodak (NYSE:KODK - Get Free Report) last released its quarterly earnings data on Tuesday, November 12th. The technology company reported $0.15 earnings per share for the quarter. Eastman Kodak had a net margin of 7.70% and a return on equity of 8.47%. The firm had revenue of $261.00 million for the quarter.

Insider Buying and Selling

In related news, Director Michael Sileck bought 10,000 shares of the business's stock in a transaction that occurred on Thursday, December 19th. The shares were bought at an average price of $7.02 per share, with a total value of $70,200.00. Following the completion of the transaction, the director now directly owns 107,940 shares in the company, valued at approximately $757,738.80. This represents a 10.21 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Philippe D. Katz purchased 6,000 shares of the stock in a transaction that occurred on Wednesday, December 11th. The stock was bought at an average cost of $6.50 per share, with a total value of $39,000.00. Following the completion of the transaction, the director now directly owns 170,026 shares in the company, valued at $1,105,169. The trade was a 3.66 % increase in their position. The disclosure for this purchase can be found here. 23.86% of the stock is currently owned by company insiders.

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.