Wells Fargo & Company MN reduced its holdings in Eastman Kodak (NYSE:KODK - Free Report) by 24.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 439,286 shares of the technology company's stock after selling 143,658 shares during the quarter. Wells Fargo & Company MN owned about 0.55% of Eastman Kodak worth $2,886,000 at the end of the most recent quarter.
Several other hedge funds have also recently made changes to their positions in the business. Commonwealth Equity Services LLC bought a new stake in Eastman Kodak in the fourth quarter valued at $67,000. Trexquant Investment LP bought a new position in Eastman Kodak in the fourth quarter worth about $74,000. AXQ Capital LP purchased a new stake in Eastman Kodak in the fourth quarter worth about $92,000. LPL Financial LLC boosted its position in Eastman Kodak by 27.6% during the 4th quarter. LPL Financial LLC now owns 18,337 shares of the technology company's stock valued at $120,000 after acquiring an additional 3,968 shares in the last quarter. Finally, ARK Investment Management LLC boosted its position in Eastman Kodak by 9.7% during the 4th quarter. ARK Investment Management LLC now owns 19,218 shares of the technology company's stock valued at $126,000 after acquiring an additional 1,692 shares in the last quarter. 33.65% of the stock is owned by hedge funds and other institutional investors.
Eastman Kodak Trading Up 1.8 %
KODK opened at $6.23 on Thursday. 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 has a 52 week low of $4.26 and a 52 week high of $8.24. The stock has a market cap of $503.17 million, a PE ratio of 8.90 and a beta of 3.67. The business has a 50 day moving average of $6.48 and a 200-day moving average of $6.32.
Eastman Kodak (NYSE:KODK - Get Free Report) last announced its quarterly earnings data on Monday, March 17th. The technology company reported $0.23 earnings per share for the quarter. Eastman Kodak had a net margin of 7.70% and a return on equity of 8.47%. The business had revenue of $266.00 million for the quarter.
Eastman Kodak Company Profile
(
Free Report)
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.
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