Renaissance Technologies LLC Cuts Position in Eastman Kodak Company $KODK

Renaissance Technologies LLC cut its holdings in Eastman Kodak Company (NYSE:KODK) by 85.8% in the 1st quarter, HoldingsChannel.com reports. The fund owned 27,590 shares of the technology company’s stock after selling 166,755 shares during the period. Renaissance Technologies LLC’s holdings in Eastman Kodak were worth $250,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. BNP Paribas Financial Markets lifted its holdings in Eastman Kodak by 78.2% during the second quarter. BNP Paribas Financial Markets now owns 6,207 shares of the technology company’s stock worth $35,000 after acquiring an additional 2,723 shares during the period. Farther Finance Advisors LLC boosted its position in Eastman Kodak by 2,394.0% in the fourth quarter. Farther Finance Advisors LLC now owns 7,033 shares of the technology company’s stock worth $59,000 after purchasing an additional 6,751 shares during the last quarter. Headlands Technologies LLC bought a new position in Eastman Kodak in the 2nd quarter valued at $45,000. Tower Research Capital LLC TRC grew its stake in Eastman Kodak by 239.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 8,075 shares of the technology company’s stock valued at $46,000 after purchasing an additional 5,698 shares during the period. Finally, Kemnay Advisory Services Inc. purchased a new stake in shares of Eastman Kodak during the 4th quarter valued at $71,000. 33.65% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on KODK shares. Weiss Ratings upgraded Eastman Kodak from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday, August 11th. Wall Street Zen upgraded shares of Eastman Kodak from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Eastman Kodak has a consensus rating of “Sell”.

Eastman Kodak Stock Performance

NYSE:KODK opened at $9.70 on Thursday. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.91 and a quick ratio of 1.95. The business has a fifty day simple moving average of $8.95 and a two-hundred day simple moving average of $9.33. Eastman Kodak Company has a 1 year low of $5.73 and a 1 year high of $14.87. The company has a market capitalization of $949.73 million, a P/E ratio of -6.98 and a beta of 1.56.

Eastman Kodak (NYSE:KODK) last issued its earnings results on Tuesday, August 4th. The technology company reported $0.13 earnings per share (EPS) for the quarter. Eastman Kodak had a negative return on equity of 14.47% and a negative net margin of 8.28%.The firm had revenue of $311.00 million for the quarter.

Eastman Kodak Profile

Eastman Kodak Company (NYSE: KODK) is a global technology firm specializing in imaging, printing and advanced materials. The company offers a wide array of products and services that enable customers to create, manage and share visual content across traditional and digital platforms. Its core offerings include graphic communications solutions, enterprise inkjet systems, packaging technologies, functional printing and micro 3D printing systems.

Kodak’s graphic communications segment serves commercial printers, packaging converters and publishing houses with offset plates, digital presses, workflow software and services designed to streamline production.