Empowered Funds LLC Has $2.75 Million Stock Holdings in Eastman Kodak (NYSE:KODK)

Empowered Funds LLC increased its position in Eastman Kodak (NYSE:KODK) by 22.0% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 417,758 shares of the technology company’s stock after acquiring an additional 75,298 shares during the quarter. Empowered Funds LLC’s holdings in Eastman Kodak were worth $2,745,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Victory Capital Management Inc. acquired a new position in Eastman Kodak in the 3rd quarter valued at approximately $635,000. JPMorgan Chase & Co. increased its holdings in Eastman Kodak by 75.3% in the third quarter. JPMorgan Chase & Co. now owns 222,065 shares of the technology company’s stock valued at $1,048,000 after purchasing an additional 95,402 shares during the period. Geode Capital Management LLC raised its position 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 purchasing an additional 57,487 shares during the last quarter. Barclays PLC raised its position in Eastman Kodak by 277.6% during the 3rd quarter. Barclays PLC now owns 79,094 shares of the technology company’s stock worth $373,000 after purchasing an additional 58,150 shares during the last quarter. Finally, State Street Corp lifted its holdings in 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 buying an additional 20,731 shares during the period. Institutional investors own 33.65% of the company’s stock.

Insider Activity

In other news, Director Michael Sileck bought 10,000 shares of the company’s stock in a transaction that occurred on Thursday, December 19th. The shares were acquired at an average price of $7.02 per share, for a total transaction of $70,200.00. Following the completion of the acquisition, 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 document filed with the SEC, which is available at this link. Also, Director Philippe D. Katz purchased 6,000 shares of the business’s stock in a transaction on Wednesday, December 11th. The shares were purchased 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 of the company’s stock, valued at approximately $1,105,169. The trade was a 3.66 % increase in their position. The disclosure for this purchase can be found here. Insiders own 23.86% of the company’s stock.

Eastman Kodak Trading Up 6.9 %

Shares of KODK stock opened at $8.02 on Friday. Eastman Kodak has a 1-year low of $3.37 and a 1-year high of $8.24. The company has a current ratio of 2.41, a quick ratio of 1.51 and a debt-to-equity ratio of 0.47. The stock has a market cap of $644.41 million, a price-to-earnings ratio of 11.45 and a beta of 3.66. The stock has a 50-day moving average of $7.00 and a 200-day moving average of $5.79.

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

Eastman Kodak Profile

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.