38,185 Shares in Eastman Kodak (NYSE:KODK) Acquired by Franklin Resources Inc.

Franklin Resources Inc. purchased a new stake in Eastman Kodak (NYSE:KODK) during the third quarter, according to the company in its most recent filing with the SEC. The firm purchased 38,185 shares of the technology company’s stock, valued at approximately $180,000.

Other institutional investors also recently made changes to their positions in the company. BNP Paribas Financial Markets grew its holdings in shares of Eastman Kodak by 21.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 12,607 shares of the technology company’s stock worth $60,000 after purchasing an additional 2,210 shares during the period. Allspring Global Investments Holdings LLC acquired a new position in Eastman Kodak during the third quarter valued at approximately $25,000. Rhumbline Advisers grew its stake in Eastman Kodak by 6.4% during the second quarter. Rhumbline Advisers now owns 99,260 shares of the technology company’s stock worth $534,000 after buying an additional 5,988 shares during the period. Creative Planning increased its position in shares of Eastman Kodak by 25.8% in the third quarter. Creative Planning now owns 32,140 shares of the technology company’s stock worth $152,000 after acquiring an additional 6,593 shares in the last quarter. Finally, Tennessee Valley Asset Management Partners raised its stake in shares of Eastman Kodak by 43.8% in the 2nd quarter. Tennessee Valley Asset Management Partners now owns 23,000 shares of the technology company’s stock valued at $124,000 after acquiring an additional 7,000 shares during the period. 33.65% of the stock is owned by hedge funds and other institutional investors.

Eastman Kodak Stock Up 2.3 %

Shares of Eastman Kodak stock opened at $6.72 on Friday. Eastman Kodak has a twelve month low of $3.33 and a twelve month high of $7.74. The stock has a market cap of $540.29 million, a price-to-earnings ratio of 9.60 and a beta of 3.73. 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 company has a fifty day moving average price of $6.12 and a 200 day moving average price of $5.49.

Eastman Kodak (NYSE:KODK) last issued its earnings results on Tuesday, November 12th. The technology company reported $0.15 earnings per share for the quarter. The company had revenue of $261.00 million during the quarter. Eastman Kodak had a return on equity of 8.47% and a net margin of 7.70%.

Insiders Place Their Bets

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

Eastman Kodak Company 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.