Prudential Financial Inc. Trims Holdings in Eastman Kodak (NYSE:KODK)

Prudential Financial Inc. lowered its holdings in Eastman Kodak (NYSE:KODK) by 13.4% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 189,080 shares of the technology company’s stock after selling 29,300 shares during the period. Prudential Financial Inc.’s holdings in Eastman Kodak were worth $1,242,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. First Eagle Investment Management LLC purchased a new stake in Eastman Kodak in the fourth quarter worth $2,138,000. JPMorgan Chase & Co. boosted its stake in shares of Eastman Kodak by 75.3% during the 3rd 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 in the last quarter. Vanguard Group Inc. boosted its stake in shares of Eastman Kodak by 2.2% during the 4th quarter. Vanguard Group Inc. now owns 3,997,389 shares of the technology company’s stock valued at $26,263,000 after purchasing an additional 87,402 shares in the last quarter. Empowered Funds LLC raised its stake in Eastman Kodak by 22.0% in the fourth quarter. Empowered Funds LLC now owns 417,758 shares of the technology company’s stock worth $2,745,000 after buying an additional 75,298 shares in the last quarter. Finally, Sanctuary Advisors LLC purchased a new stake in Eastman Kodak in the fourth quarter worth about $475,000. 33.65% of the stock is currently owned by institutional investors.

Eastman Kodak Stock Down 5.8 %

KODK stock opened at $5.31 on Monday. Eastman Kodak has a fifty-two week low of $4.26 and a fifty-two week high of $8.24. The company has a market capitalization of $427.58 million, a price-to-earnings ratio of 7.58 and a beta of 3.66. The business’s 50 day moving average price is $6.91 and its two-hundred day moving average price is $6.23. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.51 and a current ratio of 2.41.

Eastman Kodak (NYSE:KODK) last issued its quarterly earnings results on Monday, March 17th. The technology company reported $0.23 earnings per share for the quarter. The company had revenue of $266.00 million for the quarter. Eastman Kodak had a return on equity of 8.47% and a net margin of 7.70%.

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.