First Eagle Investment Management LLC Invests $2.14 Million in Eastman Kodak (NYSE:KODK)

First Eagle Investment Management LLC bought a new position in shares of Eastman Kodak (NYSE:KODK) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 325,432 shares of the technology company’s stock, valued at approximately $2,138,000. First Eagle Investment Management LLC owned 0.40% of Eastman Kodak at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in KODK. Victory Capital Management Inc. bought a new position in Eastman Kodak during the 3rd quarter worth $635,000. JPMorgan Chase & Co. lifted its position in shares of Eastman Kodak by 75.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 222,065 shares of the technology company’s stock worth $1,048,000 after purchasing an additional 95,402 shares during the period. Geode Capital Management LLC boosted its stake in shares of Eastman Kodak by 3.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,528,671 shares of the technology company’s stock valued at $7,217,000 after purchasing an additional 57,487 shares during the last quarter. Empowered Funds LLC increased its position in shares of Eastman Kodak by 22.0% during 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 during the period. Finally, Barclays PLC lifted its holdings in Eastman Kodak by 277.6% in the third quarter. Barclays PLC now owns 79,094 shares of the technology company’s stock valued at $373,000 after buying an additional 58,150 shares during the period. 33.65% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director Michael Sileck purchased 10,000 shares of Eastman Kodak stock in a transaction on Thursday, December 19th. The stock was acquired at an average cost of $7.02 per share, for a total transaction of $70,200.00. Following the completion of the acquisition, the director now owns 107,940 shares of the company’s stock, valued at $757,738.80. This trade represents a 10.21 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. 23.86% of the stock is currently owned by insiders.

Eastman Kodak Stock Performance

Shares of Eastman Kodak stock opened at $6.98 on Monday. The company has a market cap of $560.79 million, a P/E ratio of 9.96 and a beta of 3.75. 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 business has a 50-day moving average price of $7.06 and a two-hundred day moving average price of $6.09. Eastman Kodak has a 1-year low of $4.26 and a 1-year high of $8.24.

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.