Eastman Kodak Company (NYSE: KODK) Not A Good Play Anymore?


    The Vanguard Group, Inc. has recently announced that it has increased stake in Eastman Kodak Company (NYSE:KODK) by 1.99%. After grabbing 1.39 million shares, the institutional investor is now in possession of 27096.0 shares of the Industrials Company. The new investment brought the stake of investor firm to 1.84% having worth around $30.38 million. Moreover, BlackRock Fund Advisors increased its share by 0.58 million to have a control over 1.04 million shares. And Bridgeway Capital Management, Inc.. raised its holdings to 60000.0 shares by acquiring 0.42 million shares or 0.56% of the stake.

    Eastman Kodak Company (KODK) concluded trading on 08/26/20 at a closing price of $6.31, with 11.75 million shares of worth about $74.14 million changed hands on the day. Weekly performance of the stock remained negative as price took a plunge of -19.00% during that period and on Wednesday the price saw a loss of about -6.66%. Currently the company’s common shares owned by public are about 75.68M shares, out of which, 61.17M shares are available for trading.

    Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $1.00 and could fall to a lowest price of $1.00. However, touching the estimated high of $1.00 would mean a loss of -531.0% for the stock.

    According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 48 times over the past 12 months. They bought 6,335,941 shares in 36 of the transactions. In 12 selling transactions, insiders dumped 427,798 shares.

    Longleaf Partners Small Cap Fund, Vanguard Total Stock Market Index, and iShares Russell 2000 ETF are the top 3 mutual funds which are holding stakes in Eastman Kodak Company Longleaf Partners Small Cap Fund is currently holding 4.0 million shares of worth totaling $87.4 million. The company recently came buying 0.0 shares which brought its stake up to 5.29% of the company’s outstanding shares. iShares Russell 2000 ETF, after selling 0.3 million shares, have now control over 0.68% of the stake in the company. It holds 14042.0 shares of worth $6.54 million.

    Eastman Kodak Company (NYSE: KODK) started trading at $6.75, below -$0.01 from concluding price of the previous day. However, the stock finished the trading on the day at a closing price of $6.31, or with a loss of -6.66%. Stock saw a price change of -19.00% in past 5 days and over the past one month there was a price change of -20.53%. Year-to-date (YTD), KODK shares are showing a performance of 35.70% which increased to 173.16% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $1.50 but also hit the highest price of $60.00 during that period. While comparing its average daily trading volume of 18.49 million shares, we see that about 11.75 million changed hands on the day. The stock is currently trading -51.36% below its 20-day simple moving average (SMA20), while that difference is down -4.91% for SMA50 and it goes to 69.56% higher than SMA200.

    The Vanguard Group, Inc. acquired 1.39 million shares of Eastman Kodak Company having value of about $30.38 million. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 27096.0 shares in the company valued at close to $170975.76, or have control over 1.99% stake in the company. Eastman Kodak Company (NYSE: KODK) currently have 75.68M outstanding shares and institutions hold larger chunk of about 14.60% of that. Holding of mutual funds in the company is about 4.52% while other institutional holders and individual stake holders have control over 54.81% and 10.74% of the stake respectively.

    The stock has a current market capitalization of $497.16M and its 3Y-monthly beta is at 6.32. It has posted earnings per share of -$4.85 in the same period. It has Quick Ratio of 1.30. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for KODK, volatility over the week remained 14.39% while standing at 35.63% over the month.

    Analysts are in expectations that Eastman Kodak Company (KODK) stock would likely to be making an EPS of $0 in the current quarter, while forecast for next quarter ESPS is $0 and it is $0 for next year. For the current quarter EPS, analysts have given the company a lowest target $0 which is $0 at the higher side of the target for the same. Stock’s fiscal year EPS is expected to drop by -280.10%. EPS is likely to shrink at an annualized rate of -12.00% for next 5-years, compared to annual growth of 3.30% made by the stock over the past 5-years.


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