Brandywine Global Investment Management LLC Sells 11,490 Shares of Eastman Kodak (NYSE:KODK)

Brandywine Global Investment Management LLC reduced its position in Eastman Kodak (NYSE:KODK) by 4.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 269,600 shares of the technology company’s stock after selling 11,490 shares during the quarter. Brandywine Global Investment Management LLC’s holdings in Eastman Kodak were worth $1,771,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. Intech Investment Management LLC purchased a new stake in Eastman Kodak in the third quarter worth approximately $62,000. Quantbot Technologies LP bought a new stake in Eastman Kodak in the 3rd quarter worth $68,000. BNP Paribas Financial Markets increased its holdings in Eastman Kodak by 21.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 12,607 shares of the technology company’s stock valued at $60,000 after purchasing an additional 2,210 shares during the period. State Street Corp increased its stake in shares of Eastman Kodak by 1.1% during the third quarter. State Street Corp now owns 1,956,101 shares of the technology company’s stock valued at $9,233,000 after buying an additional 20,731 shares during the period. Finally, Barclays PLC raised its holdings in Eastman Kodak by 277.6% in 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 in the last quarter. 33.65% of the stock is currently owned by institutional investors.

Eastman Kodak Stock Performance

Shares of KODK opened at $6.27 on Thursday. Eastman Kodak has a one year low of $4.26 and a one year high of $8.24. The firm has a market capitalization of $505.36 million, a PE ratio of 8.96 and a beta of 3.66. The company has a 50-day simple moving average of $6.98 and a two-hundred day simple moving average of $6.21. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.41 and a quick ratio of 1.51.

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

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.