Southeastern Asset Management increased stake in Eastman Kodak Company

© Reuters. Southeastern Asset Management increased stake in Eastman Kodak Company

On the 30th of September, Southeastern Asset Management added 9.1 million Eastman Kodak Company (KODK) shares for $80 million at an average price of $8.82 per share.
Shares of Eastman Kodak Company are up 0.45% since the transaction.

Southeastern Asset Management’s holding in Eastman Kodak Company increased to about 14 million shares with the purchase.

Southeastern Asset Management first bought Eastman Kodak Company stock in the third quarter of 2016.

Contrary to Southeastern Asset Management, Millennium Management and Victory Capital Management sold all their KODK shares.

Southeastern Asset Management also sold all their shares in Dillards Inc (DDS).
This asset alone constituted 1.7% of their pre-sale portfolio.
Southeastern Asset Management also reduced their share in PotlatchDeltic Corporation (NASDAQ:) and Realogy Holdings Corp (RLGY).
The total value of the shares sold is estimated at around $276 million.

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