301,000 Shares in Kopin Co. (NASDAQ:KOPN) Acquired by 683 Capital Management LLC

683 Capital Management LLC bought a new stake in Kopin Co. (NASDAQ:KOPN - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 301,000 shares of the company's stock, valued at approximately $409,000. 683 Capital Management LLC owned about 0.19% of Kopin as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Royce & Associates LP increased its stake in Kopin by 15.4% in the fourth quarter. Royce & Associates LP now owns 7,726,382 shares of the company's stock valued at $10,508,000 after acquiring an additional 1,033,088 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Kopin by 34.3% during the 4th quarter. Geode Capital Management LLC now owns 1,599,109 shares of the company's stock worth $2,175,000 after buying an additional 408,396 shares during the period. Marshall Wace LLP acquired a new stake in Kopin in the fourth quarter worth $307,000. Jane Street Group LLC acquired a new position in Kopin during the 4th quarter worth approximately $300,000. Finally, Schonfeld Strategic Advisors LLC acquired a new position in shares of Kopin during the fourth quarter worth approximately $233,000. Institutional investors own 30.96% of the company's stock.

Kopin Stock Up 7.2 %

Kopin stock traded up $0.10 during trading hours on Thursday, hitting $1.42. The stock had a trading volume of 1,672,358 shares, compared to its average volume of 2,311,685. Kopin Co. has a 12-month low of $0.56 and a 12-month high of $2.17. The stock has a market capitalization of $229.32 million, a P/E ratio of -3.45 and a beta of 3.16. The stock's 50-day moving average price is $1.14 and its 200-day moving average price is $1.22.

Kopin (NASDAQ:KOPN - Get Free Report) last posted its quarterly earnings data on Thursday, April 17th. The company reported ($0.01) earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of ($0.01). Kopin had a negative net margin of 109.38% and a negative return on equity of 165.86%. The company had revenue of $14.65 million for the quarter, compared to the consensus estimate of $11.15 million. During the same quarter last year, the firm posted ($0.04) earnings per share. On average, research analysts expect that Kopin Co. will post -0.14 EPS for the current fiscal year.

Wall Street Analyst Weigh In

KOPN has been the subject of a number of recent analyst reports. Canaccord Genuity Group reduced their price objective on shares of Kopin from $2.50 to $2.25 and set a "buy" rating for the company in a research report on Monday, April 21st. StockNews.com upgraded shares of Kopin from a "sell" rating to a "hold" rating in a research report on Friday, April 18th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $2.56.

Kopin Profile

Kopin Corporation, together with its subsidiaries, invents, develops, manufactures, and sells microdisplays, subassemblies, and related components for defense, enterprise, industrial, and consumer products in the United States, the Asia-Pacific, Europe, and internationally. It offers miniature active-matrix liquid crystal displays, liquid crystal on silicon displays/spatial light modulators, organic light emitting diode displays, microLED display technologies, application specific integrated circuits, backlights, and optical lenses; and head-mounted and hand-held VR products.