Jane Street Group LLC Invests $300,000 in Kopin Co. (NASDAQ:KOPN)

Jane Street Group LLC bought a new position in Kopin Co. (NASDAQ:KOPN - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 220,479 shares of the company's stock, valued at approximately $300,000. Jane Street Group LLC owned 0.14% of Kopin as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Victory Capital Management Inc. acquired a new stake in Kopin during the fourth quarter valued at $25,000. One68 Global Capital LLC acquired a new stake in Kopin during the fourth quarter valued at $30,000. Tower Research Capital LLC TRC boosted its position in Kopin by 271.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 30,530 shares of the company's stock valued at $42,000 after purchasing an additional 22,316 shares during the last quarter. Prudential Financial Inc. acquired a new stake in Kopin during the fourth quarter valued at $37,000. Finally, SBI Securities Co. Ltd. acquired a new stake in Kopin during the fourth quarter valued at $69,000. Institutional investors and hedge funds own 30.96% of the company's stock.

Kopin Trading Down 0.7%

NASDAQ KOPN traded down $0.01 during trading on Friday, hitting $1.47. 1,811,889 shares of the company traded hands, compared to its average volume of 2,430,993. Kopin Co. has a 12 month low of $0.56 and a 12 month high of $2.17. The business has a fifty day simple moving average of $1.19 and a 200 day simple moving average of $1.31. The company has a market capitalization of $239.31 million, a P/E ratio of -3.59 and a beta of 3.16.

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

Analyst Ratings Changes

KOPN has been the subject of a number of research reports. Wall Street Zen cut Kopin from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd. Canaccord Genuity Group cut their target price on Kopin from $2.50 to $2.25 and set a "buy" rating on the stock in a report on Monday, April 21st. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the company. According to MarketBeat, Kopin currently has an average rating of "Moderate Buy" and an average target price of $2.56.

About Kopin

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.