OMERS ADMINISTRATION Corp Makes New $287,000 Investment in Kopin Co. (NASDAQ:KOPN)

OMERS ADMINISTRATION Corp purchased a new position in Kopin Co. (NASDAQ:KOPN - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 211,200 shares of the company's stock, valued at approximately $287,000. OMERS ADMINISTRATION Corp owned approximately 0.13% of Kopin as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also bought and sold shares of the business. Victory Capital Management Inc. bought a new position in shares of Kopin in the 4th quarter valued at about $25,000. One68 Global Capital LLC bought a new position in shares of Kopin in the 4th quarter valued at about $30,000. Prudential Financial Inc. bought a new position in shares of Kopin in the 4th quarter valued at about $37,000. Tower Research Capital LLC TRC lifted its holdings in shares of Kopin by 271.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 30,530 shares of the company's stock valued at $42,000 after acquiring an additional 22,316 shares during the last quarter. Finally, Penbrook Management LLC bought a new position in shares of Kopin in the 4th quarter valued at about $66,000. Hedge funds and other institutional investors own 30.96% of the company's stock.

Wall Street Analyst Weigh In

KOPN has been the topic 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 on the stock in a research report on Monday, April 21st. StockNews.com lowered shares of Kopin from a "hold" rating to a "sell" rating in a research report on Tuesday, May 13th. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, Kopin currently has an average rating of "Moderate Buy" and an average target price of $2.56.

Kopin Stock Performance

Shares of NASDAQ:KOPN opened at $1.38 on Tuesday. The firm has a market cap of $224.66 million, a PE ratio of -3.37 and a beta of 3.16. The firm's 50 day simple moving average is $1.16 and its 200-day simple moving average is $1.26. Kopin Co. has a one year low of $0.56 and a one year high of $2.17.

Kopin (NASDAQ:KOPN - Get Free Report) last issued its earnings results 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 net margin of 109.38% and a negative return on equity of 165.86%. During the same period last 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.

Kopin Company 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.

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