211,200 Shares in Kopin Co. (NASDAQ:KOPN) Bought by OMERS ADMINISTRATION Corp

OMERS ADMINISTRATION Corp bought a new stake in Kopin Co. (NASDAQ:KOPN - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 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.

Several other institutional investors also recently bought and sold shares of the business. Victory Capital Management Inc. bought a new position in Kopin in the fourth quarter worth about $25,000. One68 Global Capital LLC bought a new stake in Kopin in the fourth quarter valued at about $30,000. Prudential Financial Inc. bought a new stake in Kopin during the fourth quarter worth about $37,000. Tower Research Capital LLC TRC grew its stake in shares of 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. Finally, Penbrook Management LLC bought a new stake in shares of Kopin during the fourth quarter valued at approximately $66,000. 30.96% of the stock is currently owned by institutional investors and hedge funds.

Kopin Stock Performance

Kopin stock traded down $0.03 during mid-day trading on Friday, reaching $1.35. The company's stock had a trading volume of 1,577,370 shares, compared to its average volume of 2,386,350. The company has a market capitalization of $219.78 million, a price-to-earnings ratio of -3.29 and a beta of 3.16. Kopin Co. has a 12 month low of $0.56 and a 12 month high of $2.17. The business's 50 day simple moving average is $1.16 and its 200 day simple moving average is $1.28.

Kopin (NASDAQ:KOPN - Get Free Report) last issued its earnings results on Thursday, April 17th. The company reported ($0.01) EPS for the quarter, meeting the consensus estimate of ($0.01). The company had revenue of $14.65 million during the quarter, compared to analysts' expectations 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 in the previous year, the company earned ($0.04) EPS. As a group, sell-side analysts expect that Kopin Co. will post -0.14 EPS for the current year.

Wall Street Analyst Weigh In

KOPN has been the topic of several analyst reports. Wall Street Zen lowered shares of Kopin from a "hold" rating to a "sell" rating in a report on Thursday. Canaccord Genuity Group dropped their price objective on shares of 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 given a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus 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.