Two Sigma Investments LP Grows Stock Holdings in Kopin Co. (NASDAQ:KOPN)

Two Sigma Investments LP boosted its holdings in shares of Kopin Co. (NASDAQ:KOPN - Free Report) by 140.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 562,037 shares of the company's stock after purchasing an additional 328,713 shares during the quarter. Two Sigma Investments LP owned about 0.35% of Kopin worth $764,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Victory Capital Management Inc. purchased a new stake in shares of Kopin in the fourth quarter valued at $25,000. One68 Global Capital LLC purchased a new stake in shares of Kopin in the fourth quarter valued at $30,000. Prudential Financial Inc. purchased a new stake in shares of Kopin in the fourth quarter valued at $37,000. Tower Research Capital LLC TRC raised its stake in shares of Kopin by 271.7% in the fourth 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 period. Finally, SBI Securities Co. Ltd. purchased a new stake in shares of Kopin in the fourth quarter valued at $69,000. Hedge funds and other institutional investors own 30.96% of the company's stock.

Kopin Trading Down 0.7%

NASDAQ KOPN opened at $1.47 on Friday. The company's 50-day moving average price is $1.19 and its 200-day moving average price is $1.31. The stock has a market cap of $239.31 million, a PE ratio of -3.59 and a beta of 2.85. Kopin Co. has a 12 month low of $0.56 and a 12 month high of $2.17.

Kopin (NASDAQ:KOPN - Get Free Report) last posted its quarterly earnings results on Thursday, April 17th. The company reported ($0.01) 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 firm had revenue of $14.65 million for the quarter, compared to analysts' expectations of $11.15 million. During the same period in the prior year, the business posted ($0.04) earnings per share. As a group, sell-side analysts forecast that Kopin Co. will post -0.14 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Wall Street Zen downgraded shares of Kopin from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. Canaccord Genuity Group cut their price target 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 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.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $2.56.

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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