Two Sigma Investments LP Buys 328,713 Shares of Kopin Co. (NASDAQ:KOPN)

Two Sigma Investments LP increased its stake in shares of Kopin Co. (NASDAQ:KOPN - Free Report) by 140.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 562,037 shares of the company's stock after buying an additional 328,713 shares during the quarter. Two Sigma Investments LP owned 0.35% of Kopin worth $764,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Balyasny Asset Management L.P. bought a new stake in Kopin during the fourth quarter worth $91,000. Charles Schwab Investment Management Inc. purchased a new position in Kopin in the fourth quarter worth $171,000. Jane Street Group LLC purchased a new position in Kopin in the fourth quarter worth $300,000. Schonfeld Strategic Advisors LLC purchased a new position in Kopin in the fourth quarter worth $233,000. Finally, Geode Capital Management LLC boosted its position in Kopin by 34.3% in the fourth quarter. Geode Capital Management LLC now owns 1,599,109 shares of the company's stock worth $2,175,000 after purchasing an additional 408,396 shares during the last quarter. Institutional investors own 30.96% of the company's stock.

Kopin Stock Performance

Shares of KOPN traded up $0.03 on Wednesday, reaching $1.65. The stock had a trading volume of 2,511,189 shares, compared to its average volume of 2,462,020. The firm has a market capitalization of $268.62 million, a price-to-earnings ratio of -4.02 and a beta of 2.85. The company has a 50-day simple moving average of $1.24 and a 200-day simple moving average of $1.33. 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 released its earnings results on Thursday, April 17th. The company reported ($0.01) EPS for the quarter, meeting analysts' consensus estimates of ($0.01). Kopin had a negative return on equity of 165.86% and a negative net margin of 109.38%. The company had revenue of $14.65 million during the quarter, compared to analysts' expectations of $11.15 million. During the same quarter last year, the business posted ($0.04) EPS. On average, analysts expect that Kopin Co. will post -0.14 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Canaccord Genuity Group dropped their price target on Kopin from $2.50 to $2.25 and set a "buy" rating on the stock in a research report on Monday, April 21st. Wall Street Zen lowered Kopin from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price 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.