Marshall Wace LLP Acquires New Position in Kopin Co. (NASDAQ:KOPN)

Marshall Wace LLP purchased a new stake in Kopin Co. (NASDAQ:KOPN - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 226,055 shares of the company's stock, valued at approximately $307,000. Marshall Wace LLP owned approximately 0.14% of Kopin as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Victory Capital Management Inc. acquired a new position in Kopin during the fourth quarter worth about $25,000. O Connor Financial Group LLC acquired a new position in shares of Kopin in the 4th quarter worth approximately $28,000. Prudential Financial Inc. acquired a new stake in Kopin during the 4th quarter worth about $37,000. Penbrook Management LLC acquired a new position in Kopin in the fourth quarter valued at approximately $66,000. Finally, SBI Securities Co. Ltd. bought a new stake in Kopin in the fourth quarter valued at $69,000. Institutional investors own 30.96% of the company's stock.

Kopin Price Performance

Shares of NASDAQ:KOPN traded up $0.01 during trading on Friday, hitting $1.43. 2,056,586 shares of the company were exchanged, compared to its average volume of 2,318,521. Kopin Co. has a 52-week low of $0.56 and a 52-week high of $2.17. The stock has a 50 day moving average of $1.15 and a 200 day moving average of $1.22. The company has a market cap of $230.95 million, a PE ratio of -3.48 and a beta of 3.16.

Kopin (NASDAQ:KOPN - Get Free Report) last released its quarterly earnings results on Thursday, April 17th. The company reported ($0.01) earnings per share for the quarter, hitting the consensus estimate of ($0.01). The firm had revenue of $14.65 million for 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 quarter in the prior year, the firm posted ($0.04) earnings per share. Sell-side analysts forecast that Kopin Co. will post -0.14 EPS for the current fiscal year.

Analyst Ratings Changes

KOPN has been the topic of a number of analyst reports. StockNews.com upgraded shares of Kopin from a "sell" rating to a "hold" rating in a report on Friday, April 18th. Canaccord Genuity Group reduced their price objective on Kopin from $2.50 to $2.25 and set a "buy" rating for the company in a report on Monday, April 21st. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Kopin has a consensus rating of "Moderate Buy" and a consensus 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.