Schonfeld Strategic Advisors LLC Takes Position in Kopin Co. (NASDAQ:KOPN)

Schonfeld Strategic Advisors LLC bought a new position in Kopin Co. (NASDAQ:KOPN - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 171,279 shares of the company's stock, valued at approximately $233,000. Schonfeld Strategic Advisors LLC owned approximately 0.11% of Kopin as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Victory Capital Management Inc. bought a new stake in Kopin in the fourth quarter worth $25,000. Prudential Financial Inc. bought a new stake in Kopin in the fourth quarter worth $37,000. Tower Research Capital LLC TRC raised 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 acquiring an additional 22,316 shares during the last quarter. Penbrook Management LLC bought a new position in shares of Kopin during the fourth quarter valued at about $66,000. Finally, SBI Securities Co. Ltd. bought a new position in shares of Kopin during the fourth quarter valued at about $69,000. 30.96% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

KOPN has been the subject of several recent analyst reports. StockNews.com downgraded shares of Kopin from a "hold" rating to a "sell" rating in a research note on Tuesday. Canaccord Genuity Group reduced their price target 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. One analyst has rated the stock with a sell rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Kopin has a consensus rating of "Moderate Buy" and a consensus price target of $2.56.

Kopin Trading Down 2.6%

KOPN traded down $0.04 during midday trading on Friday, reaching $1.48. The company's stock had a trading volume of 2,860,960 shares, compared to its average volume of 2,369,324. The firm has a market capitalization of $240.94 million, a price-to-earnings ratio of -3.61 and a beta of 3.16. Kopin Co. has a 1 year low of $0.56 and a 1 year high of $2.17. The stock's 50-day moving average is $1.16 and its 200-day moving average is $1.25.

Kopin (NASDAQ:KOPN - Get Free Report) last announced its quarterly earnings data on Thursday, April 17th. The company reported ($0.01) earnings per share for the quarter, hitting analysts' consensus estimates of ($0.01). The business 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 company earned ($0.04) earnings per share. As a group, equities research analysts forecast that Kopin Co. will post -0.14 earnings per share for the current fiscal year.

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.