Tudor Investment Corp ET AL Takes Position in Kopin Corporation $KOPN

Tudor Investment Corp ET AL bought a new stake in shares of Kopin Corporation (NASDAQ:KOPN) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 401,560 shares of the company’s stock, valued at approximately $976,000.

A number of other large investors have also recently made changes to their positions in the stock. Legal & General Group Plc bought a new position in Kopin during the 2nd quarter worth about $25,000. Prudential Financial Inc. bought a new position in Kopin in the second quarter worth about $25,000. Bravias Capital Group LLC bought a new position in Kopin in the third quarter worth about $32,000. Russell Investments Group Ltd. bought a new position in Kopin in the third quarter worth about $33,000. Finally, AE Wealth Management LLC raised its holdings in Kopin by 68.7% in the third quarter. AE Wealth Management LLC now owns 16,873 shares of the company’s stock worth $41,000 after purchasing an additional 6,873 shares in the last quarter. 30.96% of the stock is owned by hedge funds and other institutional investors.

Kopin Stock Down 2.9%

KOPN opened at $2.72 on Wednesday. Kopin Corporation has a 52-week low of $0.81 and a 52-week high of $4.16. The company has a market cap of $496.43 million, a P/E ratio of 272.27 and a beta of 2.73. The firm’s 50-day moving average price is $2.28 and its 200-day moving average price is $2.65.

Kopin (NASDAQ:KOPN) last posted its quarterly earnings data on Monday, April 13th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.06. Kopin had a negative net margin of 13.81% and a negative return on equity of 30.97%. The firm had revenue of $8.37 million for the quarter, compared to the consensus estimate of $12.98 million. On average, research analysts anticipate that Kopin Corporation will post -0.14 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have commented on KOPN. Weiss Ratings reiterated a “sell (e+)” rating on shares of Kopin in a report on Thursday, January 22nd. Wall Street Zen downgraded shares of Kopin from a “hold” rating to a “sell” rating in a report on Saturday, April 4th. Four analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat, Kopin currently has an average rating of “Moderate Buy” and an average target price of $4.69.

Kopin Profile

Kopin Corporation (NASDAQ: KOPN) is a technology company specializing in the development and manufacture of high-resolution microdisplays and optical components for wearable electronics. Headquartered in Westborough, Massachusetts, Kopin designs both liquid crystal on silicon (LCOS) and organic light-emitting diode (OLED) microdisplays, as well as complete display engines and optical modules tailored for use in augmented reality (AR), virtual reality (VR), industrial, medical, and defense applications.