Squarepoint Ops LLC Sells 21,457 Shares of Kopin Co. (NASDAQ:KOPN)

Squarepoint Ops LLC reduced its position in shares of Kopin Co. (NASDAQ:KOPN) by 25.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 61,893 shares of the company’s stock after selling 21,457 shares during the period. Squarepoint Ops LLC’s holdings in Kopin were worth $84,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Balyasny Asset Management L.P. bought a new stake in shares of Kopin during the 4th quarter worth approximately $91,000. Charles Schwab Investment Management Inc. bought a new position in shares of Kopin in the fourth quarter valued at $171,000. Jane Street Group LLC acquired a new position in Kopin during the fourth quarter worth $300,000. Schonfeld Strategic Advisors LLC bought a new stake in Kopin during the fourth quarter worth $233,000. Finally, Geode Capital Management LLC raised its position in Kopin by 34.3% during the fourth quarter. Geode Capital Management LLC now owns 1,599,109 shares of the company’s stock worth $2,175,000 after acquiring an additional 408,396 shares in the last quarter. 30.96% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Wall Street Zen lowered Kopin from a “hold” rating to a “sell” rating in a research note on Thursday, May 22nd. Canaccord Genuity Group decreased their target price on 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 issued a buy rating to the company. According to data from MarketBeat.com, Kopin currently has a consensus rating of “Moderate Buy” and an average target price of $2.56.

Kopin Stock Up 13.6%

Shares of NASDAQ KOPN opened at $1.67 on Tuesday. Kopin Co. has a 12-month low of $0.56 and a 12-month high of $2.17. The firm has a market cap of $271.87 million, a PE ratio of -4.07 and a beta of 2.85. The company’s fifty day simple moving average is $1.21 and its 200 day simple moving average is $1.32.

Kopin (NASDAQ:KOPN) last posted its quarterly earnings results on Thursday, April 17th. The company reported ($0.01) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.01). Kopin had a negative net margin of 109.38% and a negative return on equity of 165.86%. The business had revenue of $14.65 million during the quarter, compared to the consensus estimate of $11.15 million. During the same quarter last year, the firm posted ($0.04) EPS. On average, equities analysts predict that Kopin Co. will post -0.14 earnings per share for the current year.

About Kopin

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.