AQR Capital Management LLC bought a new stake in Kopin Co. (NASDAQ:KOPN) in the 2nd quarter, Holdings Channel.com reports. The fund bought 11,218 shares of the company’s stock, valued at approximately $92,000.
Other institutional investors have also added to or reduced their stakes in the company. Royal Bank of Canada acquired a new stake in Kopin during the first quarter worth about $27,000. Advisory Services Network LLC acquired a new stake in Kopin during the second quarter worth about $44,000. Ameritas Investment Partners Inc. acquired a new stake in Kopin during the second quarter worth about $50,000. Parallel Advisors LLC increased its stake in Kopin by 28.8% during the second quarter. Parallel Advisors LLC now owns 9,925 shares of the company’s stock worth $81,000 after acquiring an additional 2,222 shares during the last quarter. Finally, Legal & General Group Plc acquired a new stake in Kopin during the second quarter worth about $81,000. Hedge funds and other institutional investors own 27.21% of the company’s stock.
Shares of NASDAQ KOPN opened at $5.38 on Thursday. The company has a market capitalization of $495.98 million, a price-to-earnings ratio of -59.77 and a beta of 2.12. Kopin Co. has a 1-year low of $1.54 and a 1-year high of $13.62. The business has a 50-day moving average of $5.43 and a 200-day moving average of $6.39.
Several equities research analysts have recently weighed in on the company. Zacks Investment Research downgraded Kopin from a “hold” rating to a “sell” rating in a research report on Wednesday, October 27th. TheStreet downgraded Kopin from a “c-” rating to a “d-” rating in a research report on Wednesday, October 20th.
In related news, insider Paul Christopher Baker sold 19,977 shares of the stock in a transaction dated Friday, November 5th. The stock was sold at an average price of $7.00, for a total value of $139,839.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 7.40% of the company’s stock.
Kopin Corp. engages in the development, manufacture and sale of wearable technologies which include components and systems. Its portfolio includes AMLCD, LCOS displays, OLED displays, ASIC, backlights, and optical lenses. The firm uses semiconductor material technology to design, manufacture and market its component products for use in military, enterprise and consumer electronic applications, training and simulation equipment and 3D metrology equipment.
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