AQR Capital Management LLC Invests $92,000 in Kopin Co. (NASDAQ:KOPN)

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.

Kopin (NASDAQ:KOPN) last issued its quarterly earnings results on Tuesday, November 2nd. The company reported ($0.02) EPS for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.02. The firm had revenue of $10.89 million during the quarter, compared to the consensus estimate of $10.50 million. Kopin had a negative return on equity of 14.90% and a negative net margin of 19.10%. During the same quarter in the prior year, the business posted ($0.01) earnings per share. Sell-side analysts expect that Kopin Co. will post -0.12 earnings per share for the current fiscal year.

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 Profile

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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Institutional Ownership by Quarter for Kopin (NASDAQ:KOPN)

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