Capstone Asset Management Co. reduced its stake in shares of Kopin Corp. (NASDAQ:KOPN) by 1.5% during the third quarter, Holdings Channel reports. The firm owned 65,700 shares of the company’s stock after selling 1,030 shares during the period. Capstone Asset Management Co. owned about 0.10% of Kopin Corp. worth $143,000 at the end of the most recent quarter.
Other hedge funds have also bought and sold shares of the company. BlackRock Fund Advisors raised its stake in Kopin Corp. by 0.4% in the second quarter. BlackRock Fund Advisors now owns 4,058,228 shares of the company’s stock valued at $9,009,000 after buying an additional 16,465 shares during the period. Vanguard Group Inc. raised its stake in Kopin Corp. by 1.9% in the second quarter. Vanguard Group Inc. now owns 2,437,136 shares of the company’s stock valued at $5,410,000 after buying an additional 45,659 shares during the period. Royce & Associates LP raised its stake in Kopin Corp. by 0.9% in the first quarter. Royce & Associates LP now owns 2,084,926 shares of the company’s stock valued at $3,461,000 after buying an additional 18,500 shares during the period. State Street Corp raised its stake in Kopin Corp. by 1.4% in the first quarter. State Street Corp now owns 1,230,398 shares of the company’s stock valued at $2,040,000 after buying an additional 17,174 shares during the period. Finally, Marathon Capital Management raised its stake in Kopin Corp. by 11.6% in the second quarter. Marathon Capital Management now owns 1,150,224 shares of the company’s stock valued at $2,558,000 after buying an additional 119,876 shares during the period. 54.09% of the stock is currently owned by institutional investors.
Shares of Kopin Corp. (NASDAQ:KOPN) opened at 2.19 on Friday. The company’s 50-day moving average is $2.18 and its 200-day moving average is $2.08. The company’s market cap is $140.25 million. Kopin Corp. has a 12-month low of $1.57 and a 12-month high of $3.18.
Kopin Corp. (NASDAQ:KOPN) last announced its quarterly earnings results on Tuesday, August 2nd. The company reported ($0.05) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.07. The firm had revenue of $4.40 million for the quarter, compared to the consensus estimate of $4.70 million. Kopin Corp. had a negative net margin of 93.59% and a negative return on equity of 28.50%. During the same quarter last year, the firm posted $0.01 EPS. Equities research analysts predict that Kopin Corp. will post ($0.39) earnings per share for the current year.
Several analysts have recently issued reports on KOPN shares. Zacks Investment Research raised shares of Kopin Corp. from a “sell” rating to a “hold” rating in a research report on Wednesday. Wunderlich lowered shares of Kopin Corp. from a “buy” rating to a “hold” rating and decreased their target price for the stock from $3.00 to $2.00 in a report on Wednesday, August 3rd.
About Kopin Corp.
Kopin Corporation is an inventor, developer, manufacturer and seller of wearable technologies, which include components and systems. It operates in two segments, which include Forth Dimension Displays Ltd. (FDD) and Kopin. FDD is the manufacturer of its reflective display products for test and simulation products.
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