Citigroup Inc. Makes New $271,000 Investment in Kopin Co. (NASDAQ:KOPN)

Citigroup Inc. purchased a new position in shares of Kopin Co. (NASDAQ:KOPN) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 221,923 shares of the company’s stock, valued at approximately $271,000. Citigroup Inc. owned approximately 0.19% of Kopin as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently made changes to their positions in KOPN. Vanguard Group Inc. increased its stake in Kopin by 4.3% in the 1st quarter. Vanguard Group Inc. now owns 3,945,441 shares of the company’s stock worth $9,982,000 after purchasing an additional 161,479 shares during the period. Millennium Management LLC grew its holdings in Kopin by 86.7% in the 2nd quarter. Millennium Management LLC now owns 1,863,130 shares of the company’s stock worth $2,087,000 after acquiring an additional 865,051 shares during the last quarter. BlackRock Inc. increased its position in shares of Kopin by 19.3% in the second quarter. BlackRock Inc. now owns 1,471,351 shares of the company’s stock valued at $3,163,000 after acquiring an additional 238,009 shares during the period. Renaissance Technologies LLC raised its stake in shares of Kopin by 420.6% during the second quarter. Renaissance Technologies LLC now owns 1,103,439 shares of the company’s stock valued at $1,236,000 after acquiring an additional 891,475 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Kopin by 19.2% in the second quarter. Geode Capital Management LLC now owns 1,021,743 shares of the company’s stock worth $2,197,000 after purchasing an additional 164,654 shares during the last quarter. 30.96% of the stock is currently owned by institutional investors.

Kopin Price Performance

KOPN stock opened at $1.85 on Thursday. Kopin Co. has a 1 year low of $0.95 and a 1 year high of $2.82. The firm has a 50-day moving average of $2.25 and a 200 day moving average of $1.77. The company has a market cap of $219.10 million, a P/E ratio of -10.28 and a beta of 2.42.

Kopin (NASDAQ:KOPN) last announced its earnings results on Thursday, March 14th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.04). Kopin had a negative return on equity of 55.35% and a negative net margin of 48.89%. The firm had revenue of $8.58 million during the quarter, compared to the consensus estimate of $9.19 million. During the same period in the prior year, the company posted ($0.07) EPS. On average, equities research analysts expect that Kopin Co. will post -0.1 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. StockNews.com raised Kopin from a “sell” rating to a “hold” rating in a research note on Tuesday, February 13th. HC Wainwright reiterated a “buy” rating and issued a $3.00 price target on shares of Kopin in a report on Thursday, March 21st.

Kopin Company Profile

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 systems.