Concurrent Investment Advisors LLC Makes New Investment in Kopin Co. (NASDAQ:KOPN)

Concurrent Investment Advisors LLC acquired a new stake in Kopin Co. (NASDAQ:KOPN) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 51,450 shares of the company’s stock, valued at approximately $70,000.

Several other institutional investors and hedge funds also recently made changes to their positions in KOPN. O Connor Financial Group LLC acquired a new stake in Kopin in the fourth quarter worth $28,000. Penbrook Management LLC bought a new position in shares of Kopin during the 4th quarter worth about $66,000. FMR LLC grew its stake in shares of Kopin by 101,059.6% in the 3rd quarter. FMR LLC now owns 57,661 shares of the company’s stock valued at $42,000 after buying an additional 57,604 shares during the period. Focused Wealth Management Inc bought a new stake in Kopin in the 4th quarter valued at about $145,000. Finally, AMG National Trust Bank raised its stake in Kopin by 19.0% during the 3rd quarter. AMG National Trust Bank now owns 125,000 shares of the company’s stock worth $91,000 after buying an additional 20,000 shares during the period. Institutional investors own 30.96% of the company’s stock.

Kopin Stock Down 2.1 %

Shares of NASDAQ:KOPN opened at $1.41 on Thursday. The business’s 50 day moving average is $1.51 and its 200 day moving average is $1.11. Kopin Co. has a 12-month low of $0.56 and a 12-month high of $2.77. The stock has a market cap of $223.91 million, a price-to-earnings ratio of -3.44 and a beta of 2.73.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. HC Wainwright reissued a “buy” rating and issued a $3.00 price objective on shares of Kopin in a research note on Wednesday, November 13th. StockNews.com downgraded shares of Kopin from a “hold” rating to a “sell” rating in a research report on Saturday, December 21st. Finally, Canaccord Genuity Group upped their price objective on shares of Kopin from $2.00 to $2.50 and gave the stock a “buy” rating in a report on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $2.63.

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 VR products.