Brave Asset Management Inc. Sells 20,000 Shares of Kopin Co. (NASDAQ:KOPN)

Brave Asset Management Inc. lowered its stake in Kopin Co. (NASDAQ:KOPN) by 40.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,000 shares of the company’s stock after selling 20,000 shares during the period. Brave Asset Management Inc.’s holdings in Kopin were worth $61,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its holdings in shares of Kopin by 220.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 14,073 shares of the company’s stock worth $30,000 after acquiring an additional 9,683 shares during the last quarter. Qube Research & Technologies Ltd boosted its position in shares of Kopin by 70.3% during the third quarter. Qube Research & Technologies Ltd now owns 26,766 shares of the company’s stock valued at $33,000 after buying an additional 11,053 shares during the period. XTX Topco Ltd bought a new position in shares of Kopin during the first quarter valued at approximately $30,000. Graham Capital Management L.P. raised its holdings in shares of Kopin by 37.6% in the first quarter. Graham Capital Management L.P. now owns 44,097 shares of the company’s stock worth $111,000 after buying an additional 12,059 shares during the period. Finally, BNP Paribas Arbitrage SA lifted its stake in shares of Kopin by 74.4% during the 1st quarter. BNP Paribas Arbitrage SA now owns 28,965 shares of the company’s stock worth $73,000 after acquiring an additional 12,360 shares during the last quarter. 30.96% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have weighed in on KOPN shares. HC Wainwright reiterated a “buy” rating and issued a $3.00 target price on shares of Kopin in a research note on Thursday, March 21st. StockNews.com upgraded shares of Kopin from a “sell” rating to a “hold” rating in a report on Tuesday, February 13th.

Kopin Stock Performance

KOPN traded down $0.05 during trading on Thursday, hitting $1.80. 957,673 shares of the stock were exchanged, compared to its average volume of 2,108,460. The firm has a 50 day simple moving average of $2.24 and a 200 day simple moving average of $1.77. The firm has a market cap of $213.17 million, a price-to-earnings ratio of -10.00 and a beta of 2.42. Kopin Co. has a 1 year low of $0.95 and a 1 year high of $2.82.

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

About Kopin

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.