SG Americas Securities LLC Cuts Position in Vuzix Co. (NASDAQ:VUZI)

SG Americas Securities LLC decreased its holdings in Vuzix Co. (NASDAQ:VUZI – Get Rating) by 61.2% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 26,285 shares of the company’s stock after selling 41,534 shares during the period. SG Americas Securities LLC’s holdings in Vuzix were worth $96,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Tower Research Capital LLC TRC raised its holdings in Vuzix by 93.2% in the third quarter. Tower Research Capital LLC TRC now owns 5,573 shares of the company’s stock valued at $32,000 after buying an additional 2,688 shares during the period. Point72 Hong Kong Ltd purchased a new stake in shares of Vuzix during the third quarter valued at approximately $37,000. Creative Planning purchased a new stake in shares of Vuzix during the second quarter valued at approximately $75,000. Principal Financial Group Inc. purchased a new stake in shares of Vuzix during the first quarter valued at approximately $71,000. Finally, Two Sigma Investments LP purchased a new stake in shares of Vuzix during the third quarter valued at approximately $62,000. Hedge funds and other institutional investors own 41.79% of the company’s stock.

Vuzix Stock Up 6.4 %

VUZI opened at $4.18 on Thursday. The firm has a market capitalization of $264.26 million, a P/E ratio of -6.53 and a beta of 1.95. The firm’s 50 day moving average is $3.95 and its 200-day moving average is $4.31. Vuzix Co. has a 52-week low of $3.27 and a 52-week high of $10.49.

Vuzix (NASDAQ:VUZI – Get Rating) last posted its quarterly earnings data on Wednesday, March 1st. The company reported ($0.17) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.02). The firm had revenue of $2.90 million for the quarter, compared to analysts’ expectations of $3.78 million. Vuzix had a negative net margin of 299.46% and a negative return on equity of 33.52%. The company’s revenue for the quarter was down 12.6% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.27) EPS. Equities analysts expect that Vuzix Co. will post -0.6 earnings per share for the current fiscal year.

Vuzix Profile

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Vuzix Corp. is a supplier of Smart-Glasses and Augmented Reality technologies and products for the consumer and enterprise markets. Its products include personal display and wearable computing devices that offer users a portable viewing experience, provide solutions for mobility, wearable displays and augmented reality.