Stock Traders Purchase Large Volume of Call Options on Vuzix (NASDAQ:VUZI)

Vuzix Co. (NASDAQ:VUZI) saw unusually large options trading activity on Monday. Stock investors bought 2,690 call options on the stock. This is an increase of approximately 253% compared to the average daily volume of 761 call options.

Hedge Funds Weigh In On Vuzix

Large investors have recently modified their holdings of the company. Quadrature Capital Ltd purchased a new stake in Vuzix during the 1st quarter worth $28,000. SG Americas Securities LLC boosted its stake in Vuzix by 219.7% during the 2nd quarter. SG Americas Securities LLC now owns 111,508 shares of the company’s stock valued at $151,000 after acquiring an additional 76,626 shares during the last quarter. Mcrae Capital Management Inc. acquired a new position in Vuzix during the 2nd quarter worth $31,000. Simmons Bank increased its position in shares of Vuzix by 89.9% in the 2nd quarter. Simmons Bank now owns 30,200 shares of the company’s stock worth $41,000 after purchasing an additional 14,300 shares during the last quarter. Finally, Renaissance Technologies LLC raised its stake in shares of Vuzix by 24.2% in the 2nd quarter. Renaissance Technologies LLC now owns 65,200 shares of the company’s stock valued at $88,000 after purchasing an additional 12,700 shares in the last quarter. 35.87% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Craig Hallum dropped their price target on shares of Vuzix from $3.00 to $2.00 and set a “buy” rating for the company in a research note on Thursday, August 15th.

Vuzix Trading Down 0.8 %

Vuzix stock opened at $2.51 on Wednesday. The stock has a 50-day moving average price of $1.36 and a 200 day moving average price of $1.26. The stock has a market cap of $184.76 million, a PE ratio of -2.02 and a beta of 1.76. Vuzix has a 52 week low of $0.83 and a 52 week high of $3.00.

About Vuzix

Vuzix Corporation designs, manufactures, and markets smart glasses and augmented reality (AR) technologies and products for the enterprise, medical, defense, and consumer markets. The company’s products include head-mounted smart personal display and wearable computing devices that offer users a portable viewing experience, provide solutions for mobility, wearable displays, and augmented reality, as well as original equipment manufacturer waveguide optical components and display engines.