Commonwealth Equity Services LLC Boosts Holdings in Vuzix Co. (NASDAQ:VUZI)

Commonwealth Equity Services LLC raised its position in shares of Vuzix Co. (NASDAQ:VUZI) by 73.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 30,935 shares of the company’s stock after acquiring an additional 13,085 shares during the period. Commonwealth Equity Services LLC’s holdings in Vuzix were worth $122,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. MFG Wealth Management Inc. bought a new position in Vuzix during the 4th quarter valued at about $1,075,000. Geode Capital Management LLC boosted its position in shares of Vuzix by 3.9% during the third quarter. Geode Capital Management LLC now owns 673,462 shares of the company’s stock valued at $788,000 after buying an additional 25,540 shares during the period. Charles Schwab Investment Management Inc. bought a new position in shares of Vuzix during the fourth quarter valued at approximately $192,000. Simmons Bank raised its holdings in shares of Vuzix by 94.7% in the fourth quarter. Simmons Bank now owns 58,800 shares of the company’s stock worth $232,000 after buying an additional 28,600 shares during the period. Finally, Root Financial Partners LLC bought a new stake in shares of Vuzix during the 4th quarter worth approximately $41,000. Hedge funds and other institutional investors own 35.87% of the company’s stock.

Vuzix Stock Down 7.1 %

Shares of Vuzix stock opened at $1.69 on Friday. The stock’s fifty day moving average is $2.81 and its two-hundred day moving average is $2.58. Vuzix Co. has a 52 week low of $0.83 and a 52 week high of $5.79. The company has a market capitalization of $128.85 million, a PE ratio of -1.36 and a beta of 1.72.

Vuzix (NASDAQ:VUZI) last posted its quarterly earnings results on Thursday, March 13th. The company reported ($0.16) EPS for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.04). Vuzix had a negative return on equity of 139.39% and a negative net margin of 1,437.17%. The company had revenue of $1.27 million during the quarter, compared to the consensus estimate of $1.53 million.

Vuzix Company Profile

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.