Goldman Sachs Group Inc. Buys 162,229 Shares of Vuzix Corporation $VUZI

Goldman Sachs Group Inc. boosted its holdings in Vuzix Corporation (NASDAQ:VUZI) by 59.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 433,900 shares of the company’s stock after buying an additional 162,229 shares during the period. Goldman Sachs Group Inc. owned approximately 0.57% of Vuzix worth $885,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in VUZI. American Century Companies Inc. bought a new position in Vuzix in the first quarter valued at $35,000. Laidlaw Wealth Management LLC bought a new stake in shares of Vuzix during the 1st quarter valued at approximately $70,000. HBK Sorce Advisory LLC bought a new stake in shares of Vuzix during the 1st quarter valued at approximately $85,000. Man Group plc bought a new stake in Vuzix during the 4th quarter worth approximately $108,000. Finally, PEAK6 LLC bought a new stake in shares of Vuzix in the 1st quarter valued at $111,000. 35.87% of the stock is currently owned by institutional investors and hedge funds.

Vuzix Stock Up 31.5%

Shares of NASDAQ VUZI opened at $3.38 on Tuesday. The firm has a market cap of $261.41 million, a PE ratio of -6.63 and a beta of 1.50. Vuzix Corporation has a 12-month low of $0.85 and a 12-month high of $5.79. The company’s fifty day simple moving average is $2.22 and its 200 day simple moving average is $2.31.

Vuzix (NASDAQ:VUZI) last issued its earnings results on Thursday, August 14th. The company reported ($0.10) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.12) by $0.02. Vuzix had a negative net margin of 707.90% and a negative return on equity of 113.11%. The business had revenue of $1.30 million for the quarter, compared to analyst estimates of $1.63 million.

Vuzix 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.