Vanguard Personalized Indexing Management LLC Buys Shares of 10,992 Vuzix Corporation $VUZI

Vanguard Personalized Indexing Management LLC purchased a new stake in Vuzix Corporation (NASDAQ:VUZI) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 10,992 shares of the company’s stock, valued at approximately $32,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Millennium Management LLC increased its holdings in Vuzix by 278.1% during the 1st quarter. Millennium Management LLC now owns 1,911,972 shares of the company’s stock worth $3,900,000 after acquiring an additional 1,406,234 shares during the period. Vident Advisory LLC bought a new position in shares of Vuzix in the first quarter worth $435,000. Goldman Sachs Group Inc. increased its holdings in shares of Vuzix by 59.7% in the first quarter. Goldman Sachs Group Inc. now owns 433,900 shares of the company’s stock worth $885,000 after purchasing an additional 162,229 shares during the period. Skandinaviska Enskilda Banken AB publ bought a new position in shares of Vuzix in the first quarter worth $255,000. Finally, PEAK6 LLC bought a new position in shares of Vuzix in the first quarter worth $111,000. Institutional investors own 35.87% of the company’s stock.

Analyst Ratings Changes

VUZI has been the topic of a number of research analyst reports. Weiss Ratings reissued a “sell (e+)” rating on shares of Vuzix in a report on Wednesday, October 8th. Craig Hallum reissued a “buy” rating on shares of Vuzix in a research note on Wednesday, October 1st. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Vuzix currently has a consensus rating of “Hold”.

Vuzix Trading Down 1.1%

Vuzix stock opened at $3.62 on Tuesday. The business’s fifty day simple moving average is $2.93 and its two-hundred day simple moving average is $2.58. Vuzix Corporation has a 12 month low of $0.85 and a 12 month high of $5.79. The company has a market capitalization of $290.78 million, a price-to-earnings ratio of -7.10 and a beta of 1.69.

Vuzix (NASDAQ:VUZI) last announced its quarterly earnings results on Thursday, August 14th. The company reported ($0.10) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $1.30 million for the quarter, compared to the consensus estimate of $1.63 million.

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.