Vuzix Corporation $VUZI Shares Acquired by Alesco Advisors LLC An ESL Co

Alesco Advisors LLC An ESL Co boosted its position in Vuzix Corporation (NASDAQ:VUZI) by 2,570.1% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 267,011 shares of the company’s stock after acquiring an additional 257,011 shares during the period. Alesco Advisors LLC An ESL Co owned about 0.32% of Vuzix worth $617,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. State Street Corp grew its position in shares of Vuzix by 373.7% in the fourth quarter. State Street Corp now owns 7,226,194 shares of the company’s stock valued at $27,315,000 after purchasing an additional 5,700,613 shares during the period. Vanguard Group Inc. boosted its stake in Vuzix by 4.2% in the 3rd quarter. Vanguard Group Inc. now owns 3,631,584 shares of the company’s stock worth $11,367,000 after buying an additional 147,811 shares during the last quarter. AIGH Capital Management LLC acquired a new stake in Vuzix in the 1st quarter worth about $7,613,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of Vuzix by 71.6% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,032,366 shares of the company’s stock valued at $7,825,000 after acquiring an additional 848,142 shares during the last quarter. Finally, Millennium Management LLC lifted its holdings in shares of 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. 35.87% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Vuzix

In other news, Director Paula Beck Whitten-Doolin sold 32,000 shares of the company’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $4.68, for a total value of $149,760.00. Following the completion of the sale, the director owned 90,668 shares of the company’s stock, valued at $424,326.24. This represents a 26.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Timothy Heydenreich Harned sold 10,000 shares of the firm’s stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $4.73, for a total value of $47,300.00. Following the sale, the director owned 318,158 shares in the company, valued at approximately $1,504,887.34. The trade was a 3.05% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 7.30% of the company’s stock.

Vuzix Stock Performance

VUZI opened at $2.45 on Wednesday. Vuzix Corporation has a 1 year low of $1.83 and a 1 year high of $5.62. The firm has a 50 day moving average price of $3.32 and a 200 day moving average price of $2.91. The company has a market cap of $203.74 million, a PE ratio of -6.12 and a beta of 1.74.

Vuzix (NASDAQ:VUZI) last announced its quarterly earnings results on Thursday, May 14th. The company reported ($0.09) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.01. Vuzix had a negative net margin of 504.12% and a negative return on equity of 116.50%. The firm had revenue of $1.39 million for the quarter, compared to analysts’ expectations of $1.35 million.

Analyst Ratings Changes

Several equities analysts recently commented on VUZI shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Vuzix in a research report on Wednesday, July 15th. Wall Street Zen downgraded Vuzix from a “hold” rating to a “sell” rating in a report on Sunday, July 12th. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Vuzix has an average rating of “Hold”.

About Vuzix

Vuzix Corporation (NASDAQ: VUZI) is a technology company specializing in the design, development and manufacture of wearable display devices and smart glasses. Headquartered in Rochester, New York, Vuzix focuses on next-generation augmented reality (AR) and virtual reality (VR) solutions that enable hands-free access to video, data and applications. Its products integrate high-resolution optics, onboard sensors and wireless connectivity to support immersive visual experiences for professional and consumer use.

Vuzix’s product portfolio includes smart glasses and head-mounted displays such as the Vuzix Blade series and the M400 family.