Skandinaviska Enskilda Banken AB publ Purchases New Position in Vuzix Corporation (NASDAQ:VUZI)

Key Points

• Skandinaviska Enskilda Banken AB publ has acquired a new stake in Vuzix Corporation, purchasing 124,833 shares valued at approximately $255,000 during the first quarter.
• Vuzix reported a quarterly loss of ($0.11) earnings per share, which was an improvement over analysts' expectations of ($0.12), alongside revenue of $1.58 million for the quarter.
• The company has seen significant activity from several institutional investors, with 35.87% of its stock currently owned by them, indicating growing interest in Vuzix's equity.

Skandinaviska Enskilda Banken AB publ purchased a new position in shares of Vuzix Corporation (NASDAQ:VUZI - Free Report) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 124,833 shares of the company's stock, valued at approximately $255,000. Skandinaviska Enskilda Banken AB publ owned 0.16% of Vuzix as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. EVR Research LP acquired a new position in Vuzix during the fourth quarter valued at approximately $709,000. Two Sigma Investments LP acquired a new position in shares of Vuzix during the fourth quarter worth $441,000. Headlands Technologies LLC increased its holdings in shares of Vuzix by 141,419.4% during the fourth quarter. Headlands Technologies LLC now owns 101,894 shares of the company's stock worth $401,000 after buying an additional 101,822 shares in the last quarter. Schonfeld Strategic Advisors LLC acquired a new position in Vuzix in the 4th quarter valued at approximately $401,000. Finally, OMERS ADMINISTRATION Corp acquired a new stake in Vuzix in the fourth quarter valued at $392,000. Institutional investors own 35.87% of the company's stock.

Vuzix Price Performance

NASDAQ VUZI traded down $0.07 on Friday, reaching $1.94. The company had a trading volume of 1,278,722 shares, compared to its average volume of 1,272,162. The firm has a market cap of $147.91 million, a price-to-earnings ratio of -1.88 and a beta of 1.40. Vuzix Corporation has a fifty-two week low of $0.83 and a fifty-two week high of $5.79. The business has a 50 day moving average of $2.70 and a two-hundred day moving average of $2.67.

Vuzix (NASDAQ:VUZI - Get Free Report) last posted its quarterly earnings data on Monday, May 12th. The company reported ($0.11) earnings per share for the quarter, beating analysts' consensus estimates of ($0.12) by $0.01. The business had revenue of $1.58 million during the quarter, compared to the consensus estimate of $1.34 million. Vuzix had a negative return on equity of 198.84% and a negative net margin of 1,352.74%.

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.