Vident Advisory LLC Takes $435,000 Position in Vuzix Corporation $VUZI

Key Points

• Vident Advisory LLC has acquired 213,365 shares of Vuzix Corporation, valued at approximately $435,000, increasing its ownership to about 0.28% of the company.
• Vuzix stock experienced a trading increase of 10%, opening at $2.43, with a market capitalization of $187.94 million.
• Vuzix reported earnings of ($0.10) per share for the most recent quarter, surpassing analyst expectations, although the company has a significant negative net margin of 707.90%.

Vident Advisory LLC purchased a new position in shares of Vuzix Corporation (NASDAQ:VUZI - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 213,365 shares of the company's stock, valued at approximately $435,000. Vident Advisory LLC owned 0.28% of Vuzix at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Millennium Management LLC boosted its stake in shares of Vuzix by 4.4% during the 4th quarter. Millennium Management LLC now owns 505,738 shares of the company's stock worth $1,993,000 after purchasing an additional 21,441 shares during the period. Northern Trust Corp boosted its stake in shares of Vuzix by 40.9% during the 4th quarter. Northern Trust Corp now owns 180,528 shares of the company's stock worth $711,000 after purchasing an additional 52,416 shares during the period. Skandinaviska Enskilda Banken AB publ purchased a new position in shares of Vuzix during the 1st quarter worth about $255,000. Two Sigma Investments LP purchased a new position in shares of Vuzix during the 4th quarter worth about $441,000. Finally, Schonfeld Strategic Advisors LLC bought a new stake in Vuzix during the 4th quarter valued at about $401,000. 35.87% of the stock is owned by hedge funds and other institutional investors.

Vuzix Stock Down 5.5%

VUZI traded down $0.13 on Friday, reaching $2.23. 1,547,720 shares of the company traded hands, compared to its average volume of 1,254,593. Vuzix Corporation has a one year low of $0.85 and a one year high of $5.79. The firm has a fifty day simple moving average of $2.22 and a two-hundred day simple moving average of $2.33. The company has a market cap of $172.47 million, a P/E ratio of -4.37 and a beta of 1.50.

Vuzix (NASDAQ:VUZI - Get Free Report) last announced its quarterly earnings data on Thursday, August 14th. The company reported ($0.10) earnings per share 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 company had revenue of $1.30 million during the quarter, compared to analyst estimates 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.