Vident Advisory LLC Purchases New Holdings 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 bought a new stake in shares of Vuzix Corporation (NASDAQ:VUZI - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 213,365 shares of the company's stock, valued at approximately $435,000. Vident Advisory LLC owned about 0.28% of Vuzix as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. Millennium Management LLC boosted its position in shares of Vuzix by 4.4% during the fourth quarter. Millennium Management LLC now owns 505,738 shares of the company's stock valued at $1,993,000 after buying an additional 21,441 shares during the last quarter. Northern Trust Corp boosted its position in shares of Vuzix by 40.9% during the fourth quarter. Northern Trust Corp now owns 180,528 shares of the company's stock valued at $711,000 after buying an additional 52,416 shares during the last quarter. Skandinaviska Enskilda Banken AB publ purchased a new position in shares of Vuzix during the first quarter valued at approximately $255,000. Two Sigma Investments LP purchased a new position in shares of Vuzix during the fourth quarter valued at approximately $441,000. Finally, Schonfeld Strategic Advisors LLC purchased a new position in shares of Vuzix during the fourth quarter valued at approximately $401,000. Hedge funds and other institutional investors own 35.87% of the company's stock.

Vuzix Trading Down 1.3%

Shares of NASDAQ:VUZI traded down $0.03 during mid-day trading on Wednesday, hitting $2.27. 1,149,029 shares of the company traded hands, compared to its average volume of 1,751,703. The stock has a market cap of $175.56 million, a P/E ratio of -4.45 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 stock has a 50-day moving average price of $2.25 and a two-hundred day moving average price of $2.34.

Vuzix (NASDAQ:VUZI - Get Free Report) last issued its quarterly earnings results on Thursday, August 14th. The company reported ($0.10) EPS for the quarter, beating analysts' consensus estimates of ($0.12) by $0.02. The company had revenue of $1.30 million during the quarter, compared to the consensus estimate of $1.63 million. Vuzix had a negative return on equity of 113.11% and a negative net margin of 707.90%.

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.