Virtu Financial LLC Takes $214,000 Position in Vuzix Co. (NASDAQ:VUZI)

Virtu Financial LLC bought a new stake in Vuzix Co. (NASDAQ:VUZI) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 54,265 shares of the company’s stock, valued at approximately $214,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Geode Capital Management LLC increased its holdings in Vuzix by 3.9% in the third quarter. Geode Capital Management LLC now owns 673,462 shares of the company’s stock valued at $788,000 after purchasing an additional 25,540 shares during the last quarter. MFG Wealth Management Inc. bought a new position in Vuzix during the fourth quarter worth $1,075,000. Harbour Investments Inc. grew its position in shares of Vuzix by 1,599.1% in the fourth quarter. Harbour Investments Inc. now owns 91,379 shares of the company’s stock valued at $360,000 after purchasing an additional 86,001 shares during the last quarter. Simmons Bank increased its holdings in shares of Vuzix by 94.7% during the fourth quarter. Simmons Bank now owns 58,800 shares of the company’s stock worth $232,000 after purchasing an additional 28,600 shares during the period. Finally, Charles Schwab Investment Management Inc. acquired a new position in Vuzix in the fourth quarter valued at about $192,000. Institutional investors and hedge funds own 35.87% of the company’s stock.

Vuzix Trading Down 0.9 %

NASDAQ VUZI opened at $2.24 on Friday. The firm’s 50 day simple moving average is $3.22 and its 200 day simple moving average is $2.52. The firm has a market capitalization of $170.78 million, a price-to-earnings ratio of -1.81 and a beta of 1.64. Vuzix Co. has a 1 year low of $0.83 and a 1 year high of $5.79.

Vuzix (NASDAQ:VUZI) last announced its quarterly earnings results on Thursday, March 13th. The company reported ($0.16) EPS for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.04). Vuzix had a negative net margin of 1,437.17% and a negative return on equity of 139.39%. The firm had revenue of $1.27 million during the quarter, compared to the consensus estimate of $1.53 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.