Vuzix Co. (NASDAQ:VUZI) Shares Acquired by Renaissance Technologies LLC

Renaissance Technologies LLC lifted its position in shares of Vuzix Co. (NASDAQ:VUZI) by 24.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 65,200 shares of the company’s stock after purchasing an additional 12,700 shares during the period. Renaissance Technologies LLC owned about 0.10% of Vuzix worth $88,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Simmons Bank increased its position in Vuzix by 89.9% in the 2nd quarter. Simmons Bank now owns 30,200 shares of the company’s stock valued at $41,000 after acquiring an additional 14,300 shares during the period. Mount Yale Investment Advisors LLC acquired a new position in Vuzix in the 1st quarter valued at about $27,000. Mcrae Capital Management Inc. acquired a new position in Vuzix in the 2nd quarter valued at about $31,000. Quadrature Capital Ltd acquired a new position in Vuzix in the 1st quarter valued at about $28,000. Finally, B. Riley Wealth Advisors Inc. increased its position in Vuzix by 23.8% during the 4th quarter. B. Riley Wealth Advisors Inc. now owns 132,527 shares of the company’s stock worth $276,000 after purchasing an additional 25,480 shares during the period. Institutional investors and hedge funds own 35.87% of the company’s stock.

Analyst Ratings Changes

Separately, Craig Hallum dropped their target price on Vuzix from $3.00 to $2.00 and set a “buy” rating on the stock in a research report on Thursday, August 15th.

Vuzix Stock Up 8.1 %

VUZI stock opened at $1.47 on Tuesday. The company has a market cap of $95.15 million, a price-to-earnings ratio of -1.86 and a beta of 1.51. The business has a fifty day simple moving average of $1.02 and a 200-day simple moving average of $1.23. Vuzix Co. has a 52 week low of $0.83 and a 52 week high of $3.65.

Vuzix (NASDAQ:VUZI) last announced its quarterly earnings results on Wednesday, August 14th. The company reported ($0.62) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.52). The company had revenue of $1.09 million during the quarter. Vuzix had a negative net margin of 1,285.06% and a negative return on equity of 114.41%.

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.