Nisa Investment Advisors LLC Acquires 2,200 Shares of Vuzix Co. (NASDAQ:VUZI)

Nisa Investment Advisors LLC increased its holdings in Vuzix Co. (NASDAQ:VUZIGet Rating) by 110.0% in the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 4,200 shares of the company’s stock after buying an additional 2,200 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Vuzix were worth $28,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of VUZI. Kestra Advisory Services LLC purchased a new stake in Vuzix in the first quarter worth approximately $67,000. Daiwa Securities Group Inc. lifted its holdings in Vuzix by 144.3% in the fourth quarter. Daiwa Securities Group Inc. now owns 8,864 shares of the company’s stock valued at $77,000 after acquiring an additional 5,236 shares during the period. HighTower Advisors LLC purchased a new position in Vuzix in the fourth quarter worth about $101,000. Teacher Retirement System of Texas bought a new stake in shares of Vuzix during the 4th quarter valued at about $101,000. Finally, ProShare Advisors LLC purchased a new stake in shares of Vuzix during the 4th quarter valued at about $112,000. Hedge funds and other institutional investors own 42.83% of the company’s stock.

Vuzix Trading Down 0.2 %

VUZI opened at $8.17 on Monday. Vuzix Co. has a 12-month low of $3.88 and a 12-month high of $16.20. The company has a market cap of $520.17 million, a price-to-earnings ratio of -11.67 and a beta of 2.21. The company’s 50 day moving average is $6.82 and its 200 day moving average is $6.28.

Vuzix (NASDAQ:VUZIGet Rating) last posted its quarterly earnings data on Tuesday, May 10th. The company reported ($0.16) EPS for the quarter, topping the consensus estimate of ($0.18) by $0.02. The firm had revenue of $2.50 million during the quarter, compared to analyst estimates of $3.40 million. Vuzix had a negative return on equity of 30.12% and a negative net margin of 376.45%. Vuzix’s revenue was down 34.2% on a year-over-year basis. During the same period in the prior year, the business posted ($0.12) EPS. As a group, analysts predict that Vuzix Co. will post -0.64 EPS for the current fiscal year.

Vuzix Company Profile

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Vuzix Corporation, together with its subsidiaries, designs, manufactures, markets, and sells augmented reality (AR) wearable display and computing devices for consumer and enterprise markets in North America, the Asia-Pacific, Europe, and internationally. It provides M300XL, M400, and M4000 series of smart glasses for enterprise, industrial, commercial, and medical markets; Vuzix Blade smart glasses; waveguide optics and related coupling optics; and Vuzix Shield smart glasses, as well as custom and engineering solutions.

See Also

Institutional Ownership by Quarter for Vuzix (NASDAQ:VUZI)

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