Belpointe Asset Management LLC Purchases Shares of 12,390 Vuzix Co. (NASDAQ:VUZI)

Belpointe Asset Management LLC purchased a new stake in shares of Vuzix Co. (NASDAQ:VUZI – Get Rating) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 12,390 shares of the company’s stock, valued at approximately $45,000.

A number of other large investors have also added to or reduced their stakes in VUZI. State Street Corp raised its position in Vuzix by 18.2% during the second quarter. State Street Corp now owns 3,693,622 shares of the company’s stock valued at $26,225,000 after purchasing an additional 569,860 shares in the last quarter. HBK Sorce Advisory LLC purchased a new stake in Vuzix during the third quarter valued at about $210,000. AlphaCentric Advisors LLC purchased a new stake in Vuzix during the third quarter valued at about $869,000. Vanguard Group Inc. raised its position in Vuzix by 4.5% during the third quarter. Vanguard Group Inc. now owns 3,177,334 shares of the company’s stock valued at $18,397,000 after purchasing an additional 137,999 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. bought a new position in shares of Vuzix during the third quarter valued at about $563,000. Hedge funds and other institutional investors own 41.79% of the company’s stock.

Vuzix Trading Up 0.5 %

Shares of NASDAQ:VUZI opened at $4.23 on Thursday. The stock’s 50-day moving average price is $3.99 and its 200-day moving average price is $4.28. Vuzix Co. has a 12-month low of $3.27 and a 12-month high of $10.49. The stock has a market capitalization of $267.42 million, a P/E ratio of -6.61 and a beta of 1.95.

Vuzix (NASDAQ:VUZI – Get Rating) last announced its quarterly earnings data on Wednesday, March 1st. The company reported ($0.17) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.02). Vuzix had a negative net margin of 299.46% and a negative return on equity of 33.52%. The company had revenue of $2.90 million for the quarter, compared to the consensus estimate of $3.78 million. During the same period last year, the business posted ($0.27) earnings per share. The firm’s quarterly revenue was down 12.6% compared to the same quarter last year. As a group, research analysts predict that Vuzix Co. will post -0.6 EPS for the current year.

Vuzix Company Profile

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Vuzix Corp. is a supplier of Smart-Glasses and Augmented Reality technologies and products for the consumer and enterprise markets. Its products include personal display and wearable computing devices that offer users a portable viewing experience, provide solutions for mobility, wearable displays and augmented reality.