Mitsubishi UFJ Asset Management Co. Ltd. Lowers Position in Vuzix Co. (NASDAQ:VUZI)

Mitsubishi UFJ Asset Management Co. Ltd. cut its stake in Vuzix Co. (NASDAQ:VUZI) by 10.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 761,041 shares of the company’s stock after selling 89,837 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned 1.20% of Vuzix worth $1,560,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Keel Point LLC bought a new position in shares of Vuzix during the fourth quarter valued at approximately $27,000. KLCM Advisors Inc. increased its stake in shares of Vuzix by 35.9% during the fourth quarter. KLCM Advisors Inc. now owns 30,300 shares of the company’s stock valued at $63,000 after purchasing an additional 8,000 shares in the last quarter. International Assets Investment Management LLC increased its stake in shares of Vuzix by 108.5% during the fourth quarter. International Assets Investment Management LLC now owns 33,047 shares of the company’s stock valued at $69,000 after purchasing an additional 17,197 shares in the last quarter. Skandinaviska Enskilda Banken AB publ increased its stake in shares of Vuzix by 26.8% during the third quarter. Skandinaviska Enskilda Banken AB publ now owns 45,800 shares of the company’s stock valued at $166,000 after purchasing an additional 9,676 shares in the last quarter. Finally, SG Americas Securities LLC increased its stake in shares of Vuzix by 34.7% during the fourth quarter. SG Americas Securities LLC now owns 77,162 shares of the company’s stock valued at $161,000 after purchasing an additional 19,888 shares in the last quarter. Institutional investors own 35.87% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Craig Hallum decreased their target price on shares of Vuzix from $3.50 to $3.00 and set a “buy” rating for the company in a research note on Tuesday, April 16th.

Insider Activity at Vuzix

In other news, Director Timothy Heydenreich Harned purchased 20,000 shares of Vuzix stock in a transaction that occurred on Monday, April 22nd. The stock was bought at an average price of $1.31 per share, with a total value of $26,200.00. Following the completion of the transaction, the director now directly owns 186,016 shares of the company’s stock, valued at $243,680.96. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders bought 42,000 shares of company stock valued at $54,375 over the last 90 days. Corporate insiders own 8.20% of the company’s stock.

Vuzix Price Performance

Shares of VUZI opened at $1.60 on Tuesday. The firm has a 50 day moving average of $1.33 and a 200 day moving average of $1.77. Vuzix Co. has a twelve month low of $1.10 and a twelve month high of $6.06.

Vuzix (NASDAQ:VUZI) last announced its quarterly earnings results on Thursday, May 9th. The company reported ($0.16) earnings per share for the quarter. The firm had revenue of $2.00 million for the quarter. Vuzix had a negative net margin of 502.48% and a negative return on equity of 56.58%. During the same period in the prior year, the business earned ($0.16) earnings per share.

Vuzix Profile

Vuzix Corporation, together with its subsidiaries, designs, manufactures, markets, and sells augmented reality (AR) wearable display and computing devices in North America, Europe, the Asia-Pacific, and internationally. It provides monocular smart glasses for enterprise, industrial, commercial, defense and security, and medical markets; Vuzix Z100, Vuzix Blade, and Vuzix Shield smart glasses; original equipment manufacturer waveguide optics and display engines; and Mobilium logistics mobility software, which removes traditional middleware, and supports various ERP systems and modern-day warehouse picking with wearable devices, as well as custom solutions and engineering solutions.