Mitsubishi UFJ Asset Management Co. Ltd. Purchases Shares of 1,214,649 Vuzix Corporation $VUZI

Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in Vuzix Corporation (NASDAQ:VUZI) during the second quarter, according to its most recent 13F filing with the SEC. The firm acquired 1,214,649 shares of the company’s stock, valued at approximately $3,547,000. Mitsubishi UFJ Asset Management Co. Ltd. owned 1.59% of Vuzix at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Personalized Indexing Management LLC acquired a new position in shares of Vuzix during the 2nd quarter valued at $32,000. American Century Companies Inc. purchased a new position in Vuzix in the first quarter valued at about $35,000. Laidlaw Wealth Management LLC acquired a new position in shares of Vuzix during the first quarter worth about $70,000. Los Angeles Capital Management LLC acquired a new position in shares of Vuzix during the second quarter worth about $108,000. Finally, PEAK6 LLC purchased a new stake in shares of Vuzix in the first quarter worth about $111,000. 35.87% of the stock is owned by institutional investors and hedge funds.

Vuzix Stock Down 9.3%

Shares of NASDAQ VUZI opened at $2.45 on Friday. The stock’s 50 day moving average price is $3.18 and its two-hundred day moving average price is $2.69. Vuzix Corporation has a 52-week low of $0.85 and a 52-week high of $5.79. The stock has a market capitalization of $196.80 million, a P/E ratio of -4.80 and a beta of 1.66.

Vuzix (NASDAQ:VUZI) last issued its earnings results on Thursday, November 13th. The company reported ($0.09) earnings per share for the quarter. Vuzix had a negative return on equity of 113.11% and a negative net margin of 707.90%.The business had revenue of $1.16 million for the quarter.

Analyst Upgrades and Downgrades

VUZI has been the topic of several recent research reports. Weiss Ratings reissued a “sell (e+)” rating on shares of Vuzix in a research report on Wednesday, October 8th. Craig Hallum reiterated a “buy” rating on shares of Vuzix in a research note on Wednesday, October 1st. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

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.