Vuzix Corporation $VUZI Shares Sold by Virtu Financial LLC

Virtu Financial LLC reduced its stake in shares of Vuzix Corporation (NASDAQ:VUZI) by 75.4% during the 1st quarter, HoldingsChannel reports. The firm owned 13,369 shares of the company’s stock after selling 40,896 shares during the quarter. Virtu Financial LLC’s holdings in Vuzix were worth $27,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Geode Capital Management LLC lifted its holdings in Vuzix by 7.8% in the fourth quarter. Geode Capital Management LLC now owns 725,827 shares of the company’s stock valued at $2,860,000 after acquiring an additional 52,365 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in Vuzix by 130.9% in the fourth quarter. Wells Fargo & Company MN now owns 7,056 shares of the company’s stock valued at $28,000 after acquiring an additional 4,000 shares during the last quarter. Invesco Ltd. acquired a new position in Vuzix in the fourth quarter valued at approximately $78,000. Parallax Volatility Advisers L.P. lifted its holdings in Vuzix by 89.3% in the fourth quarter. Parallax Volatility Advisers L.P. now owns 22,373 shares of the company’s stock valued at $88,000 after acquiring an additional 10,554 shares during the last quarter. Finally, Tudor Investment Corp ET AL acquired a new position in Vuzix in the fourth quarter valued at approximately $61,000. 35.87% of the stock is currently owned by institutional investors and hedge funds.

Vuzix Stock Performance

VUZI opened at $1.99 on Tuesday. Vuzix Corporation has a one year low of $0.83 and a one year high of $5.79. The stock has a market capitalization of $151.72 million, a PE ratio of -3.90 and a beta of 1.40. The business’s 50 day moving average price is $2.52 and its 200 day moving average price is $2.55.

Vuzix (NASDAQ:VUZI) last announced its quarterly earnings results on Thursday, August 14th. The company reported ($0.10) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.02. Vuzix had a negative net margin of 707.90% and a negative return on equity of 107.16%. The business had revenue of $1.30 million during the quarter, compared to analysts’ expectations of $1.63 million.

Vuzix 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.