AIGH Capital Management LLC Takes $7.61 Million Position in Vuzix Corporation $VUZI

AIGH Capital Management LLC bought a new stake in Vuzix Corporation (NASDAQ:VUZI) in the 1st quarter, Holdings Channel reports. The institutional investor bought 3,295,754 shares of the company’s stock, valued at approximately $7,613,000. Vuzix makes up approximately 1.0% of AIGH Capital Management LLC’s investment portfolio, making the stock its 23rd biggest holding.

Other institutional investors and hedge funds also recently made changes to their positions in the company. State Street Corp increased its stake in Vuzix by 373.7% in the fourth quarter. State Street Corp now owns 7,226,194 shares of the company’s stock valued at $27,315,000 after acquiring an additional 5,700,613 shares during the last quarter. Vanguard Group Inc. lifted its stake in Vuzix by 4.2% during the third quarter. Vanguard Group Inc. now owns 3,631,584 shares of the company’s stock worth $11,367,000 after purchasing an additional 147,811 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of Vuzix by 71.6% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,032,366 shares of the company’s stock valued at $7,825,000 after purchasing an additional 848,142 shares in the last quarter. Millennium Management LLC boosted its holdings in shares of Vuzix by 278.1% in the 1st quarter. Millennium Management LLC now owns 1,911,972 shares of the company’s stock valued at $3,900,000 after purchasing an additional 1,406,234 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Vuzix by 2.7% in the 4th quarter. Geode Capital Management LLC now owns 1,550,039 shares of the company’s stock valued at $5,860,000 after purchasing an additional 40,576 shares during the last quarter. Institutional investors own 35.87% of the company’s stock.

Insider Buying and Selling

In other Vuzix news, Director Paula Beck Whitten-Doolin sold 32,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $4.68, for a total transaction of $149,760.00. Following the completion of the transaction, the director owned 90,668 shares in the company, valued at approximately $424,326.24. This trade represents a 26.09% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Timothy Heydenreich Harned sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $4.73, for a total transaction of $47,300.00. Following the completion of the transaction, the director owned 318,158 shares in the company, valued at $1,504,887.34. This trade represents a 3.05% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 7.30% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Weiss Ratings reissued a “sell (d-)” rating on shares of Vuzix in a report on Friday, April 17th. Wall Street Zen raised Vuzix from a “sell” rating to a “hold” rating in a research note on Sunday, June 14th. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Vuzix Trading Down 2.8%

NASDAQ VUZI opened at $2.40 on Thursday. The business’s 50-day moving average price is $3.39 and its two-hundred day moving average price is $2.98. Vuzix Corporation has a 12 month low of $1.83 and a 12 month high of $5.62. The firm has a market capitalization of $199.58 million, a PE ratio of -6.00 and a beta of 1.74.

Vuzix (NASDAQ:VUZI) last issued its quarterly earnings data on Thursday, May 14th. The company reported ($0.09) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.01. The company had revenue of $1.39 million during the quarter, compared to the consensus estimate of $1.35 million. Vuzix had a negative return on equity of 116.50% and a negative net margin of 504.12%.

Vuzix Company Profile

Vuzix Corporation (NASDAQ: VUZI) is a technology company specializing in the design, development and manufacture of wearable display devices and smart glasses. Headquartered in Rochester, New York, Vuzix focuses on next-generation augmented reality (AR) and virtual reality (VR) solutions that enable hands-free access to video, data and applications. Its products integrate high-resolution optics, onboard sensors and wireless connectivity to support immersive visual experiences for professional and consumer use.

Vuzix’s product portfolio includes smart glasses and head-mounted displays such as the Vuzix Blade series and the M400 family.