Point72 Asia Singapore Pte. Ltd. Sells 46,145 Shares of Vuzix Co. (NASDAQ:VUZI)

Point72 Asia Singapore Pte. Ltd. reduced its position in Vuzix Co. (NASDAQ:VUZI) by 54.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 38,511 shares of the company’s stock after selling 46,145 shares during the quarter. Point72 Asia Singapore Pte. Ltd.’s holdings in Vuzix were worth $45,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. GSA Capital Partners LLP increased its stake in Vuzix by 312.7% in the third quarter. GSA Capital Partners LLP now owns 502,200 shares of the company’s stock valued at $588,000 after acquiring an additional 380,517 shares during the last quarter. Taylor Frigon Capital Management LLC increased its stake in shares of Vuzix by 85.5% in the 3rd quarter. Taylor Frigon Capital Management LLC now owns 667,230 shares of the company’s stock valued at $781,000 after purchasing an additional 307,599 shares during the last quarter. Squarepoint Ops LLC raised its holdings in shares of Vuzix by 541.4% during the 2nd quarter. Squarepoint Ops LLC now owns 119,218 shares of the company’s stock worth $161,000 after buying an additional 100,632 shares in the last quarter. SG Americas Securities LLC lifted its position in shares of Vuzix by 219.7% during the 2nd quarter. SG Americas Securities LLC now owns 111,508 shares of the company’s stock worth $151,000 after buying an additional 76,626 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. boosted its stake in Vuzix by 42.5% in the second quarter. B. Riley Wealth Advisors Inc. now owns 152,500 shares of the company’s stock valued at $206,000 after buying an additional 45,453 shares in the last quarter. 35.87% of the stock is currently owned by institutional investors and hedge funds.

Vuzix Price Performance

Shares of NASDAQ:VUZI opened at $2.57 on Friday. The firm has a 50 day simple moving average of $1.45 and a 200 day simple moving average of $1.28. The company has a market cap of $189.18 million, a price-to-earnings ratio of -2.07 and a beta of 1.76. Vuzix Co. has a one year low of $0.83 and a one year high of $3.00.

Analyst Upgrades and Downgrades

Separately, Craig Hallum lowered their target price on Vuzix from $3.00 to $2.00 and set a “buy” rating for the company in a research note on Thursday, August 15th.

Vuzix Company 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.