AIGH Capital Management LLC Takes Position in Vuzix Corporation $VUZI

AIGH Capital Management LLC purchased a new stake in shares of Vuzix Corporation (NASDAQ:VUZI) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor purchased 898,648 shares of the company’s stock, valued at approximately $2,813,000. Vuzix comprises approximately 0.8% of AIGH Capital Management LLC’s portfolio, making the stock its 29th biggest holding.

Other hedge funds have also recently added to or reduced their stakes in the company. Millennium Management LLC increased its stake in Vuzix by 278.1% during the first 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 during the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Vuzix by 59.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 433,900 shares of the company’s stock valued at $885,000 after buying an additional 162,229 shares during the period. Vanguard Personalized Indexing Management LLC bought a new stake in shares of Vuzix during the 2nd quarter valued at about $32,000. Los Angeles Capital Management LLC acquired a new stake in Vuzix during the second quarter worth about $108,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in Vuzix in the second quarter worth about $3,547,000. Institutional investors and hedge funds own 35.87% of the company’s stock.

Vuzix Price Performance

VUZI opened at $2.98 on Friday. The business has a 50 day moving average price of $2.99 and a two-hundred day moving average price of $2.82. The company has a market capitalization of $238.79 million, a price-to-earnings ratio of -6.48 and a beta of 1.47. Vuzix Corporation has a 1-year low of $1.47 and a 1-year high of $4.82.

Vuzix (NASDAQ:VUZI) last posted its quarterly earnings data on Thursday, November 13th. The company reported ($0.09) earnings per share for the quarter, beating the consensus estimate of ($0.10) by $0.01. The company had revenue of $1.16 million during the quarter, compared to analyst estimates of $1.92 million. Vuzix had a negative net margin of 702.71% and a negative return on equity of 117.63%.

Insider Buying and Selling at Vuzix

In other Vuzix news, insider Christopher Iain Parkinson sold 9,457 shares of Vuzix stock in a transaction that occurred on Monday, December 22nd. The shares were sold at an average price of $2.92, for a total transaction of $27,614.44. Following the transaction, the insider directly owned 142,793 shares in the company, valued at approximately $416,955.56. The trade was a 6.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 8.30% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms have recently commented on VUZI. Wall Street Zen raised Vuzix from a “sell” rating to a “hold” rating in a report on Saturday, December 6th. Craig Hallum restated a “buy” rating on shares of Vuzix in a research report on Wednesday, October 1st. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Vuzix in a research report on Wednesday, October 8th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold”.

About Vuzix

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.