Vuzix Corporation $VUZI Shares Bought by Alesco Advisors LLC An ESL Co

Alesco Advisors LLC An ESL Co lifted its holdings in shares of Vuzix Corporation (NASDAQ:VUZI) by 2,570.1% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 267,011 shares of the company’s stock after acquiring an additional 257,011 shares during the quarter. Alesco Advisors LLC An ESL Co’s holdings in Vuzix were worth $617,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of VUZI. State Street Corp boosted its holdings 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 purchasing an additional 5,700,613 shares during the last quarter. Vanguard Group Inc. increased its holdings in Vuzix by 4.2% during the 3rd 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. AIGH Capital Management LLC acquired a new position in shares of Vuzix in the 1st quarter valued at approximately $7,613,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its position 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. Finally, Millennium Management LLC boosted its stake in shares of Vuzix by 278.1% during the 1st quarter. Millennium Management LLC now owns 1,911,972 shares of the company’s stock valued at $3,900,000 after buying an additional 1,406,234 shares during the last quarter. Institutional investors and hedge funds own 35.87% of the company’s stock.

Vuzix Trading Up 7.0%

Shares of VUZI opened at $2.45 on Wednesday. Vuzix Corporation has a 52 week low of $1.83 and a 52 week high of $5.62. The firm has a market cap of $203.74 million, a price-to-earnings ratio of -6.12 and a beta of 1.74. The stock has a 50 day moving average of $3.32 and a 200-day moving average of $2.91.

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

Insider Buying and Selling at Vuzix

In other Vuzix news, Director Timothy Heydenreich Harned sold 10,000 shares of the business’s stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $4.73, for a total transaction of $47,300.00. Following the completion of the sale, the director owned 318,158 shares in the company, valued at $1,504,887.34. The trade was a 3.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Paula Beck Whitten-Doolin sold 32,000 shares of the stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $4.68, for a total transaction of $149,760.00. Following the sale, the director directly owned 90,668 shares in the company, valued at $424,326.24. This trade represents a 26.09% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 7.30% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of Vuzix in a research report on Wednesday, July 15th. Wall Street Zen downgraded shares of Vuzix from a “hold” rating to a “sell” rating in a research note on Sunday, July 12th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, Vuzix currently has an average rating of “Hold”.

Vuzix 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.