Keel Point LLC Makes New $27,000 Investment in Vuzix Co. (NASDAQ:VUZI)

Keel Point LLC acquired a new position in Vuzix Co. (NASDAQ:VUZI) during the 4th quarter, HoldingsChannel reports. The fund acquired 13,039 shares of the company’s stock, valued at approximately $27,000.

Several other hedge funds have also added to or reduced their stakes in VUZI. Tower Research Capital LLC TRC raised its position in shares of Vuzix by 93.2% in the third quarter. Tower Research Capital LLC TRC now owns 5,573 shares of the company’s stock valued at $32,000 after purchasing an additional 2,688 shares during the period. FMR LLC raised its position in shares of Vuzix by 1,554.8% in the first quarter. FMR LLC now owns 9,234 shares of the company’s stock valued at $38,000 after purchasing an additional 8,676 shares during the period. Confluence Wealth Services Inc. bought a new stake in shares of Vuzix in the third quarter valued at approximately $38,000. Creative Planning bought a new stake in shares of Vuzix in the second quarter valued at approximately $75,000. Finally, Principal Financial Group Inc. bought a new stake in shares of Vuzix in the first quarter valued at approximately $71,000. Institutional investors own 35.87% of the company’s stock.

Vuzix Stock Up 2.1 %

Shares of NASDAQ:VUZI opened at $1.22 on Thursday. The company has a 50 day moving average of $1.45 and a 200 day moving average of $2.10. Vuzix Co. has a 12 month low of $1.10 and a 12 month high of $6.06.

Analyst Upgrades and Downgrades

Separately, Craig Hallum lowered their price target on shares of Vuzix from $3.50 to $3.00 and set a “buy” rating on the stock in a research report on Tuesday.

Vuzix Company Profile

Vuzix Corporation, together with its subsidiaries, designs, manufactures, markets, and sells augmented reality (AR) wearable display and computing devices for consumer and enterprise markets in North America, Europe, the Asia-Pacific, and internationally. It provides M400, and M4000 series of smart glasses for enterprise, industrial, commercial, and medical markets; Vuzix Blade smart glasses; waveguide optics and related coupling optics; Vuzix Shield smart glasses; Vuzix Ultralite smart glasses; and Mobilium logistics mobility software, which removes traditional middleware and supports various ERP systems, as well as custom and engineering solutions.