XTX Topco Ltd Invests $532,000 in Vuzix Corporation $VUZI

XTX Topco Ltd bought a new stake in shares of Vuzix Corporation (NASDAQ:VUZI) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 182,268 shares of the company’s stock, valued at approximately $532,000. XTX Topco Ltd owned 0.24% of Vuzix at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in VUZI. American Century Companies Inc. purchased a new position in shares of Vuzix in the first quarter worth $35,000. PEAK6 LLC bought a new stake in Vuzix in the 1st quarter valued at $111,000. Vident Advisory LLC purchased a new stake in Vuzix in the 1st quarter worth $435,000. Millennium Management LLC boosted its holdings 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 purchasing an additional 1,406,234 shares during the last quarter. Finally, Laidlaw Wealth Management LLC purchased a new position in shares of Vuzix during the first quarter valued at about $70,000. 35.87% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Weiss Ratings reiterated a “sell (e+)” rating on shares of Vuzix in a research report on Wednesday, October 8th. Craig Hallum reaffirmed a “buy” rating on shares of Vuzix in a report on Wednesday, October 1st. Finally, Wall Street Zen downgraded Vuzix from a “hold” rating to a “sell” rating in a research report on Saturday, November 22nd. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, Vuzix has a consensus rating of “Hold”.

Vuzix Price Performance

Shares of VUZI stock opened at $2.76 on Friday. The company has a market capitalization of $221.16 million, a P/E ratio of -6.00 and a beta of 1.75. The company’s 50-day simple moving average is $3.12 and its two-hundred day simple moving average is $2.72. Vuzix Corporation has a one year low of $1.47 and a one year high of $5.79.

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

Vuzix 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.