Sei Investments Co. Buys New Shares in Vuzix Co. (NASDAQ:VUZI)

Sei Investments Co. bought a new stake in Vuzix Co. (NASDAQ:VUZI) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 24,443 shares of the company’s stock, valued at approximately $33,000.

Other institutional investors have also recently bought and sold shares of the company. Mount Yale Investment Advisors LLC purchased a new stake in Vuzix in the first quarter valued at approximately $27,000. Quadrature Capital Ltd purchased a new stake in Vuzix in the first quarter valued at approximately $28,000. Mcrae Capital Management Inc. purchased a new stake in Vuzix in the second quarter valued at approximately $31,000. XTX Topco Ltd purchased a new stake in Vuzix in the second quarter valued at approximately $32,000. Finally, Simmons Bank grew its holdings in Vuzix by 89.9% in the second quarter. Simmons Bank now owns 30,200 shares of the company’s stock valued at $41,000 after purchasing an additional 14,300 shares during the period. 35.87% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Vuzix Stock Down 2.2 %

VUZI opened at $1.36 on Friday. Vuzix Co. has a 52-week low of $0.83 and a 52-week high of $3.65. The company has a 50 day moving average of $1.02 and a two-hundred day moving average of $1.23. The company has a market cap of $88.03 million, a P/E ratio of -1.72 and a beta of 1.51.

Vuzix (NASDAQ:VUZI) last released its quarterly earnings data on Wednesday, August 14th. The company reported ($0.62) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.52). Vuzix had a negative return on equity of 114.41% and a negative net margin of 1,285.06%. The business had revenue of $1.09 million for the quarter.

About Vuzix

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.