Rhumbline Advisers Has $142,000 Holdings in Vuzix Corp (NASDAQ:VUZI)

Rhumbline Advisers lifted its position in shares of Vuzix Corp (NASDAQ:VUZI) by 51.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 29,595 shares of the company’s stock after buying an additional 10,029 shares during the quarter. Rhumbline Advisers owned approximately 0.11% of Vuzix worth $142,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Virtu Financial LLC purchased a new position in shares of Vuzix during the 3rd quarter valued at $179,000. Dimensional Fund Advisors LP purchased a new stake in Vuzix in the 3rd quarter worth $200,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Vuzix in the 3rd quarter worth $274,000. Worth Venture Partners LLC purchased a new stake in Vuzix in the 3rd quarter worth $655,000. Finally, Russell Investments Group Ltd. purchased a new stake in Vuzix in the 3rd quarter worth $670,000. Institutional investors own 22.35% of the company’s stock.

Shares of NASDAQ VUZI traded down $0.07 during mid-day trading on Friday, hitting $2.67. 138,500 shares of the company’s stock traded hands, compared to its average volume of 291,507. The stock has a market capitalization of $73.69 million, a price-to-earnings ratio of -3.14 and a beta of 0.73. Vuzix Corp has a 1 year low of $2.56 and a 1 year high of $8.45.

Vuzix (NASDAQ:VUZI) last issued its quarterly earnings results on Friday, March 15th. The company reported ($0.22) EPS for the quarter, missing the consensus estimate of ($0.18) by ($0.04). The firm had revenue of $1.98 million for the quarter. Vuzix had a negative net margin of 270.24% and a negative return on equity of 57.03%. On average, equities analysts forecast that Vuzix Corp will post -0.65 EPS for the current fiscal year.

VUZI has been the topic of several recent research reports. ValuEngine cut shares of Vuzix from a “buy” rating to a “hold” rating in a research report on Tuesday, December 25th. Zacks Investment Research upgraded shares of Vuzix from a “sell” rating to a “hold” rating in a research report on Saturday, January 5th.

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Vuzix Profile

Vuzix Corporation designs, manufactures, markets, and sells augmented reality (AR) wearable display devices in North America, the Asia-Pacific, Europe, and internationally. The company offers its products in the form of smart glasses and AR glasses. Its products include monocular smart glasses for enterprise, industrial, commercial, and medical markets; and blade smart sunglasses for applications ranging from basic text messaging and answering the phone to overlaying mapping directions, menus, weather, events, stock quotes, video conferencing, sports updates, social feeds, bio-metrics, and others.

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Institutional Ownership by Quarter for Vuzix (NASDAQ:VUZI)

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