Mitsubishi UFJ Asset Management Co. Ltd. Makes New $3.55 Million Investment in Vuzix Corporation $VUZI

Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of Vuzix Corporation (NASDAQ:VUZI) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 1,214,649 shares of the company’s stock, valued at approximately $3,547,000.

Other hedge funds have also modified their holdings of the company. Vanguard Personalized Indexing Management LLC acquired a new stake in Vuzix during the 2nd quarter worth about $32,000. American Century Companies Inc. acquired a new position in shares of Vuzix in the first quarter worth about $35,000. Laidlaw Wealth Management LLC purchased a new position in shares of Vuzix in the first quarter worth approximately $70,000. Los Angeles Capital Management LLC acquired a new stake in shares of Vuzix during the second quarter valued at approximately $108,000. Finally, PEAK6 LLC acquired a new stake in shares of Vuzix during the first quarter valued at approximately $111,000. 35.87% of the stock is owned by hedge funds and other institutional investors.

Vuzix Trading Down 9.3%

VUZI stock opened at $2.45 on Friday. The firm has a market cap of $196.80 million, a PE ratio of -4.80 and a beta of 1.66. Vuzix Corporation has a 1 year low of $0.85 and a 1 year high of $5.79. The company has a fifty day simple moving average of $3.18 and a 200 day simple moving average of $2.69.

Vuzix (NASDAQ:VUZI) last posted its earnings results on Thursday, November 13th. The company reported ($0.09) EPS for the quarter. Vuzix had a negative return on equity of 113.11% and a negative net margin of 707.90%.The business had revenue of $1.16 million for the quarter.

Wall Street Analyst Weigh In

VUZI has been the topic of several recent analyst reports. Weiss Ratings reissued a “sell (e+)” rating on shares of Vuzix in a research note on Wednesday, October 8th. Craig Hallum reiterated a “buy” rating on shares of Vuzix in a report on Wednesday, October 1st. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Vuzix currently has a consensus rating of “Hold”.

Vuzix Company 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.