SG Americas Securities LLC Has $117,000 Stock Holdings in Vuzix Co. (NASDAQ:VUZI)

SG Americas Securities LLC cut its position in shares of Vuzix Co. (NASDAQ:VUZI) by 10.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 99,941 shares of the company’s stock after selling 11,567 shares during the period. SG Americas Securities LLC’s holdings in Vuzix were worth $117,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Mount Yale Investment Advisors LLC acquired a new position in shares of Vuzix during the 1st quarter worth about $27,000. Mcrae Capital Management Inc. acquired a new position in Vuzix in the 2nd quarter valued at about $31,000. Quadrature Capital Ltd acquired a new position in Vuzix in the 1st quarter valued at about $28,000. XTX Topco Ltd acquired a new position in Vuzix in the 2nd quarter valued at about $32,000. Finally, Sei Investments Co. acquired a new position in Vuzix in the 2nd quarter valued at about $33,000. 35.87% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Vuzix Stock Down 3.0 %

Shares of NASDAQ:VUZI opened at $1.30 on Friday. The company’s 50 day moving average price is $1.09 and its two-hundred day moving average price is $1.23. Vuzix Co. has a 12-month low of $0.83 and a 12-month high of $3.65. The firm has a market cap of $84.14 million, a PE ratio of -1.65 and a beta of 1.51.

Vuzix (NASDAQ:VUZI) last announced its earnings results on Wednesday, August 14th. The company reported ($0.62) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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.

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.