Rhumbline Advisers purchased a new position in Vuzix Corp (NASDAQ:VUZI) in the second quarter, Holdings Channel reports. The fund purchased 19,540 shares of the company’s stock, valued at approximately $146,000.

Several other large investors also recently modified their holdings of the stock. Janney Montgomery Scott LLC increased its stake in Vuzix by 60.8% during the second quarter. Janney Montgomery Scott LLC now owns 19,300 shares of the company’s stock valued at $144,000 after purchasing an additional 7,300 shares during the last quarter. Element Capital Management LLC bought a new stake in Vuzix during the first quarter valued at $144,000. Barclays PLC increased its stake in Vuzix by 355.5% during the first quarter. Barclays PLC now owns 42,156 shares of the company’s stock valued at $231,000 after purchasing an additional 32,901 shares during the last quarter. Belpointe Asset Management LLC bought a new stake in Vuzix during the second quarter valued at $242,000. Finally, Tibra Equities Europe Ltd bought a new stake in Vuzix during the first quarter valued at $285,000. Institutional investors and hedge funds own 19.85% of the company’s stock.

Several analysts have weighed in on the stock. ValuEngine upgraded shares of Vuzix from a “hold” rating to a “buy” rating in a research note on Friday, September 21st. Zacks Investment Research lowered shares of Vuzix from a “buy” rating to a “hold” rating in a research note on Friday, July 20th. Finally, Chardan Capital set a $10.00 target price on shares of Vuzix and gave the company a “buy” rating in a research note on Friday, August 10th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $9.08.

Shares of VUZI opened at $6.55 on Thursday. Vuzix Corp has a 1 year low of $4.10 and a 1 year high of $11.40. The firm has a market cap of $181.01 million, a PE ratio of -6.37 and a beta of 1.01.

Vuzix (NASDAQ:VUZI) last announced its quarterly earnings results on Thursday, August 9th. The company reported ($0.22) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.21) by ($0.01). Vuzix had a negative net margin of 318.25% and a negative return on equity of 74.46%. The firm had revenue of $2.65 million for the quarter. sell-side analysts expect that Vuzix Corp will post -0.84 EPS for the current year.

Vuzix Profile

Vuzix Corporation designs, manufactures, markets, and sells wearable display devices in the United States and internationally. Its wearable display products include augmented reality (AR) smart glasses for various enterprise and commercial users and applications; and video viewing glasses for on-the-go users as mobile displays for entertainment and gaming.

Further Reading: Fundamental Analysis and Choosing Stocks

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Institutional Ownership by Quarter for Vuzix (NASDAQ:VUZI)

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