Harbour Investments Inc. Raises Holdings in Vuzix Co. (NASDAQ:VUZI)

Harbour Investments Inc. grew its position in shares of Vuzix Co. (NASDAQ:VUZI) by 1,599.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 91,379 shares of the company’s stock after buying an additional 86,001 shares during the period. Harbour Investments Inc. owned 0.12% of Vuzix worth $360,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. MFG Wealth Management Inc. purchased a new stake in Vuzix during the 4th quarter worth about $1,075,000. Charles Schwab Investment Management Inc. purchased a new stake in Vuzix during the 4th quarter worth about $192,000. Simmons Bank lifted its holdings in Vuzix by 94.7% during the 4th quarter. Simmons Bank now owns 58,800 shares of the company’s stock worth $232,000 after purchasing an additional 28,600 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Vuzix by 3.9% during the 3rd quarter. Geode Capital Management LLC now owns 673,462 shares of the company’s stock worth $788,000 after purchasing an additional 25,540 shares in the last quarter. Finally, Mount Yale Investment Advisors LLC purchased a new stake in Vuzix during the 4th quarter worth about $87,000. Hedge funds and other institutional investors own 35.87% of the company’s stock.

Vuzix Stock Performance

Shares of VUZI opened at $2.30 on Friday. The stock’s 50-day simple moving average is $3.30 and its 200 day simple moving average is $2.48. Vuzix Co. has a 52-week low of $0.83 and a 52-week high of $5.79. The stock has a market capitalization of $175.36 million, a price-to-earnings ratio of -1.85 and a beta of 1.64.

Vuzix (NASDAQ:VUZI) last issued its quarterly earnings results on Thursday, March 13th. The company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.04). The business had revenue of $1.27 million for the quarter, compared to the consensus estimate of $1.53 million. Vuzix had a negative net margin of 1,437.17% and a negative return on equity of 139.39%.

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.