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

Harbour Investments Inc. lifted its position in shares of Vuzix Co. (NASDAQ:VUZI) by 1,599.1% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 91,379 shares of the company’s stock after purchasing an additional 86,001 shares during the quarter. Harbour Investments Inc.’s holdings in Vuzix were worth $360,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Sprott Inc. purchased a new position in shares of Vuzix during the 4th quarter valued at about $39,000. Kellett Wealth Advisors LLC purchased a new position in Vuzix in the 4th quarter worth approximately $41,000. Root Financial Partners LLC purchased a new position in Vuzix in the 4th quarter worth approximately $41,000. SBI Securities Co. Ltd. purchased a new position in Vuzix in the 4th quarter worth approximately $68,000. Finally, Stonebridge Financial Group LLC purchased a new position in Vuzix in the 4th quarter worth approximately $79,000. 35.87% of the stock is owned by hedge funds and other institutional investors.

Vuzix Price Performance

Shares of Vuzix stock opened at $2.30 on Friday. The business’s 50 day simple moving average is $3.30 and its two-hundred day simple moving average is $2.48. The stock has a market capitalization of $175.36 million, a P/E ratio of -1.85 and a beta of 1.64. Vuzix Co. has a one year low of $0.83 and a one year high of $5.79.

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

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.