Cubist Systematic Strategies LLC Takes $57,000 Position in Vuzix Co. (NASDAQ:VUZI)

Cubist Systematic Strategies LLC acquired a new stake in Vuzix Co. (NASDAQ:VUZI) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 42,534 shares of the company’s stock, valued at approximately $57,000. Cubist Systematic Strategies LLC owned 0.06% of Vuzix at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the business. BNP Paribas Financial Markets boosted its position in shares of Vuzix by 86.9% in the first quarter. BNP Paribas Financial Markets now owns 279,650 shares of the company’s stock valued at $338,000 after acquiring an additional 130,012 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Vuzix by 26.7% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 270,226 shares of the company’s stock valued at $327,000 after purchasing an additional 56,905 shares in the last quarter. B. Riley Wealth Advisors Inc. raised its stake in shares of Vuzix by 42.5% in the second quarter. B. Riley Wealth Advisors Inc. now owns 152,500 shares of the company’s stock valued at $206,000 after purchasing an additional 45,453 shares in the last quarter. ProShare Advisors LLC raised its stake in shares of Vuzix by 22.3% in the second quarter. ProShare Advisors LLC now owns 149,543 shares of the company’s stock valued at $202,000 after purchasing an additional 27,307 shares in the last quarter. Finally, Squarepoint Ops LLC raised its stake in shares of Vuzix by 541.4% in the second quarter. Squarepoint Ops LLC now owns 119,218 shares of the company’s stock valued at $161,000 after purchasing an additional 100,632 shares in the last quarter. 35.87% of the stock is owned by institutional investors.

Vuzix Trading Down 1.4 %

Shares of NASDAQ VUZI opened at $1.37 on Thursday. The business has a fifty day simple moving average of $1.04 and a 200 day simple moving average of $1.24. Vuzix Co. has a one year low of $0.83 and a one year high of $3.65. The firm has a market capitalization of $88.67 million, a price-to-earnings ratio of -1.73 and a beta of 1.51.

Vuzix (NASDAQ:VUZI) last released its quarterly earnings data on Wednesday, August 14th. The company reported ($0.62) earnings per share (EPS) for the quarter, missing the consensus estimate 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 company had revenue of $1.09 million for the quarter.

Wall Street Analyst Weigh In

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

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.