Charles Schwab Investment Management Inc. Buys New Shares in Vuzix Co. (NASDAQ:VUZI)

Charles Schwab Investment Management Inc. purchased a new position in shares of Vuzix Co. (NASDAQ:VUZI) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 48,683 shares of the company’s stock, valued at approximately $192,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Sprott Inc. acquired a new stake in shares of Vuzix in the fourth quarter valued at about $39,000. Kellett Wealth Advisors LLC acquired a new position in Vuzix during the fourth quarter valued at approximately $41,000. Root Financial Partners LLC bought a new position in Vuzix in the fourth quarter valued at approximately $41,000. SBI Securities Co. Ltd. acquired a new position in shares of Vuzix during the 4th quarter worth approximately $68,000. Finally, Stonebridge Financial Group LLC bought a new stake in shares of Vuzix during the 4th quarter worth approximately $79,000. 35.87% of the stock is owned by institutional investors.

Vuzix Trading Down 4.9 %

NASDAQ VUZI opened at $1.94 on Wednesday. The company has a market cap of $147.91 million, a PE ratio of -1.56 and a beta of 1.64. Vuzix Co. has a 12 month low of $0.83 and a 12 month high of $5.79. The stock has a 50 day moving average of $3.16 and a 200-day moving average of $2.56.

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 firm had revenue of $1.27 million during the quarter, compared to analyst estimates 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.