Vanguard Group Inc. Grows Stake in Vuzix Corporation (VUZI)

Vanguard Group Inc. grew its position in Vuzix Corporation (NASDAQ:VUZI) by 15.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 646,120 shares of the company’s stock after acquiring an additional 84,127 shares during the quarter. Vanguard Group Inc. owned about 3.17% of Vuzix worth $4,232,000 as of its most recent SEC filing.

Separately, Bank of New York Mellon Corp purchased a new position in shares of Vuzix in the first quarter valued at approximately $108,000. Institutional investors own 8.75% of the company’s stock.

Shares of Vuzix Corporation (NASDAQ:VUZI) opened at $6.35 on Friday. Vuzix Corporation has a fifty-two week low of $4.10 and a fifty-two week high of $8.30.

Several research firms have recently weighed in on VUZI. Zacks Investment Research upgraded Vuzix from a “sell” rating to a “hold” rating in a research report on Saturday. Maxim Group reaffirmed a “buy” rating and issued a $11.00 price target on shares of Vuzix in a report on Wednesday, September 6th.

In related news, COO Paul A. Boris purchased 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 4th. The stock was purchased at an average price of $5.20 per share, with a total value of $26,000.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Edward William Jr. Kay purchased 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 15th. The stock was bought at an average cost of $5.95 per share, with a total value of $59,500.00. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 21,800 shares of company stock valued at $121,740. Insiders own 18.40% of the company’s stock.

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About Vuzix

Vuzix Corporation designs, manufactures, markets, and sells wearable display devices in the United States and internationally. The company’s products are worn like eyeglasses that enable the user to view video and digital content, such as movies, computer data, the Internet, or video games. Its products include binocular wearable displays that contain two micro displays mounted in a frame attached to eyeglass-style temples or stereo headphones; monocular smart glasses products for the enterprise, industrial, and commercial markets, as well as video headphones; augmented reality products, which provide the user a live, direct or indirect, view of a physical, and real-world environment; and video viewing glasses as mobile displays for entertainment and gaming for on-the-go users, as well as support for stepping into virtual worlds, simulations, and virtual reality gaming.

Institutional Ownership by Quarter for Vuzix (NASDAQ:VUZI)

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