Geode Capital Management LLC Boosts Holdings in Vuzix Co. (NASDAQ:VUZI)

Geode Capital Management LLC increased its position in shares of Vuzix Co. (NASDAQ:VUZI) by 3.9% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 673,462 shares of the company’s stock after purchasing an additional 25,540 shares during the quarter. Geode Capital Management LLC’s holdings in Vuzix were worth $788,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. XTX Topco Ltd purchased a new stake in Vuzix in the 2nd quarter valued at about $32,000. Sei Investments Co. acquired a new stake in shares of Vuzix during the second quarter valued at about $33,000. Point72 DIFC Ltd purchased a new stake in shares of Vuzix in the 2nd quarter valued at approximately $42,000. Cubist Systematic Strategies LLC acquired a new position in shares of Vuzix in the 2nd quarter worth approximately $57,000. Finally, Renaissance Technologies LLC boosted its position in shares of Vuzix by 24.2% during the 2nd quarter. Renaissance Technologies LLC now owns 65,200 shares of the company’s stock worth $88,000 after purchasing an additional 12,700 shares during the period. 35.87% of the stock is currently owned by hedge funds and other institutional investors.

Vuzix Stock Performance

Vuzix stock opened at $3.41 on Friday. The firm has a 50 day moving average price of $2.77 and a 200 day moving average price of $1.71. Vuzix Co. has a fifty-two week low of $0.83 and a fifty-two week high of $5.79. The company has a market capitalization of $251.03 million, a PE ratio of -2.75 and a beta of 1.62.

Vuzix 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.