Akanthos Capital Management Lowers stake in Vuzix Corporation (VUZI)

Vuzix Corporation (VUZI) : Akanthos Capital Management reduced its stake in Vuzix Corporation by 21.67% during the most recent quarter end. The investment management company now holds a total of 258,500 shares of Vuzix Corporation which is valued at $1.3 Million after selling 71,500 shares in Vuzix Corporation , the firm said in a disclosure report filed with the SEC on May 11, 2016.Vuzix Corporation makes up approximately 4.71% of Akanthos Capital Management’s portfolio.

Other Hedge Funds, Including , Blackrock Fund Advisors reduced its stake in VUZI by selling 2,438 shares or 7.1% in the most recent quarter. The Hedge Fund company now holds 31,905 shares of VUZI which is valued at $156,335.First Eagle Investment Management reduced its stake in VUZI by selling 65,465 shares or 59.3% in the most recent quarter. The Hedge Fund company now holds 44,933 shares of VUZI which is valued at $206,108.

Vuzix Corporation opened for trading at $5.35 and hit $5.35 on the upside on Monday, eventually ending the session at $5.06, with a gain of 3.27% or 0.16 points. The heightened volatility saw the trading volume jump to 1,91,715 shares. Company has a market cap of $82 M.

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