Eqis Capital Management Lifted Bank Of America (BAC) Stake; Vuzix (VUZI) Shorts Raised By 3.69%

December 24, 2017 - By Shannon Black

Eqis Capital Management Inc increased Bank Of America Corporation (BAC) stake by 16.8% reported in 2017Q3 SEC filing. Eqis Capital Management Inc acquired 12,923 shares as Bank Of America Corporation (BAC)’s stock declined 6.00%. The Eqis Capital Management Inc holds 89,857 shares with $2.28 million value, up from 76,934 last quarter. Bank Of America Corporation now has $311.67 billion valuation. The stock increased 0.20% or $0.06 during the last trading session, reaching $29.88. About 54.20M shares traded. Bank of America Corporation (NYSE:BAC) has risen 58.64% since December 24, 2016 and is uptrending. It has outperformed by 41.94% the S&P500.

Vuzix Corporation (NASDAQ:VUZI) had an increase of 3.69% in short interest. VUZI’s SI was 3.00 million shares in December as released by FINRA. Its up 3.69% from 2.89 million shares previously. With 305,100 avg volume, 10 days are for Vuzix Corporation (NASDAQ:VUZI)’s short sellers to cover VUZI’s short positions. The SI to Vuzix Corporation’s float is 18.06%. It closed at $5.9 lastly. It is down 11.43% since December 24, 2016 and is uptrending. It has underperformed by 5.27% the S&P500.

Among 4 analysts covering Vuzix (NASDAQ:VUZI), 4 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Vuzix has $11 highest and $7.0 lowest target. $10.25’s average target is 73.73% above currents $5.9 stock price. Vuzix had 12 analyst reports since August 17, 2015 according to SRatingsIntel. The rating was downgraded by Zacks to “Hold” on Friday, August 21. The firm has “Buy” rating by Maxim Group given on Friday, October 28. On Wednesday, July 19 the stock rating was maintained by Maxim Group with “Buy”. The firm earned “Buy” rating on Monday, September 28 by Chardan Capital Markets. The rating was maintained by Maxim Group with “Buy” on Wednesday, September 6. The rating was initiated by Rodman & Renshaw on Thursday, December 10 with “Buy”. As per Monday, June 26, the company rating was maintained by Maxim Group. The firm has “Buy” rating by Maxim Group given on Wednesday, August 2. H.C. Wainwright initiated Vuzix Corporation (NASDAQ:VUZI) rating on Thursday, December 10. H.C. Wainwright has “Buy” rating and $10 target. As per Monday, August 17, the company rating was maintained by Chardan Capital Markets.

Investors sentiment increased to 1.09 in 2017 Q3. Its up 0.42, from 0.67 in 2017Q2. It improved, as 6 investors sold Vuzix Corporation shares while 5 reduced holdings. 5 funds opened positions while 7 raised stakes. 1.83 million shares or 6.52% more from 1.71 million shares in 2017Q2 were reported. Virtu Financial Limited Liability Company accumulated 17,541 shares. Price T Rowe Associate Inc Md holds 0% or 19,600 shares. Bancorp Of Ny Mellon Corp holds 0% of its portfolio in Vuzix Corporation (NASDAQ:VUZI) for 20,015 shares. 1,415 were reported by Deutsche National Bank Ag. Royal National Bank & Trust Of Canada invested in 676 shares or 0% of the stock. Moreover, Wells Fargo & Mn has 0% invested in Vuzix Corporation (NASDAQ:VUZI) for 1,212 shares. Morgan Stanley, New York-based fund reported 94,381 shares. Barclays Public Ltd Co stated it has 0% in Vuzix Corporation (NASDAQ:VUZI). 15,100 are owned by Lpl Financial Limited Liability. National Bank Of Montreal Can invested 0% of its portfolio in Vuzix Corporation (NASDAQ:VUZI). Vanguard Inc holds 656,249 shares. Citadel Ltd Company, a Illinois-based fund reported 21,132 shares. Ogorek Anthony Joseph New York Adv owns 1,000 shares or 0% of their US portfolio. Northern Trust Corporation accumulated 38,083 shares. Carl Domino holds 0.22% or 33,000 shares in its portfolio.

Since December 14, 2017, it had 2 insider purchases, and 0 insider sales for $43,740 activity. $28,720 worth of stock was bought by Boris Paul A on Tuesday, December 19. Harned Timothy Heydenreich bought $15,020 worth of stock.

Vuzix Corporation designs, manufactures, markets, and sells wearable display devices in the United States and internationally. The company has market cap of $131.00 million. The companyÂ’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. It currently has negative earnings. The Company’s 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.

Eqis Capital Management Inc decreased Waters Corp (NYSE:WAT) stake by 1,701 shares to 3,816 valued at $685,000 in 2017Q3. It also reduced Fabrinet Shs (NYSE:FN) stake by 25,885 shares and now owns 6,332 shares. Hd Supply Hldgs Inc Com (NASDAQ:HDS) was reduced too.

Since August 10, 2017, it had 0 insider purchases, and 1 insider sale for $2.10 million activity. The insider BRAMBLE FRANK P sold $2.10 million.

Among 31 analysts covering Bank of America (NYSE:BAC), 21 have Buy rating, 0 Sell and 10 Hold. Therefore 68% are positive. Bank of America has $36.0 highest and $15 lowest target. $24.47’s average target is -18.11% below currents $29.88 stock price. Bank of America had 99 analyst reports since July 21, 2015 according to SRatingsIntel. The company was maintained on Tuesday, July 18 by RBC Capital Markets. The firm earned “Buy” rating on Monday, August 24 by Vetr. JP Morgan maintained the shares of BAC in report on Thursday, April 7 with “Overweight” rating. UBS upgraded it to “Neutral” rating and $20 target in Wednesday, August 26 report. The stock of Bank of America Corporation (NYSE:BAC) earned “Buy” rating by Deutsche Bank on Tuesday, January 26. The firm earned “Hold” rating on Wednesday, August 23 by BMO Capital Markets. The firm has “Neutral” rating by UBS given on Wednesday, January 11. The rating was maintained by BMO Capital Markets with “Hold” on Friday, October 13. The firm earned “Buy” rating on Sunday, August 13 by Keefe Bruyette & Woods. The firm has “Buy” rating by Citigroup given on Wednesday, January 11.