Marathon Trading Investment Management LLC Boosts Holdings in MicroVision, Inc. (NASDAQ:MVIS)

Marathon Trading Investment Management LLC raised its stake in shares of MicroVision, Inc. (NASDAQ:MVISGet Rating) by 217.0% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 31,700 shares of the electronics maker’s stock after acquiring an additional 21,700 shares during the period. Marathon Trading Investment Management LLC’s holdings in MicroVision were worth $159,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of MVIS. O Shaughnessy Asset Management LLC purchased a new position in shares of MicroVision during the 3rd quarter valued at approximately $27,000. Spearhead Capital Advisors LLC purchased a new position in MicroVision in the fourth quarter valued at $52,000. Daiwa Securities Group Inc. raised its position in shares of MicroVision by 296.8% in the fourth quarter. Daiwa Securities Group Inc. now owns 12,863 shares of the electronics maker’s stock worth $64,000 after acquiring an additional 9,621 shares during the period. ACG Wealth raised its position in shares of MicroVision by 50.0% in the fourth quarter. ACG Wealth now owns 15,000 shares of the electronics maker’s stock worth $75,000 after acquiring an additional 5,000 shares during the period. Finally, Stiles Financial Services Inc acquired a new stake in shares of MicroVision during the 4th quarter valued at about $75,000. 28.72% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts have issued reports on MVIS shares. Zacks Investment Research downgraded MicroVision from a “hold” rating to a “sell” rating in a research report on Tuesday, May 10th. Cantor Fitzgerald assumed coverage on shares of MicroVision in a research note on Monday, March 7th. They issued a “neutral” rating and a $5.00 price target on the stock.

Shares of MVIS traded up $0.19 during mid-day trading on Tuesday, hitting $3.28. 79,973 shares of the company were exchanged, compared to its average volume of 3,236,136. The stock has a market cap of $541.89 million, a price-to-earnings ratio of -9.97 and a beta of 3.50. MicroVision, Inc. has a 1-year low of $2.50 and a 1-year high of $24.69. The company has a 50 day moving average of $3.84 and a 200-day moving average of $4.86.

MicroVision (NASDAQ:MVISGet Rating) last posted its quarterly earnings data on Wednesday, April 27th. The electronics maker reported ($0.08) EPS for the quarter, topping the consensus estimate of ($0.09) by $0.01. MicroVision had a negative return on equity of 36.14% and a negative net margin of 2,114.59%. During the same quarter last year, the company posted ($0.04) earnings per share. On average, equities research analysts expect that MicroVision, Inc. will post -0.33 EPS for the current year.

MicroVision Company Profile (Get Rating)

MicroVision, Inc develops lidar sensors used in automotive safety and autonomous driving applications. Its laser beam scanning technology is based on micro-electrical mechanical systems, laser diodes, opto-mechanics, electronics, algorithms, and software. The company also develops micro-display concepts and designs for head-mounted augmented reality (AR) headsets, as well as 1440i MEMS module that can support AR headsets; Interactive Display modules used in smart speakers and other devices; and Consumer Lidar used in smart home systems.

See Also

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Institutional Ownership by Quarter for MicroVision (NASDAQ:MVIS)

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