VIZIO Holding Corp. (NYSE:VZIO) Shares Bought by Gabelli Funds LLC

Gabelli Funds LLC lifted its holdings in shares of VIZIO Holding Corp. (NYSE:VZIO) by 32.7% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,186,716 shares of the company’s stock after buying an additional 292,416 shares during the period. Gabelli Funds LLC owned approximately 0.60% of VIZIO worth $12,817,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. The Manufacturers Life Insurance Company grew its position in VIZIO by 8.2% in the 4th quarter. The Manufacturers Life Insurance Company now owns 2,488,732 shares of the company’s stock valued at $19,163,000 after buying an additional 188,430 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. acquired a new stake in VIZIO in the first quarter valued at about $6,760,000. Vanguard Group Inc. lifted its position in VIZIO by 13.6% in the first quarter. Vanguard Group Inc. now owns 7,686,512 shares of the company’s stock valued at $84,090,000 after purchasing an additional 918,300 shares during the period. Susquehanna Fundamental Investments LLC purchased a new stake in VIZIO in the 1st quarter valued at approximately $1,612,000. Finally, Trexquant Investment LP increased its position in VIZIO by 10.4% during the 4th quarter. Trexquant Investment LP now owns 243,446 shares of the company’s stock worth $1,875,000 after purchasing an additional 22,923 shares during the period. Hedge funds and other institutional investors own 66.24% of the company’s stock.

Insider Transactions at VIZIO

In related news, insider Michael Joseph O’donnell sold 2,555 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $11.13, for a total value of $28,437.15. Following the sale, the insider now owns 602,364 shares of the company’s stock, valued at approximately $6,704,311.32. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 44.68% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on VZIO. Needham & Company LLC restated a “hold” rating on shares of VIZIO in a research note on Friday, June 21st. Barrington Research raised shares of VIZIO from a “market perform” rating to an “outperform” rating in a research note on Wednesday, May 29th. Nine equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, VIZIO currently has a consensus rating of “Hold” and an average price target of $10.72.

VIZIO Trading Down 0.1 %

Shares of VZIO opened at $11.24 on Tuesday. VIZIO Holding Corp. has a 12-month low of $4.82 and a 12-month high of $11.30. The stock has a market cap of $2.22 billion, a P/E ratio of 124.89 and a beta of 2.04. The company has a 50-day moving average of $11.11 and a two-hundred day moving average of $10.89.

About VIZIO

VIZIO Holding Corp., through its subsidiaries, provides smart televisions, sound bars, and accessories in the United States. It also operates Platform+ that comprises SmartCast, a Smart TV operating system, enabling integrated entertainment solution, and data intelligence and services products through Inscape.