Intech Investment Management LLC Takes Position in VIZIO Holding Corp. (NYSE:VZIO)

Intech Investment Management LLC bought a new stake in shares of VIZIO Holding Corp. (NYSE:VZIO) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 24,961 shares of the company’s stock, valued at approximately $279,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Pentwater Capital Management LP boosted its position in shares of VIZIO by 1,294.9% during the 2nd quarter. Pentwater Capital Management LP now owns 6,800,000 shares of the company’s stock valued at $73,440,000 after acquiring an additional 6,312,500 shares during the last quarter. Alpine Associates Management Inc. raised its holdings in VIZIO by 10.3% during the 3rd quarter. Alpine Associates Management Inc. now owns 3,398,063 shares of the company’s stock valued at $37,956,000 after buying an additional 317,765 shares during the period. Water Island Capital LLC raised its holdings in VIZIO by 11.0% during the 2nd quarter. Water Island Capital LLC now owns 3,192,078 shares of the company’s stock valued at $34,474,000 after buying an additional 315,757 shares during the period. Hsbc Holdings PLC raised its holdings in VIZIO by 26.9% during the 2nd quarter. Hsbc Holdings PLC now owns 2,162,523 shares of the company’s stock valued at $23,290,000 after buying an additional 457,893 shares during the period. Finally, Gabelli Funds LLC raised its holdings in VIZIO by 32.7% during the 2nd quarter. Gabelli Funds LLC now owns 1,186,716 shares of the company’s stock valued at $12,817,000 after buying an additional 292,416 shares during the period. 66.24% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

VZIO has been the topic of several recent research reports. Needham & Company LLC restated a “hold” rating on shares of VIZIO in a report on Wednesday, October 9th. Barrington Research lowered VIZIO from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 7th. Nine analysts have rated the stock with a hold rating, According to MarketBeat, VIZIO currently has a consensus rating of “Hold” and a consensus target price of $11.08.

VIZIO Price Performance

VZIO stock opened at $11.35 on Thursday. The business’s fifty day simple moving average is $11.24 and its two-hundred day simple moving average is $11.05. VIZIO Holding Corp. has a twelve month low of $6.84 and a twelve month high of $11.40. The firm has a market cap of $2.30 billion, a price-to-earnings ratio of 1,135.00 and a beta of 2.00.

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.