Rhumbline Advisers Raises Stock Holdings in VIZIO Holding Corp. (NYSE:VZIO)

Rhumbline Advisers boosted its position in shares of VIZIO Holding Corp. (NYSE:VZIO) by 25.1% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 129,487 shares of the company’s stock after purchasing an additional 26,020 shares during the quarter. Rhumbline Advisers owned about 0.07% of VIZIO worth $1,398,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of VZIO. Vanguard Group Inc. lifted its position in shares of VIZIO by 13.6% during the first quarter. Vanguard Group Inc. now owns 7,686,512 shares of the company’s stock valued at $84,090,000 after buying an additional 918,300 shares during the last quarter. Pentwater Capital Management LP increased its holdings 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 purchasing an additional 6,312,500 shares in the last quarter. Magnetar Financial LLC purchased a new position in shares of VIZIO during the 1st quarter valued at approximately $43,318,000. The Manufacturers Life Insurance Company increased its holdings in shares of VIZIO by 8.2% during 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 purchasing an additional 188,430 shares in the last quarter. Finally, Gabelli Funds LLC acquired a new stake in VIZIO in the 1st quarter valued at $9,784,000. 66.24% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have issued reports on VZIO. Barrington Research raised shares of VIZIO from a “market perform” rating to an “outperform” rating in a research note on Wednesday, May 29th. Needham & Company LLC restated a “hold” rating on shares of VIZIO in a report on Friday, June 21st. Nine equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, VIZIO has an average rating of “Hold” and an average price target of $10.72.

Insider Activity 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 completion of the transaction, the insider now directly owns 602,364 shares of the company’s stock, valued at $6,704,311.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 44.68% of the stock is currently owned by corporate insiders.

VIZIO Stock Performance

Shares of VIZIO stock opened at $11.25 on Friday. The business has a 50-day simple moving average of $11.11 and a 200-day simple moving average of $10.89. The company has a market cap of $2.23 billion, a PE ratio of 125.00 and a beta of 2.04. VIZIO Holding Corp. has a one year low of $4.82 and a one year high of $11.30.

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.