SG Americas Securities LLC Makes New Investment in VIZIO Holding Corp. (NYSE:VZIO)

SG Americas Securities LLC acquired a new position in VIZIO Holding Corp. (NYSE:VZIO) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 26,121 shares of the company’s stock, valued at approximately $292,000.

A number of other hedge funds also recently modified their holdings of VZIO. Gabelli Funds LLC acquired a new position in shares of VIZIO in the 1st quarter worth approximately $9,784,000. Tokio Marine Asset Management Co. Ltd. acquired a new position in shares of VIZIO in the 1st quarter worth approximately $6,760,000. Vanguard Group Inc. raised its holdings in shares of VIZIO by 13.6% in the 1st quarter. Vanguard Group Inc. now owns 7,686,512 shares of the company’s stock worth $84,090,000 after buying an additional 918,300 shares in the last quarter. Water Island Capital LLC raised its holdings in shares of VIZIO by 11.0% in the 2nd quarter. Water Island Capital LLC now owns 3,192,078 shares of the company’s stock worth $34,474,000 after buying an additional 315,757 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC acquired a new position in shares of VIZIO in the 1st quarter worth approximately $1,612,000. Institutional investors own 66.24% of the company’s stock.

Analysts Set New Price Targets

Separately, Needham & Company LLC reissued a “hold” rating on shares of VIZIO in a report on Wednesday, October 9th. Nine analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $10.50.

Insider Activity

In other news, insider Michael Joseph O’donnell sold 2,555 shares of VIZIO stock in a transaction 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 sale, the insider now directly owns 602,364 shares of the company’s stock, valued at approximately $6,704,311.32. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 44.68% of the company’s stock.

VIZIO Price Performance

VZIO stock opened at $11.33 on Monday. The business has a fifty day moving average price of $11.20 and a 200 day moving average price of $10.92. VIZIO Holding Corp. has a fifty-two week low of $4.82 and a fifty-two week high of $11.37. The stock has a market capitalization of $2.28 billion, a price-to-earnings ratio of 141.64 and a beta of 2.04.

VIZIO Profile

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.