Virtu Financial LLC Increases Stock Holdings in VIZIO Holding Corp. (NYSE:VZIO)

Virtu Financial LLC increased its stake in VIZIO Holding Corp. (NYSE:VZIO) by 24.6% in the 3rd quarter, Holdings Channel.com reports. The fund owned 65,150 shares of the company’s stock after acquiring an additional 12,869 shares during the quarter. Virtu Financial LLC’s holdings in VIZIO were worth $728,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Pentwater Capital Management LP lifted its position in shares of VIZIO by 1,294.9% in the second 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 in the last quarter. Alpine Associates Management Inc. lifted its holdings in VIZIO by 10.3% in the 3rd quarter. Alpine Associates Management Inc. now owns 3,398,063 shares of the company’s stock valued at $37,956,000 after purchasing an additional 317,765 shares in the last quarter. Water Island Capital LLC boosted its stake in VIZIO by 11.0% during the 2nd quarter. Water Island Capital LLC now owns 3,192,078 shares of the company’s stock worth $34,474,000 after purchasing an additional 315,757 shares during the last quarter. Hsbc Holdings PLC raised its position in shares of VIZIO by 26.9% in the second 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 last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of VIZIO by 0.7% in the third quarter. Geode Capital Management LLC now owns 2,111,848 shares of the company’s stock worth $23,594,000 after buying an additional 13,855 shares in the last quarter. 66.24% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

VZIO has been the subject of several research reports. Needham & Company LLC reaffirmed a “hold” rating on shares of VIZIO in a research note on Wednesday, October 9th. Barrington Research cut 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, the company currently has an average rating of “Hold” and a consensus price target of $11.08.

VIZIO Price Performance

NYSE:VZIO opened at $11.35 on Friday. The company’s 50-day moving average is $11.26 and its two-hundred day moving average is $11.09. VIZIO Holding Corp. has a 1-year low of $6.84 and a 1-year high of $11.40. The firm has a market capitalization of $2.30 billion, a price-to-earnings ratio of 1,135.00 and a beta of 2.00.

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.