Future Financial Wealth Managment LLC Takes $44,000 Position in VIZIO Holding Corp. (NYSE:VZIO)

Future Financial Wealth Managment LLC bought a new position in shares of VIZIO Holding Corp. (NYSE:VZIO) in the 1st quarter, Holdings Channel.com reports. The institutional investor bought 4,009 shares of the company’s stock, valued at approximately $44,000.

A number of other hedge funds have also added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. grew its holdings in shares of VIZIO by 54.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 719,379 shares of the company’s stock valued at $3,892,000 after acquiring an additional 253,750 shares in the last quarter. Dark Forest Capital Management LP acquired a new stake in shares of VIZIO in the 3rd quarter valued at approximately $141,000. Trexquant Investment LP grew its stake in shares of VIZIO by 555.4% in the third quarter. Trexquant Investment LP now owns 220,523 shares of the company’s stock valued at $1,193,000 after buying an additional 186,875 shares in the last quarter. AXQ Capital LP acquired a new position in VIZIO during the third quarter worth $63,000. Finally, Kennedy Capital Management LLC raised its position in VIZIO by 798.8% during the third quarter. Kennedy Capital Management LLC now owns 765,486 shares of the company’s stock worth $4,141,000 after acquiring an additional 680,322 shares in the last quarter. Institutional investors own 66.24% of the company’s stock.

Insider Transactions at VIZIO

In other VIZIO news, COO Ben Bun Wong sold 59,449 shares of VIZIO stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $10.53, for a total transaction of $625,997.97. Following the completion of the transaction, the chief operating officer now owns 3,261,702 shares in the company, valued at $34,345,722.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, COO Ben Bun Wong sold 59,449 shares of VIZIO stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $10.53, for a total value of $625,997.97. Following the completion of the sale, the chief operating officer now owns 3,261,702 shares of the company’s stock, valued at $34,345,722.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Adam R. Townsend sold 97,110 shares of the company’s stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $10.53, for a total transaction of $1,022,568.30. Following the sale, the chief financial officer now directly owns 482,562 shares of the company’s stock, valued at $5,081,377.86. The disclosure for this sale can be found here. In the last quarter, insiders sold 542,902 shares of company stock valued at $5,741,999. Corporate insiders own 44.68% of the company’s stock.

Wall Street Analysts Forecast Growth

VZIO has been the subject of a number of research analyst reports. Barrington Research upgraded VIZIO from a “market perform” rating to an “outperform” rating in a report on Wednesday, May 29th. Needham & Company LLC reissued a “hold” rating on shares of VIZIO in a report on Friday, June 21st. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, VIZIO currently has a consensus rating of “Hold” and a consensus target price of $10.77.

VIZIO Trading Down 0.2 %

Shares of VZIO opened at $10.70 on Friday. VIZIO Holding Corp. has a 12-month low of $4.82 and a 12-month high of $11.28. The stock has a 50-day moving average price of $10.66 and a 200-day moving average price of $9.67. The company has a market cap of $2.12 billion, a PE ratio of 118.90, a price-to-earnings-growth ratio of 4.36 and a beta of 2.05.

VIZIO (NYSE:VZIO) last issued its earnings results on Wednesday, May 8th. The company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.07). VIZIO had a net margin of 1.00% and a return on equity of 3.91%. The company had revenue of $353.90 million for the quarter, compared to analysts’ expectations of $373.95 million. The business’s revenue was down .8% on a year-over-year basis. As a group, analysts predict that VIZIO Holding Corp. will post 0.1 earnings per share for the current year.

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.