VIZIO (NYSE:VZIO) Rating Lowered to Hold at Barrington Research

Barrington Research lowered shares of VIZIO (NYSE:VZIO) from a strong-buy rating to a hold rating in a research report sent to investors on Thursday,Zacks.com reports.

Separately, Needham & Company LLC restated a “hold” rating on shares of VIZIO in a report on Wednesday, October 9th. Nine research analysts have rated the stock with a hold rating, Based on data from MarketBeat, VIZIO currently has a consensus rating of “Hold” and a consensus target price of $11.08.

VIZIO Stock Up 0.2 %

Shares of NYSE:VZIO opened at $11.30 on Thursday. The firm has a market cap of $2.27 billion, a price-to-earnings ratio of 1,130.00 and a beta of 2.03. VIZIO has a 12 month low of $5.26 and a 12 month high of $11.37. The company’s fifty day simple moving average is $11.22 and its 200 day simple moving average is $10.96.

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 transaction of $28,437.15. Following the completion of the sale, the insider now 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 44.68% of the stock is owned by company insiders.

Institutional Trading of VIZIO

Several large investors have recently modified their holdings of VZIO. 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 worth $73,440,000 after acquiring an additional 6,312,500 shares in the last quarter. Magnetar Financial LLC acquired a new stake in shares of VIZIO in the 1st quarter valued at $43,318,000. Vanguard Group Inc. increased its stake 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 valued at $84,090,000 after purchasing an additional 918,300 shares during the last quarter. Gabelli Funds LLC bought a new position in shares of VIZIO in the 1st quarter valued at $9,784,000. Finally, Hsbc Holdings PLC raised its holdings in shares of VIZIO by 26.9% during the 2nd quarter. Hsbc Holdings PLC now owns 2,162,523 shares of the company’s stock worth $23,290,000 after buying an additional 457,893 shares in the last quarter. 66.24% of the stock is owned by institutional investors and hedge funds.

VIZIO Company 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.