Readystate Asset Management LP Invests $1.33 Million in VIZIO Holding Corp. (NYSE:VZIO)

Readystate Asset Management LP acquired a new position in shares of VIZIO Holding Corp. (NYSE:VZIO - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 172,197 shares of the company's stock, valued at approximately $1,326,000. Readystate Asset Management LP owned approximately 0.09% of VIZIO at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in VZIO. Point72 Middle East FZE bought a new position in VIZIO in the 4th quarter valued at about $46,000. Tower Research Capital LLC TRC lifted its position in VIZIO by 381.2% in the 2nd quarter. Tower Research Capital LLC TRC now owns 7,877 shares of the company's stock valued at $53,000 after acquiring an additional 6,240 shares in the last quarter. UBS Group AG lifted its position in VIZIO by 88.9% in the 3rd quarter. UBS Group AG now owns 6,378 shares of the company's stock valued at $56,000 after acquiring an additional 3,002 shares in the last quarter. AXQ Capital LP bought a new position in VIZIO in the 3rd quarter valued at about $63,000. Finally, Legal & General Group Plc purchased a new stake in VIZIO in the 2nd quarter valued at about $66,000. Institutional investors own 66.24% of the company's stock.

Insider Buying and Selling at VIZIO

In other news, Director David Eugene Russell sold 300,000 shares of VIZIO stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $9.91, for a total transaction of $2,973,000.00. Following the completion of the sale, the director now directly owns 2,536,542 shares of the company's stock, valued at approximately $25,137,131.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 45.06% of the company's stock.

VIZIO Price Performance

NYSE:VZIO remained flat at $10.75 during trading hours on Thursday. 1,839,911 shares of the company's stock traded hands, compared to its average volume of 2,679,156. The business's 50 day moving average price is $10.68 and its 200 day moving average price is $8.02. VIZIO Holding Corp. has a 1 year low of $4.82 and a 1 year high of $11.28. The stock has a market cap of $2.13 billion, a price-to-earnings ratio of 71.67, a price-to-earnings-growth ratio of 2.10 and a beta of 2.12.

VIZIO (NYSE:VZIO - Get Free Report) last announced its quarterly earnings results on Tuesday, February 27th. The company reported $0.07 EPS for the quarter, beating the consensus estimate of $0.02 by $0.05. VIZIO had a net margin of 1.68% and a return on equity of 6.84%. The firm had revenue of $502.60 million during the quarter, compared to the consensus estimate of $498.83 million. During the same period last year, the firm earned $0.03 EPS. The business's quarterly revenue was down 5.8% compared to the same quarter last year. Research analysts predict that VIZIO Holding Corp. will post 0.2 EPS for the current year.

Analysts Set New Price Targets

VZIO has been the subject of several analyst reports. Piper Sandler reiterated a "neutral" rating and issued a $11.50 price objective (down previously from $12.00) on shares of VIZIO in a research note on Wednesday, February 28th. Needham & Company LLC reiterated a "hold" rating on shares of VIZIO in a research note on Tuesday. Barrington Research lowered shares of VIZIO from an "outperform" rating to a "market perform" rating in a research note on Tuesday, February 20th. Roth Capital lowered shares of VIZIO from a "buy" rating to a "neutral" rating in a research note on Wednesday, February 21st. Finally, B. Riley lowered shares of VIZIO from a "buy" rating to a "neutral" rating and set a $11.50 price target for the company. in a research note on Tuesday, February 20th. One analyst has rated the stock with a sell rating and ten have assigned a hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $10.77.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.