VIZIO Holding Corp. (NYSE:VZIO) Stock Position Decreased by Russell Investments Group Ltd.

Russell Investments Group Ltd. cut its stake in VIZIO Holding Corp. (NYSE:VZIO - Free Report) by 85.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,027 shares of the company's stock after selling 73,983 shares during the period. Russell Investments Group Ltd.'s holdings in VIZIO were worth $100,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Assenagon Asset Management S.A. lifted its position in shares of VIZIO by 65.4% during the fourth quarter. Assenagon Asset Management S.A. now owns 310,019 shares of the company's stock valued at $2,387,000 after buying an additional 122,613 shares during the last quarter. Algert Global LLC purchased a new stake in shares of VIZIO during the third quarter valued at about $2,265,000. First Eagle Investment Management LLC raised its position in shares of VIZIO by 51.0% in the 3rd quarter. First Eagle Investment Management LLC now owns 593,311 shares of the company's stock valued at $3,210,000 after purchasing an additional 200,261 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position 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 purchasing an additional 253,750 shares during the last quarter. Finally, Trexquant Investment LP raised its position in shares of VIZIO by 555.4% in the 3rd quarter. Trexquant Investment LP now owns 220,523 shares of the company's stock valued at $1,193,000 after purchasing an additional 186,875 shares during the last quarter. 66.24% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently commented on VZIO. Craig Hallum reaffirmed a "hold" rating on shares of VIZIO in a research report on Wednesday, February 21st. Needham & Company LLC reaffirmed a "hold" rating on shares of VIZIO in a research report on Tuesday, April 16th. Roth Capital lowered shares of VIZIO from a "buy" rating to a "neutral" rating in a research report on Wednesday, February 21st. Barrington Research lowered shares of VIZIO from an "outperform" rating to a "market perform" rating in a research report on Tuesday, February 20th. Finally, Roth Mkm reissued a "neutral" rating and set a $11.50 price target (down from $12.00) on shares of VIZIO in a research report on Wednesday, February 21st. One equities research analyst has rated the stock with a sell rating and ten have given a hold rating to the company. Based on data from MarketBeat.com, VIZIO presently has a consensus rating of "Hold" and an average price target of $10.77.

VIZIO Stock Up 0.4 %

Shares of NYSE VZIO traded up $0.04 during midday trading on Friday, reaching $10.62. 856,460 shares of the stock were exchanged, compared to its average volume of 2,628,747. The firm has a market cap of $2.10 billion, a price-to-earnings ratio of 117.62, a PEG ratio of 3.02 and a beta of 2.08. VIZIO Holding Corp. has a twelve month low of $4.82 and a twelve month high of $11.28. The firm has a 50-day simple moving average of $10.75 and a two-hundred day simple moving average of $8.97.

VIZIO (NYSE:VZIO - Get Free Report) last released its quarterly earnings results on Wednesday, May 8th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $373.95 million. VIZIO's quarterly revenue was down .8% on a year-over-year basis. Research analysts expect that VIZIO Holding Corp. will post 0.14 EPS for the current fiscal year.

Insider Activity at VIZIO

In other VIZIO news, CEO William Wei Wang sold 135,046 shares of the firm's stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $10.54, for a total value of $1,423,384.84. Following the transaction, the chief executive officer now owns 1,529,972 shares in the company, valued at approximately $16,125,904.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO William Wei Wang sold 135,046 shares of VIZIO stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $10.54, for a total transaction of $1,423,384.84. Following the transaction, the chief executive officer now owns 1,529,972 shares in the company, valued at approximately $16,125,904.88. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Adam R. Townsend sold 97,110 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 $1,022,568.30. Following the transaction, the chief financial officer now owns 482,562 shares in the company, valued at approximately $5,081,377.86. The disclosure for this sale can be found here. In the last quarter, insiders have sold 305,377 shares of company stock valued at $3,217,108. 44.68% of the stock is owned by company insiders.

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.