Readystate Asset Management LP Acquires New Position in VIZIO Holding Corp. (NYSE:VZIO)

Readystate Asset Management LP acquired a new stake in shares of VIZIO Holding Corp. (NYSE:VZIO) in the fourth quarter, Holdings Channel reports. The firm acquired 172,197 shares of the company’s stock, valued at approximately $1,326,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in VZIO. Private Advisor Group LLC lifted its holdings in VIZIO by 22.9% during the 1st quarter. Private Advisor Group LLC now owns 51,734 shares of the company’s stock valued at $460,000 after buying an additional 9,624 shares in the last quarter. BlackRock Inc. raised its holdings in shares of VIZIO by 1.9% in the 1st quarter. BlackRock Inc. now owns 467,715 shares of the company’s stock valued at $4,157,000 after purchasing an additional 8,755 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of VIZIO by 2.8% in the 1st quarter. Vanguard Group Inc. now owns 3,339,228 shares of the company’s stock valued at $29,686,000 after purchasing an additional 89,989 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of VIZIO by 2.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 184,140 shares of the company’s stock valued at $1,638,000 after purchasing an additional 4,468 shares in the last quarter. Finally, Renaissance Technologies LLC bought a new stake in shares of VIZIO in the 1st quarter valued at about $677,000. Institutional investors own 66.24% of the company’s stock.

Insider Activity

In other news, Director David Eugene Russell sold 300,000 shares of the company’s stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $9.91, for a total value of $2,973,000.00. Following 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 can be accessed through this hyperlink. Insiders own 45.06% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Barrington Research lowered shares of VIZIO from an “outperform” rating to a “market perform” rating in a report on Tuesday, February 20th. Needham & Company LLC restated a “hold” rating on shares of VIZIO in a report on Tuesday. Craig Hallum restated a “hold” rating on shares of VIZIO in a report on Wednesday, February 21st. TheStreet upgraded shares of VIZIO from a “d+” rating to a “c-” rating in a research note on Tuesday, February 20th. Finally, Roth Capital lowered shares of VIZIO from a “buy” rating to a “neutral” rating in a research note on Wednesday, February 21st. One investment analyst has rated the stock with a sell rating and ten have given a hold rating to the company’s stock. According to MarketBeat.com, VIZIO has a consensus rating of “Hold” and an average target price of $10.77.

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 stock has a market cap of $2.13 billion, a PE ratio of 71.67, a price-to-earnings-growth ratio of 2.10 and a beta of 2.12. VIZIO Holding Corp. has a 12 month low of $4.82 and a 12 month high of $11.28. The company’s 50-day moving average is $10.68 and its 200 day moving average is $8.02.

VIZIO (NYSE:VZIO) last released its earnings results on Tuesday, February 27th. The company reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.05. The company had revenue of $502.60 million for the quarter, compared to the consensus estimate of $498.83 million. VIZIO had a net margin of 1.68% and a return on equity of 6.84%. VIZIO’s revenue was down 5.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.03 EPS. As a group, equities research analysts predict that VIZIO Holding Corp. will post 0.2 EPS for the current year.

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.