Duality Advisers LP Reduces Stock Position in VIZIO Holding Corp. (NYSE:VZIO)

Duality Advisers LP reduced its position in shares of VIZIO Holding Corp. (NYSE:VZIO) by 17.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 35,183 shares of the company’s stock after selling 7,451 shares during the period. Duality Advisers LP’s holdings in VIZIO were worth $271,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Assenagon Asset Management S.A. grew its stake in shares of VIZIO by 65.4% in the fourth quarter. Assenagon Asset Management S.A. now owns 310,019 shares of the company’s stock worth $2,387,000 after acquiring an additional 122,613 shares during the last quarter. Algert Global LLC purchased a new stake in shares of VIZIO in the third quarter worth $2,265,000. First Eagle Investment Management LLC grew its stake in shares of VIZIO by 51.0% in the third quarter. First Eagle Investment Management LLC now owns 593,311 shares of the company’s stock worth $3,210,000 after acquiring an additional 200,261 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of VIZIO by 54.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 719,379 shares of the company’s stock worth $3,892,000 after acquiring an additional 253,750 shares during the last quarter. Finally, 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 worth $1,193,000 after acquiring an additional 186,875 shares during the last quarter. 66.24% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Wells Fargo & Company reissued an “equal weight” rating and issued a $11.50 target price (up previously from $10.00) on shares of VIZIO in a report on Tuesday, February 27th. Roth Mkm reaffirmed 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 21st. Roth Capital downgraded VIZIO from a “buy” rating to a “neutral” rating in a research note on Wednesday, February 21st. Barrington Research downgraded VIZIO from an “outperform” rating to a “market perform” rating in a research note on Tuesday, February 20th. Finally, B. Riley downgraded VIZIO from a “buy” rating to a “neutral” rating and set a $11.50 price objective on the stock. in a research note on Tuesday, February 20th. One equities research analyst has rated the stock with a sell rating and ten have issued a hold rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $10.77.

VIZIO Price Performance

NYSE VZIO opened at $10.75 on Friday. The stock has a market capitalization of $2.13 billion, a PE ratio of 71.67, a P/E/G ratio of 2.12 and a beta of 2.12. The business has a 50 day simple moving average of $10.90 and a two-hundred day simple moving average of $8.25. VIZIO Holding Corp. has a 1-year low of $4.82 and a 1-year high of $11.28.

VIZIO (NYSE:VZIO) last announced its earnings results on Tuesday, February 27th. The company reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.05. VIZIO had a return on equity of 6.84% and a net margin of 1.68%. The firm had revenue of $502.60 million during the quarter, compared to analysts’ expectations of $498.83 million. During the same quarter in the previous year, the business earned $0.03 EPS. The company’s quarterly revenue was down 5.8% on a year-over-year basis. On average, analysts anticipate that VIZIO Holding Corp. will post 0.2 EPS for the current fiscal year.

Insider Buying and Selling at VIZIO

In other VIZIO news, Director David Eugene Russell sold 300,000 shares of VIZIO stock in a transaction on Tuesday, February 13th. The stock was 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 sale was disclosed in a filing with the SEC, which is available at the SEC website. 45.06% of the stock is currently owned by corporate insiders.

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.