Atom Investors LP Purchases Shares of 48,087 VIZIO Holding Corp. (NYSE:VZIO)

Atom Investors LP purchased a new stake in VIZIO Holding Corp. (NYSE:VZIO - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 48,087 shares of the company's stock, valued at approximately $537,000.

Other institutional investors have also recently bought and sold shares of the company. Verition Fund Management LLC grew its stake in VIZIO by 124.5% in the 3rd quarter. Verition Fund Management LLC now owns 573,683 shares of the company's stock valued at $6,408,000 after purchasing an additional 318,134 shares during the period. Water Island Capital LLC grew its stake in shares of VIZIO by 11.0% during the 2nd quarter. Water Island Capital LLC now owns 3,192,078 shares of the company's stock worth $34,474,000 after acquiring an additional 315,757 shares during the period. Wolverine Asset Management LLC grew its stake in shares of VIZIO by 151.3% during the 3rd quarter. Wolverine Asset Management LLC now owns 89,199 shares of the company's stock worth $996,000 after acquiring an additional 53,700 shares during the period. Skandinaviska Enskilda Banken AB publ bought a new position in shares of VIZIO during the 2nd quarter worth $1,636,000. Finally, Millennium Management LLC grew its stake in shares of VIZIO by 10.6% during the 2nd quarter. Millennium Management LLC now owns 996,278 shares of the company's stock worth $10,760,000 after acquiring an additional 95,144 shares during the period. Institutional investors own 66.24% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on VZIO. Needham & Company LLC reiterated a "hold" rating on shares of VIZIO in a research note on Wednesday, October 9th. Barrington Research downgraded VIZIO from a "strong-buy" rating to a "hold" rating in a research note on Thursday, November 7th. Nine research analysts have rated the stock with a hold rating, According to MarketBeat, VIZIO has a consensus rating of "Hold" and a consensus price target of $11.08.

VIZIO Price Performance

NYSE VZIO remained flat at $11.35 during trading hours on Wednesday. VIZIO Holding Corp. has a 12-month low of $6.84 and a 12-month high of $11.40. The stock's fifty day moving average is $11.24 and its 200 day moving average is $11.05. The company has a market capitalization of $2.30 billion, a P/E ratio of 1,135.00 and a beta of 2.00.

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.