Bardin Hill Management Partners LP Invests $8.07 Million in VIZIO Holding Corp. (NYSE:VZIO)

Bardin Hill Management Partners LP purchased a new stake in VIZIO Holding Corp. (NYSE:VZIO - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 722,402 shares of the company's stock, valued at approximately $8,069,000. VIZIO accounts for approximately 3.8% of Bardin Hill Management Partners LP's portfolio, making the stock its 9th biggest position. Bardin Hill Management Partners LP owned approximately 0.36% of VIZIO as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. increased its position in shares of VIZIO by 19.1% during the second quarter. Principal Financial Group Inc. now owns 12,004 shares of the company's stock worth $130,000 after buying an additional 1,926 shares during the period. Arizona State Retirement System grew its holdings in VIZIO by 11.0% in the second quarter. Arizona State Retirement System now owns 22,157 shares of the company's stock worth $239,000 after purchasing an additional 2,202 shares during the period. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in VIZIO in the second quarter worth $27,000. FMR LLC grew its holdings in VIZIO by 77.9% in the third quarter. FMR LLC now owns 6,256 shares of the company's stock worth $70,000 after purchasing an additional 2,739 shares during the period. Finally, Price T Rowe Associates Inc. MD grew its holdings in VIZIO by 15.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 21,953 shares of the company's stock worth $241,000 after purchasing an additional 2,983 shares during the period. 66.24% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have commented on VZIO. Needham & Company LLC restated a "hold" rating on shares of VIZIO in a report on Wednesday, October 9th. Barrington Research lowered shares of VIZIO from a "strong-buy" rating to a "hold" rating in a research note on Thursday, November 7th. Nine equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $11.08.

VIZIO Stock Performance

VZIO stock traded down $0.04 during mid-day trading on Monday, hitting $11.35. The company had a trading volume of 1,925,614 shares, compared to its average volume of 2,425,781. The firm has a market cap of $2.30 billion, a PE ratio of 1,137.00 and a beta of 2.00. 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 price is $11.24 and its two-hundred day moving average price is $11.04.

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.