Verition Fund Management LLC Grows Position in VIZIO Holding Corp. (NYSE:VZIO)

Verition Fund Management LLC lifted its holdings in shares of VIZIO Holding Corp. (NYSE:VZIO - Free Report) by 124.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 573,683 shares of the company's stock after buying an additional 318,134 shares during the quarter. Verition Fund Management LLC owned approximately 0.29% of VIZIO worth $6,408,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Pentwater Capital Management LP increased its position in shares of VIZIO by 1,294.9% during the second quarter. Pentwater Capital Management LP now owns 6,800,000 shares of the company's stock worth $73,440,000 after purchasing an additional 6,312,500 shares in the last quarter. Vanguard Group Inc. raised its position in shares of VIZIO by 13.6% in the first quarter. Vanguard Group Inc. now owns 7,686,512 shares of the company's stock valued at $84,090,000 after buying an additional 918,300 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of VIZIO in the third quarter worth about $10,087,000. Hsbc Holdings PLC boosted its position in VIZIO by 26.9% during the second quarter. Hsbc Holdings PLC now owns 2,162,523 shares of the company's stock worth $23,290,000 after acquiring an additional 457,893 shares during the last quarter. Finally, Alpine Associates Management Inc. grew its stake in VIZIO by 10.3% during the 3rd quarter. Alpine Associates Management Inc. now owns 3,398,063 shares of the company's stock valued at $37,956,000 after acquiring an additional 317,765 shares in the last quarter. 66.24% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

VZIO has been the topic of a number of analyst reports. Barrington Research downgraded VIZIO from a "strong-buy" rating to a "hold" rating in a research report on Thursday, November 7th. Needham & Company LLC reiterated a "hold" rating on shares of VIZIO in a report on Wednesday, October 9th. Nine research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, VIZIO presently has a consensus rating of "Hold" and a consensus price target of $11.08.

VIZIO Stock Down 0.2 %

VIZIO stock traded down $0.03 during mid-day trading on Monday, reaching $11.37. 2,722,153 shares of the company's stock were exchanged, compared to its average volume of 2,429,820. The company has a fifty day moving average of $11.24 and a 200-day moving average of $11.04. The company has a market cap of $2.30 billion, a P/E ratio of 1,137.00 and a beta of 2.00. VIZIO Holding Corp. has a twelve month low of $6.84 and a twelve month high of $11.40.

About VIZIO

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.