Wolverine Asset Management LLC Purchases 53,700 Shares of VIZIO Holding Corp. (NYSE:VZIO)

Wolverine Asset Management LLC lifted its holdings in VIZIO Holding Corp. (NYSE:VZIO - Free Report) by 151.3% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 89,199 shares of the company's stock after purchasing an additional 53,700 shares during the period. Wolverine Asset Management LLC's holdings in VIZIO were worth $996,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in VZIO. ProShare Advisors LLC grew its holdings in VIZIO by 8.5% during the first quarter. ProShare Advisors LLC now owns 13,801 shares of the company's stock valued at $151,000 after purchasing an additional 1,086 shares during the period. Vanguard Group Inc. raised its stake in VIZIO by 13.6% during the 1st quarter. Vanguard Group Inc. now owns 7,686,512 shares of the company's stock worth $84,090,000 after acquiring an additional 918,300 shares during the period. Gamco Investors INC. ET AL purchased a new position in VIZIO during the first quarter valued at approximately $359,000. Gabelli Funds LLC bought a new position in shares of VIZIO in the first quarter worth approximately $9,784,000. Finally, GABELLI & Co INVESTMENT ADVISERS INC. purchased a new stake in shares of VIZIO in the first quarter worth $4,292,000. Hedge funds and other institutional investors own 66.24% of the company's stock.

VIZIO Stock Performance

Shares of VZIO traded down $0.06 during midday trading on Wednesday, hitting $11.11. 2,707,004 shares of the company traded hands, compared to its average volume of 2,425,785. VIZIO Holding Corp. has a 52 week low of $6.45 and a 52 week high of $11.37. The firm has a 50 day moving average of $11.22 and a 200-day moving average of $10.97. The stock has a market cap of $2.23 billion, a price-to-earnings ratio of 1,118.00 and a beta of 2.03.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Needham & Company LLC restated 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 report on Thursday, November 7th. Nine equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $11.08.

Insider Activity at VIZIO

In other news, insider Michael Joseph O'donnell sold 2,555 shares of the company's stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $11.13, for a total transaction of $28,437.15. Following the sale, the insider now directly owns 602,364 shares of the company's stock, valued at $6,704,311.32. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 44.68% of the stock is owned by corporate insiders.

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.