VIZIO Holding Corp. (NYSE:VZIO) Shares Acquired by Rhumbline Advisers

Rhumbline Advisers boosted its holdings in VIZIO Holding Corp. (NYSE:VZIO) by 25.1% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 129,487 shares of the company’s stock after acquiring an additional 26,020 shares during the quarter. Rhumbline Advisers’ holdings in VIZIO were worth $1,398,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of VZIO. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in VIZIO in the second quarter valued at $27,000. Future Financial Wealth Managment LLC acquired a new stake in VIZIO in the 1st quarter worth about $44,000. Meeder Asset Management Inc. acquired a new stake in VIZIO in the 1st quarter worth about $101,000. Principal Financial Group Inc. purchased a new position in shares of VIZIO in the 1st quarter worth about $110,000. Finally, ProShare Advisors LLC raised its holdings in shares of VIZIO by 8.5% in the 1st quarter. ProShare Advisors LLC now owns 13,801 shares of the company’s stock worth $151,000 after purchasing an additional 1,086 shares during the period. Hedge funds and other institutional investors own 66.24% of the company’s stock.

VIZIO Trading Up 1.0 %

Shares of VZIO opened at $11.25 on Friday. VIZIO Holding Corp. has a 52 week low of $4.82 and a 52 week high of $11.30. The firm has a market cap of $2.23 billion, a price-to-earnings ratio of 125.00 and a beta of 2.04. The stock has a 50 day moving average of $11.11 and a 200-day moving average of $10.89.

Analyst Upgrades and Downgrades

VZIO has been the topic of several analyst reports. Barrington Research upgraded VIZIO from a “market perform” rating to an “outperform” rating in a report on Wednesday, May 29th. Needham & Company LLC reiterated a “hold” rating on shares of VIZIO in a report on Friday, June 21st. Nine research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, VIZIO has a consensus rating of “Hold” and a consensus price target of $10.72.

Insider Activity at VIZIO

In related news, insider Michael Joseph O’donnell sold 2,555 shares of the business’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 completion of the transaction, the insider now owns 602,364 shares in the company, valued at approximately $6,704,311.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 44.68% of the company’s stock.

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.