VIZIO Holding Corp. (NYSE:VZIO) Shares Sold by Kennedy Capital Management LLC

Kennedy Capital Management LLC cut its stake in VIZIO Holding Corp. (NYSE:VZIO) by 17.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 557,506 shares of the company’s stock after selling 113,985 shares during the quarter. Kennedy Capital Management LLC owned approximately 0.28% of VIZIO worth $6,099,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of VZIO. BTG Pactual Global Asset Management Ltd purchased a new stake in shares of VIZIO during the first quarter worth approximately $219,000. Blackstone Inc. purchased a new stake in shares of VIZIO during the first quarter worth approximately $987,000. Price T Rowe Associates Inc. MD increased its position in shares of VIZIO by 15.7% during 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 in the last quarter. Magnetar Financial LLC purchased a new stake in shares of VIZIO during the first quarter worth approximately $43,318,000. Finally, GABELLI & Co INVESTMENT ADVISERS INC. purchased a new stake in shares of VIZIO during the first quarter worth approximately $4,292,000. 66.24% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently commented on VZIO. Barrington Research upgraded VIZIO from a “market perform” rating to an “outperform” rating in a research report on Wednesday, May 29th. Needham & Company LLC restated a “hold” rating on shares of VIZIO in a report on Friday, June 21st. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $10.77.

Insider Activity

In other VIZIO news, insider Michael Joseph O’donnell sold 13,772 shares of the business’s stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $10.54, for a total transaction of $145,156.88. Following the completion of the sale, the insider now owns 340,443 shares of the company’s stock, valued at $3,588,269.22. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, CFO Adam R. Townsend sold 32,833 shares of the company’s stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $10.63, for a total transaction of $349,014.79. Following the completion of the transaction, the chief financial officer now directly owns 704,903 shares of the company’s stock, valued at $7,493,118.89. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Michael Joseph O’donnell sold 13,772 shares of the company’s stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $10.54, for a total value of $145,156.88. Following the transaction, the insider now directly owns 340,443 shares of the company’s stock, valued at $3,588,269.22. The disclosure for this sale can be found here. Insiders sold a total of 542,902 shares of company stock valued at $5,741,999 over the last quarter. Company insiders own 44.68% of the company’s stock.

VIZIO Stock Performance

VZIO stock remained flat at $10.98 during midday trading on Wednesday. The company had a trading volume of 161,554 shares, compared to its average volume of 2,528,517. The stock’s fifty day moving average is $10.80 and its 200-day moving average is $10.24. The stock has a market capitalization of $2.17 billion, a PE ratio of 122.00, a price-to-earnings-growth ratio of 4.47 and a beta of 2.04. VIZIO Holding Corp. has a 52-week low of $4.82 and a 52-week high of $11.28.

VIZIO (NYSE:VZIO) last issued its quarterly earnings data on Wednesday, May 8th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.07). The firm had revenue of $353.90 million for the quarter, compared to analyst estimates of $373.95 million. VIZIO had a return on equity of 3.91% and a net margin of 1.00%. The firm’s revenue was down .8% compared to the same quarter last year. Analysts predict that VIZIO Holding Corp. will post 0.1 EPS for the current fiscal year.

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.