Murchinson Ltd. Purchases New Position in VIZIO Holding Corp. (NYSE:VZIO)

Murchinson Ltd. acquired a new stake in VIZIO Holding Corp. (NYSE:VZIO) during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 18,000 shares of the company’s stock, valued at approximately $201,000.

Other institutional investors have also added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. purchased a new position in VIZIO during the second quarter valued at $27,000. Quest Partners LLC bought a new position in shares of VIZIO in the second quarter worth about $40,000. Future Financial Wealth Managment LLC purchased a new position in shares of VIZIO during the 3rd quarter valued at about $45,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of VIZIO during the 3rd quarter valued at approximately $45,000. Finally, FMR LLC increased its holdings in VIZIO by 77.9% in the 3rd quarter. FMR LLC now owns 6,256 shares of the company’s stock worth $70,000 after acquiring an additional 2,739 shares in the last quarter. 66.24% of the stock is currently owned by hedge funds and other institutional investors.

VIZIO Stock Down 0.4 %

Shares of VZIO opened at $11.35 on Wednesday. The business 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 PE ratio of 1,135.00 and a beta of 2.00. VIZIO Holding Corp. has a 52-week low of $6.84 and a 52-week high of $11.40.

Analyst Upgrades and Downgrades

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

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.