Bardin Hill Management Partners LP Makes New $8.07 Million Investment in VIZIO Holding Corp. (NYSE:VZIO)

Bardin Hill Management Partners LP acquired a new stake in VIZIO Holding Corp. (NYSE:VZIO) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 722,402 shares of the company’s stock, valued at approximately $8,069,000. VIZIO comprises 3.8% of Bardin Hill Management Partners LP’s holdings, making the stock its 9th largest position. Bardin Hill Management Partners LP owned about 0.36% of VIZIO as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of VZIO. Vanguard Group Inc. raised its holdings in VIZIO by 13.6% in the 1st quarter. Vanguard Group Inc. now owns 7,686,512 shares of the company’s stock valued at $84,090,000 after acquiring an additional 918,300 shares during the last quarter. Water Island Capital LLC grew its position in shares of VIZIO by 11.0% in the second quarter. Water Island Capital LLC now owns 3,192,078 shares of the company’s stock valued at $34,474,000 after purchasing an additional 315,757 shares during the period. Verition Fund Management LLC increased its stake in VIZIO by 124.5% in the third quarter. Verition Fund Management LLC now owns 573,683 shares of the company’s stock valued at $6,408,000 after purchasing an additional 318,134 shares during the last quarter. Wolverine Asset Management LLC lifted its position in VIZIO by 151.3% during the third quarter. Wolverine Asset Management LLC now owns 89,199 shares of the company’s stock worth $996,000 after buying an additional 53,700 shares during the period. Finally, Skandinaviska Enskilda Banken AB publ acquired a new stake in VIZIO in the 2nd quarter worth about $1,636,000. Hedge funds and other institutional investors own 66.24% of the company’s stock.

VIZIO Stock Performance

VZIO opened at $11.39 on Monday. The company has a market cap of $2.31 billion, a PE ratio of 1,139.00 and a beta of 2.03. VIZIO Holding Corp. has a 1 year low of $6.63 and a 1 year high of $11.40. The firm has a 50 day moving average price of $11.24 and a 200 day moving average price of $11.03.

Wall Street Analysts Forecast Growth

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

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.