Westchester Capital Management LLC Sells 593,371 Shares of VIZIO Holding Corp. (NYSE:VZIO)

Westchester Capital Management LLC trimmed its holdings in shares of VIZIO Holding Corp. (NYSE:VZIO) by 43.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 776,248 shares of the company’s stock after selling 593,371 shares during the quarter. Westchester Capital Management LLC owned about 0.39% of VIZIO worth $8,671,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of VIZIO by 13.6% in the first quarter. Vanguard Group Inc. now owns 7,686,512 shares of the company’s stock worth $84,090,000 after purchasing an additional 918,300 shares during the last quarter. Pentwater Capital Management LP increased its holdings in shares of VIZIO by 1,294.9% in the 2nd quarter. Pentwater Capital Management LP now owns 6,800,000 shares of the company’s stock worth $73,440,000 after buying an additional 6,312,500 shares during the last quarter. Alpine Associates Management Inc. increased its holdings in shares of VIZIO by 10.3% in the 3rd quarter. Alpine Associates Management Inc. now owns 3,398,063 shares of the company’s stock worth $37,956,000 after buying an additional 317,765 shares during the last quarter. Water Island Capital LLC raised its position in shares of VIZIO by 11.0% during the 2nd quarter. Water Island Capital LLC now owns 3,192,078 shares of the company’s stock valued at $34,474,000 after buying an additional 315,757 shares in the last quarter. Finally, Hsbc Holdings PLC lifted its holdings in shares of VIZIO by 26.9% during the 2nd quarter. Hsbc Holdings PLC now owns 2,162,523 shares of the company’s stock worth $23,290,000 after acquiring an additional 457,893 shares during the last quarter. 66.24% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

VZIO has been the subject of several research analyst reports. Needham & Company LLC reaffirmed a “hold” rating on shares of VIZIO in a research note on Wednesday, October 9th. Barrington Research lowered VIZIO from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 7th. Nine analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $11.08.

VIZIO Stock Up 0.7 %

Shares of NYSE VZIO opened at $11.39 on Friday. The company has a market cap of $2.31 billion, a price-to-earnings ratio of 1,139.00 and a beta of 2.03. The firm’s fifty day moving average is $11.24 and its 200 day moving average is $11.03. VIZIO Holding Corp. has a 52 week low of $6.63 and a 52 week high of $11.40.

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.