Teachers Retirement System of The State of Kentucky boosted its holdings in shares of VIZIO Holding Corp. (NYSE:VZIO – Get Rating) by 37.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 157,081 shares of the company’s stock after buying an additional 42,448 shares during the quarter. Teachers Retirement System of The State of Kentucky owned 0.08% of VIZIO worth $1,396,000 as of its most recent SEC filing.
A number of other hedge funds also recently added to or reduced their stakes in VZIO. Advisor Group Holdings Inc. lifted its holdings in VIZIO by 502.1% during the 4th quarter. Advisor Group Holdings Inc. now owns 6,864 shares of the company’s stock worth $133,000 after buying an additional 5,724 shares in the last quarter. Raymond James & Associates acquired a new stake in VIZIO during the 4th quarter worth approximately $197,000. Principal Financial Group Inc. purchased a new stake in shares of VIZIO in the 4th quarter valued at approximately $1,214,000. Private Advisor Group LLC purchased a new stake in shares of VIZIO in the 4th quarter valued at approximately $818,000. Finally, Ardmore Road Asset Management LP purchased a new stake in shares of VIZIO in the 4th quarter valued at approximately $16,127,000. 15.20% of the stock is currently owned by institutional investors and hedge funds.
Insiders Place Their Bets
In other VIZIO news, Director Julia S. Gouw sold 7,471 shares of the firm’s stock in a transaction on Thursday, August 18th. The shares were sold at an average price of $12.52, for a total transaction of $93,536.92. Following the transaction, the director now directly owns 54,807 shares of the company’s stock, valued at approximately $686,183.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Julia S. Gouw sold 7,471 shares of the firm’s stock in a transaction on Thursday, August 18th. The shares were sold at an average price of $12.52, for a total value of $93,536.92. Following the completion of the sale, the director now owns 54,807 shares in the company, valued at approximately $686,183.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Technology Co. Ltd. Amtran sold 70,000 shares of the firm’s stock in a transaction on Monday, June 27th. The stock was sold at an average price of $8.08, for a total transaction of $565,600.00. Following the completion of the sale, the insider now owns 13,185,877 shares of the company’s stock, valued at approximately $106,541,886.16. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,135,310 shares of company stock valued at $11,906,584. Insiders own 45.43% of the company’s stock.
Analyst Upgrades and Downgrades
VIZIO Price Performance
NYSE VZIO opened at $10.13 on Friday. The firm’s fifty day moving average price is $10.59 and its 200 day moving average price is $9.11. The company has a market capitalization of $1.95 billion, a price-to-earnings ratio of -50.65 and a beta of 1.41. VIZIO Holding Corp. has a 12 month low of $6.47 and a 12 month high of $22.17.
VIZIO (NYSE:VZIO – Get Rating) last posted its earnings results on Wednesday, August 10th. The company reported $0.01 EPS for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.04. VIZIO had a negative net margin of 1.77% and a negative return on equity of 11.40%. The firm had revenue of $408.90 million for the quarter, compared to the consensus estimate of $407.17 million. During the same period last year, the firm posted ($0.08) EPS. The company’s revenue was up 1.9% on a year-over-year basis.
VIZIO Company 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 home entertainment solution, and data intelligence and services products through Inscape.
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