Victory Capital Management Inc. Sells 5,581 Shares of VIZIO Holding Corp. (NYSE:VZIO)

Victory Capital Management Inc. cut its holdings in shares of VIZIO Holding Corp. (NYSE:VZIOGet Rating) by 6.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 83,524 shares of the company’s stock after selling 5,581 shares during the quarter. Victory Capital Management Inc.’s holdings in VIZIO were worth $570,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Financial Management Professionals Inc. bought a new position in VIZIO in the 2nd quarter valued at about $32,000. Disciplined Growth Investors Inc. MN acquired a new stake in shares of VIZIO during the 1st quarter worth approximately $8,811,000. Keebeck Alpha LP acquired a new stake in shares of VIZIO during the 1st quarter worth approximately $113,000. Stephens Inc. AR acquired a new stake in shares of VIZIO during the 1st quarter worth approximately $208,000. Finally, Private Advisor Group LLC boosted its position in shares of VIZIO by 22.9% during the 1st quarter. Private Advisor Group LLC now owns 51,734 shares of the company’s stock worth $460,000 after acquiring an additional 9,624 shares in the last quarter. 15.20% of the stock is owned by institutional investors.

Insider Activity

In other news, major shareholder Technology Co. Ltd. Amtran sold 80,000 shares of the firm’s stock in a transaction on Monday, October 24th. The shares were sold at an average price of $10.70, for a total transaction of $856,000.00. Following the completion of the transaction, the insider now owns 10,978,812 shares of the company’s stock, valued at $117,473,288.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, major shareholder Technology Co. Ltd. Amtran sold 80,000 shares of VIZIO stock in a transaction on Monday, October 24th. The shares were sold at an average price of $10.70, for a total transaction of $856,000.00. Following the completion of the transaction, the insider now owns 10,978,812 shares of the company’s stock, valued at $117,473,288.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Julia S. Gouw sold 7,471 shares of VIZIO stock in a transaction on Thursday, August 18th. The stock was 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 disclosure for this sale can be found here. Over the last 90 days, insiders sold 833,520 shares of company stock valued at $9,496,503. Insiders own 45.43% of the company’s stock.

Analysts Set New Price Targets

VZIO has been the topic of several analyst reports. Wells Fargo & Company reduced their price target on shares of VIZIO from $17.00 to $16.00 and set an “overweight” rating on the stock in a research report on Thursday, August 11th. Guggenheim increased their price target on shares of VIZIO to $14.00 in a research report on Monday, August 15th. Finally, Craig Hallum cut their target price on shares of VIZIO to $14.00 in a research report on Thursday, October 13th. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $15.33.

VIZIO Price Performance

Shares of VIZIO stock opened at $9.97 on Tuesday. The company’s 50 day moving average price is $10.41 and its two-hundred day moving average price is $9.42. The firm has a market capitalization of $1.92 billion, a P/E ratio of -49.85, a P/E/G ratio of 42.08 and a beta of 1.72. VIZIO Holding Corp. has a fifty-two week low of $6.47 and a fifty-two week high of $22.17.

VIZIO (NYSE:VZIOGet Rating) last released its quarterly earnings results on Wednesday, August 10th. The company reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.04. The firm had revenue of $408.90 million during the quarter, compared to the consensus estimate of $407.17 million. VIZIO had a negative net margin of 1.77% and a negative return on equity of 11.40%. The company’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same quarter last year, the firm earned ($0.08) earnings per share. On average, analysts expect that VIZIO Holding Corp. will post 0.01 earnings per share for the current year.

VIZIO Company Profile

(Get Rating)

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.

Featured Articles

Want to see what other hedge funds are holding VZIO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for VIZIO Holding Corp. (NYSE:VZIOGet Rating).

Institutional Ownership by Quarter for VIZIO (NYSE:VZIO)

Receive News & Ratings for VIZIO Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for VIZIO and related companies with MarketBeat.com's FREE daily email newsletter.