Arizona State Retirement System Has $155,000 Stake in VIZIO Holding Corp. (NYSE:VZIO)

Arizona State Retirement System grew its holdings in shares of VIZIO Holding Corp. (NYSE:VZIO) by 8.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 20,153 shares of the company’s stock after acquiring an additional 1,570 shares during the period. Arizona State Retirement System’s holdings in VIZIO were worth $155,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Raymond James & Associates grew its holdings in VIZIO by 5.5% in the fourth quarter. Raymond James & Associates now owns 49,317 shares of the company’s stock worth $380,000 after purchasing an additional 2,577 shares during the period. Financial Management Professionals Inc. boosted its position in shares of VIZIO by 45.2% during the 4th quarter. Financial Management Professionals Inc. now owns 18,315 shares of the company’s stock worth $141,000 after purchasing an additional 5,703 shares in the last quarter. AXQ Capital LP acquired a new stake in shares of VIZIO in the 3rd quarter valued at about $63,000. SG Americas Securities LLC increased its position in VIZIO by 36.8% in the 4th quarter. SG Americas Securities LLC now owns 61,274 shares of the company’s stock valued at $472,000 after buying an additional 16,499 shares in the last quarter. Finally, Duality Advisers LP raised its stake in VIZIO by 64.3% during the 3rd quarter. Duality Advisers LP now owns 42,634 shares of the company’s stock worth $231,000 after buying an additional 16,680 shares during the period. 66.24% of the stock is owned by institutional investors.

Insider Transactions at VIZIO

In related news, Director David Eugene Russell sold 300,000 shares of the stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $9.91, for a total transaction of $2,973,000.00. Following the completion of the transaction, the director now owns 2,536,542 shares in the company, valued at $25,137,131.22. The transaction was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 45.06% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on VZIO shares. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $11.50 price objective (up previously from $10.00) on shares of VIZIO in a research note on Wednesday, February 21st. Roth Capital lowered shares of VIZIO from a “buy” rating to a “neutral” rating in a research note on Wednesday, February 21st. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $11.50 price objective (up from $10.00) on shares of VIZIO in a research note on Tuesday, February 27th. TheStreet raised shares of VIZIO from a “d+” rating to a “c-” rating in a research report on Tuesday, February 20th. Finally, Roth Mkm reaffirmed a “neutral” rating and issued a $11.50 price target (down previously from $12.00) on shares of VIZIO in a research report on Wednesday, February 21st. One analyst has rated the stock with a sell rating and ten have assigned a hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $10.77.

VIZIO Stock Down 0.2 %

VIZIO stock opened at $10.76 on Tuesday. VIZIO Holding Corp. has a 52 week low of $4.82 and a 52 week high of $11.28. The company’s 50 day moving average price is $10.81 and its two-hundred day moving average price is $8.14. The stock has a market cap of $2.13 billion, a P/E ratio of 71.73, a P/E/G ratio of 2.12 and a beta of 2.12.

VIZIO (NYSE:VZIO) last issued its quarterly earnings results on Tuesday, February 27th. The company reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.05. The company had revenue of $502.60 million during the quarter, compared to the consensus estimate of $498.83 million. VIZIO had a return on equity of 6.84% and a net margin of 1.68%. VIZIO’s revenue was down 5.8% on a year-over-year basis. During the same period last year, the business posted $0.03 earnings per share. On average, equities analysts anticipate that VIZIO Holding Corp. will post 0.2 EPS for the current year.

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.