Zurcher Kantonalbank Zurich Cantonalbank Acquires 2,979 Shares of VIZIO Holding Corp. (NYSE:VZIO)

Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of VIZIO Holding Corp. (NYSE:VZIO) by 26.6% in the 4th quarter, Holdings Channel.com reports. The fund owned 14,166 shares of the company’s stock after purchasing an additional 2,979 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in VIZIO were worth $109,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of VZIO. Vanguard Group Inc. increased its holdings in VIZIO by 12.6% in the third quarter. Vanguard Group Inc. now owns 6,626,420 shares of the company’s stock valued at $35,849,000 after purchasing an additional 740,941 shares during the period. American Century Companies Inc. increased its stake in shares of VIZIO by 20.2% in the third quarter. American Century Companies Inc. now owns 3,130,122 shares of the company’s stock valued at $16,934,000 after buying an additional 525,334 shares during the period. Kennedy Capital Management LLC raised its position in shares of VIZIO by 798.8% during the third quarter. Kennedy Capital Management LLC now owns 765,486 shares of the company’s stock worth $4,141,000 after acquiring an additional 680,322 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of VIZIO by 54.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 719,379 shares of the company’s stock worth $3,892,000 after acquiring an additional 253,750 shares during the period. Finally, First Eagle Investment Management LLC boosted its holdings in VIZIO by 51.0% in the third quarter. First Eagle Investment Management LLC now owns 593,311 shares of the company’s stock valued at $3,210,000 after acquiring an additional 200,261 shares during the last quarter. Institutional investors and hedge funds own 66.24% of the company’s stock.

VIZIO Stock Down 1.6 %

Shares of NYSE:VZIO opened at $10.32 on Friday. The stock’s 50 day moving average is $10.87 and its 200-day moving average is $8.58. VIZIO Holding Corp. has a twelve month low of $4.82 and a twelve month high of $11.28. The firm has a market capitalization of $2.04 billion, a price-to-earnings ratio of 68.73, a PEG ratio of 2.11 and a beta of 2.08.

VIZIO (NYSE:VZIO) last released its quarterly earnings data on Wednesday, May 8th. The company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.07). VIZIO had a net margin of 1.68% and a return on equity of 6.84%. The business had revenue of $353.90 million during the quarter, compared to the consensus estimate of $373.95 million. The firm’s revenue for the quarter was down .8% compared to the same quarter last year. Equities research analysts anticipate that VIZIO Holding Corp. will post 0.2 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director David Eugene Russell sold 300,000 shares of VIZIO stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $9.91, for a total transaction of $2,973,000.00. Following the transaction, the director now owns 2,536,542 shares of the company’s stock, valued at $25,137,131.22. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 45.06% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on VZIO. JPMorgan Chase & Co. restated a “neutral” rating and set a $11.50 price target (up previously from $10.00) on shares of VIZIO in a report on Wednesday, February 21st. Craig Hallum reaffirmed a “hold” rating on shares of VIZIO in a research report on Wednesday, February 21st. Wells Fargo & Company reissued 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 VIZIO from a “d+” rating to a “c-” rating in a research note on Tuesday, February 20th. Finally, Roth Capital lowered VIZIO from a “buy” rating to a “neutral” rating in a research note on Wednesday, February 21st. One equities research analyst has rated the stock with a sell rating and ten have given a hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $10.77.

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.