VIZIO Holding Corp. (NYSE:VZIO) is Water Island Capital LLC’s 10th Largest Position

Water Island Capital LLC raised its holdings in shares of VIZIO Holding Corp. (NYSE:VZIO) by 11.0% during the second quarter, according to its most recent filing with the SEC. The firm owned 3,192,078 shares of the company’s stock after purchasing an additional 315,757 shares during the period. VIZIO accounts for about 3.7% of Water Island Capital LLC’s portfolio, making the stock its 10th largest position. Water Island Capital LLC owned 1.61% of VIZIO worth $34,474,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of VZIO. Pentwater Capital Management LP grew its stake in VIZIO by 1,294.9% in the second quarter. Pentwater Capital Management LP now owns 6,800,000 shares of the company’s stock valued at $73,440,000 after purchasing an additional 6,312,500 shares during the last quarter. Magnetar Financial LLC purchased a new position in shares of VIZIO in the 1st quarter worth approximately $43,318,000. Vanguard Group Inc. raised its stake in shares of VIZIO by 13.6% during the 1st quarter. Vanguard Group Inc. now owns 7,686,512 shares of the company’s stock worth $84,090,000 after acquiring an additional 918,300 shares in the last quarter. Gabelli Funds LLC purchased a new stake in VIZIO during the first quarter valued at approximately $9,784,000. Finally, Tokio Marine Asset Management Co. Ltd. acquired a new stake in VIZIO in the first quarter valued at approximately $6,760,000. Institutional investors own 66.24% of the company’s stock.

Insider Buying and Selling at VIZIO

In other news, insider Michael Joseph O’donnell sold 2,555 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $11.13, for a total value of $28,437.15. Following the completion of the transaction, the insider now directly owns 602,364 shares in the company, valued at $6,704,311.32. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 44.68% of the company’s stock.

VIZIO Price Performance

Shares of VZIO opened at $11.21 on Monday. The firm has a market capitalization of $2.22 billion, a PE ratio of 124.56 and a beta of 2.04. The company’s fifty day moving average price is $11.13 and its 200-day moving average price is $10.89. VIZIO Holding Corp. has a 1-year low of $4.82 and a 1-year high of $11.30.

Analyst Ratings Changes

Separately, Needham & Company LLC reaffirmed a “hold” rating on shares of VIZIO in a research report on Friday, June 21st. Nine analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $10.50.

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 entertainment solution, and data intelligence and services products through Inscape.