Intech Investment Management LLC Makes New Investment in VIZIO Holding Corp. (NYSE:VZIO)

Intech Investment Management LLC purchased a new position in VIZIO Holding Corp. (NYSE:VZIO) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor purchased 24,961 shares of the company’s stock, valued at approximately $279,000.

Several other institutional investors have also added to or reduced their stakes in the business. Water Island Capital LLC raised its position in VIZIO by 11.0% during the second quarter. Water Island Capital LLC now owns 3,192,078 shares of the company’s stock valued at $34,474,000 after acquiring an additional 315,757 shares in the last quarter. Wolverine Asset Management LLC increased its position in shares of VIZIO by 151.3% in the third quarter. Wolverine Asset Management LLC now owns 89,199 shares of the company’s stock valued at $996,000 after buying an additional 53,700 shares in the last quarter. Skandinaviska Enskilda Banken AB publ purchased a new stake in shares of VIZIO in the second quarter valued at approximately $1,636,000. Millennium Management LLC increased its position in shares of VIZIO by 10.6% in the second quarter. Millennium Management LLC now owns 996,278 shares of the company’s stock valued at $10,760,000 after buying an additional 95,144 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of VIZIO by 38.8% in the second quarter. Bank of New York Mellon Corp now owns 345,395 shares of the company’s stock valued at $3,730,000 after buying an additional 96,526 shares in the last quarter. Institutional investors and hedge funds own 66.24% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on VZIO shares. Needham & Company LLC restated a “hold” rating on shares of VIZIO in a research report on Wednesday, October 9th. Barrington Research lowered VIZIO from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 7th. Nine investment analysts have rated the stock with a hold rating, According to MarketBeat.com, VIZIO currently has a consensus rating of “Hold” and a consensus target price of $11.08.

VIZIO Stock Performance

Shares of VZIO stock opened at $11.35 on Thursday. The company has a market cap of $2.30 billion, a price-to-earnings ratio of 1,135.00 and a beta of 2.00. The stock has a 50 day simple moving average of $11.24 and a 200-day simple moving average of $11.05. VIZIO Holding Corp. has a 12-month low of $6.84 and a 12-month high of $11.40.

About VIZIO

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.