Cinctive Capital Management LP Acquires Shares of 800,000 VIZIO Holding Corp. (NYSE:VZIO)

Cinctive Capital Management LP bought a new position in VIZIO Holding Corp. (NYSE:VZIO) during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 800,000 shares of the company’s stock, valued at approximately $8,936,000.

Other institutional investors also recently modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of VIZIO in the 2nd quarter worth approximately $27,000. Quest Partners LLC bought a new stake in shares of VIZIO in the second quarter valued at $40,000. Future Financial Wealth Managment LLC purchased a new position in shares of VIZIO during the 3rd quarter valued at $45,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of VIZIO during the 3rd quarter worth $45,000. Finally, FMR LLC increased its holdings in VIZIO by 77.9% in the 3rd quarter. FMR LLC now owns 6,256 shares of the company’s stock worth $70,000 after acquiring an additional 2,739 shares during the last quarter. 66.24% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

VIZIO Stock Performance

NYSE:VZIO opened at $11.39 on Monday. VIZIO Holding Corp. has a 52-week low of $6.63 and a 52-week high of $11.40. The stock has a fifty day moving average of $11.24 and a 200 day moving average of $11.03. The firm has a market capitalization of $2.31 billion, a price-to-earnings ratio of 1,139.00 and a beta of 2.00.

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.