Centiva Capital LP Grows Position in VIZIO Holding Corp. (NYSE:VZIO)

Centiva Capital LP boosted its stake in shares of VIZIO Holding Corp. (NYSE:VZIO) by 23.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,875,000 shares of the company’s stock after purchasing an additional 350,000 shares during the period. VIZIO makes up approximately 0.4% of Centiva Capital LP’s portfolio, making the stock its 12th biggest holding. Centiva Capital LP’s holdings in VIZIO were worth $20,944,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in VZIO. Vanguard Group Inc. grew its holdings 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 purchasing an additional 918,300 shares during the period. Pentwater Capital Management LP lifted its position in VIZIO by 1,294.9% during the second quarter. Pentwater Capital Management LP now owns 6,800,000 shares of the company’s stock valued at $73,440,000 after buying an additional 6,312,500 shares in the last quarter. Alpine Associates Management Inc. grew its stake in VIZIO by 10.3% during the third quarter. Alpine Associates Management Inc. now owns 3,398,063 shares of the company’s stock worth $37,956,000 after buying an additional 317,765 shares during the period. Water Island Capital LLC increased its position in shares of VIZIO by 11.0% in the second quarter. Water Island Capital LLC now owns 3,192,078 shares of the company’s stock worth $34,474,000 after acquiring an additional 315,757 shares in the last quarter. Finally, Hsbc Holdings PLC increased its position in shares of VIZIO by 26.9% in the second quarter. Hsbc Holdings PLC now owns 2,162,523 shares of the company’s stock worth $23,290,000 after acquiring an additional 457,893 shares in the last quarter. Institutional investors and hedge funds own 66.24% of the company’s stock.

Analyst Ratings Changes

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

VIZIO Price Performance

VIZIO stock opened at $11.39 on Monday. The firm’s fifty day moving average price is $11.24 and its 200 day moving average price is $11.03. The company has a market capitalization of $2.31 billion, a price-to-earnings ratio of 1,139.00 and a beta of 2.00. VIZIO Holding Corp. has a 12-month low of $6.63 and a 12-month high of $11.40.

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.