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

Cinctive Capital Management LP acquired a new position in shares of VIZIO Holding Corp. (NYSE:VZIO) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 800,000 shares of the company’s stock, valued at approximately $8,936,000. Cinctive Capital Management LP owned 0.40% of VIZIO as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of VZIO. Atom Investors LP bought a new position in VIZIO during the third quarter worth $537,000. Bardin Hill Management Partners LP acquired a new position in shares of VIZIO during the third quarter valued at about $8,069,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of VIZIO during the 3rd quarter worth about $45,000. Slotnik Capital LLC grew its stake in shares of VIZIO by 9.8% in the 3rd quarter. Slotnik Capital LLC now owns 560,000 shares of the company’s stock valued at $6,255,000 after buying an additional 50,000 shares during the period. Finally, Verition Fund Management LLC increased its position in VIZIO by 124.5% in the 3rd quarter. Verition Fund Management LLC now owns 573,683 shares of the company’s stock valued at $6,408,000 after buying an additional 318,134 shares in the last quarter. Institutional investors own 66.24% of the company’s stock.

VIZIO Trading Up 0.7 %

Shares of VIZIO stock opened at $11.39 on Monday. The company has a market capitalization of $2.31 billion, a P/E ratio of 1,139.00 and a beta of 2.00. The stock has a fifty day simple moving average of $11.24 and a 200 day simple moving average of $11.03. VIZIO Holding Corp. has a 12-month low of $6.63 and a 12-month high of $11.40.

Analyst Upgrades and Downgrades

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

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.