Bardin Hill Management Partners LP Buys New Position in VIZIO Holding Corp. (NYSE:VZIO)

Bardin Hill Management Partners LP purchased a new position in VIZIO Holding Corp. (NYSE:VZIO) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 722,402 shares of the company’s stock, valued at approximately $8,069,000. VIZIO accounts for 3.8% of Bardin Hill Management Partners LP’s portfolio, making the stock its 9th biggest holding.

Several other large investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of VIZIO by 13.6% during the first 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 in the last quarter. Water Island Capital LLC increased its stake in VIZIO by 11.0% during the 2nd quarter. Water Island Capital LLC now owns 3,192,078 shares of the company’s stock worth $34,474,000 after buying an additional 315,757 shares during the period. Verition Fund Management LLC lifted its holdings in VIZIO by 124.5% in the 3rd quarter. Verition Fund Management LLC now owns 573,683 shares of the company’s stock worth $6,408,000 after buying an additional 318,134 shares in the last quarter. Wolverine Asset Management LLC boosted its position in VIZIO by 151.3% in the 3rd 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 during the last quarter. Finally, Skandinaviska Enskilda Banken AB publ acquired a new stake in shares of VIZIO during the second quarter valued at about $1,636,000. Institutional investors and hedge funds own 66.24% of the company’s stock.

VIZIO Stock Up 0.7 %

Shares of VIZIO stock opened at $11.39 on Monday. The business has a 50-day moving average price of $11.24 and a 200 day moving average price of $11.03. VIZIO Holding Corp. has a fifty-two week low of $6.63 and a fifty-two week high of $11.40. The firm has a market cap of $2.31 billion, a P/E ratio of 1,139.00 and a beta of 2.03.

Analyst Upgrades and Downgrades

VZIO has been the topic of several recent analyst reports. Needham & Company LLC reiterated a “hold” rating on shares of VIZIO in a research note on Wednesday, October 9th. Barrington Research lowered VIZIO from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 7th. Nine investment analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus 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.