Gamco Investors INC. ET AL Takes $359,000 Position in VIZIO Holding Corp. (NYSE:VZIO)

Gamco Investors INC. ET AL purchased a new position in VIZIO Holding Corp. (NYSE:VZIO) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 32,810 shares of the company’s stock, valued at approximately $359,000.

A number of other hedge funds have also modified their holdings of the stock. Vanguard Group Inc. increased its stake in shares of VIZIO by 13.6% in the first quarter. Vanguard Group Inc. now owns 7,686,512 shares of the company’s stock worth $84,090,000 after acquiring an additional 918,300 shares during the last quarter. ProShare Advisors LLC increased its stake in shares of VIZIO by 8.5% in the first quarter. ProShare Advisors LLC now owns 13,801 shares of the company’s stock worth $151,000 after acquiring an additional 1,086 shares during the last quarter. Meeder Asset Management Inc. acquired a new position in shares of VIZIO in the first quarter worth $101,000. Susquehanna Fundamental Investments LLC acquired a new position in shares of VIZIO in the first quarter worth $1,612,000. Finally, Tokio Marine Asset Management Co. Ltd. acquired a new position in shares of VIZIO in the first quarter worth $6,760,000. 66.24% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

VZIO has been the topic of a number of research reports. Barrington Research raised shares of VIZIO from a “market perform” rating to an “outperform” rating in a research note on Wednesday, May 29th. Needham & Company LLC reissued a “hold” rating on shares of VIZIO in a research report on Friday, June 21st. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $10.77.

VIZIO Stock Performance

Shares of NYSE:VZIO traded up $0.02 during midday trading on Friday, hitting $11.02. The company’s stock had a trading volume of 2,062,748 shares, compared to its average volume of 1,954,199. The stock has a market capitalization of $2.18 billion, a price-to-earnings ratio of 122.46, a PEG ratio of 4.48 and a beta of 2.04. The stock’s 50 day simple moving average is $10.78 and its 200 day simple moving average is $10.18. VIZIO Holding Corp. has a fifty-two week low of $4.82 and a fifty-two week high of $11.28.

VIZIO (NYSE:VZIO) last issued its quarterly earnings results on Wednesday, May 8th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.07). The business had revenue of $353.90 million during the quarter, compared to analyst estimates of $373.95 million. VIZIO had a net margin of 1.00% and a return on equity of 3.91%. The firm’s quarterly revenue was down .8% compared to the same quarter last year. As a group, analysts anticipate that VIZIO Holding Corp. will post 0.1 EPS for the current year.

Insider Activity at VIZIO

In related news, insider Michael Joseph O’donnell sold 43,397 shares of the stock in a transaction dated Friday, June 21st. The shares were sold at an average price of $10.63, for a total value of $461,310.11. Following the completion of the sale, the insider now owns 604,919 shares in the company, valued at $6,430,288.97. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other VIZIO news, CFO Adam R. Townsend sold 32,833 shares of the firm’s stock in a transaction dated Friday, June 21st. The shares were sold at an average price of $10.63, for a total transaction of $349,014.79. Following the completion of the transaction, the chief financial officer now owns 704,903 shares in the company, valued at $7,493,118.89. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Michael Joseph O’donnell sold 43,397 shares of the firm’s stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $10.63, for a total transaction of $461,310.11. Following the transaction, the insider now owns 604,919 shares of the company’s stock, valued at approximately $6,430,288.97. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 542,902 shares of company stock worth $5,741,999. Company insiders own 44.68% of the company’s stock.

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.