Los Angeles Capital Management LLC Sells 2,170 Shares of Vivint Smart Home, Inc. (NYSE:VVNT)

Los Angeles Capital Management LLC reduced its holdings in shares of Vivint Smart Home, Inc. (NYSE:VVNT) by 4.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 43,840 shares of the company’s stock after selling 2,170 shares during the period. Los Angeles Capital Management LLC’s holdings in Vivint Smart Home were worth $414,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of VVNT. BlackRock Inc. grew its position in Vivint Smart Home by 15.9% during the second quarter. BlackRock Inc. now owns 5,664,900 shares of the company’s stock valued at $74,777,000 after acquiring an additional 776,951 shares during the last quarter. State Street Corp grew its holdings in shares of Vivint Smart Home by 36.8% in the second quarter. State Street Corp now owns 2,103,633 shares of the company’s stock worth $27,768,000 after purchasing an additional 565,600 shares during the last quarter. Ionic Capital Management LLC bought a new position in shares of Vivint Smart Home in the second quarter worth approximately $5,843,000. Vanguard Group Inc. grew its holdings in shares of Vivint Smart Home by 8.1% in the second quarter. Vanguard Group Inc. now owns 4,180,299 shares of the company’s stock worth $55,180,000 after purchasing an additional 311,687 shares during the last quarter. Finally, Capital CS Group LLC bought a new position in shares of Vivint Smart Home in the third quarter worth approximately $2,867,000. Institutional investors and hedge funds own 79.48% of the company’s stock.

Shares of Vivint Smart Home stock opened at $7.85 on Friday. The firm has a market capitalization of $1.64 billion, a P/E ratio of -3.52 and a beta of 0.62. The business has a fifty day simple moving average of $9.89 and a two-hundred day simple moving average of $11.00. Vivint Smart Home, Inc. has a 12 month low of $7.11 and a 12 month high of $24.17.

Vivint Smart Home (NYSE:VVNT) last announced its quarterly earnings data on Monday, November 15th. The company reported ($0.52) EPS for the quarter, missing the consensus estimate of ($0.36) by ($0.16). The business had revenue of $386.71 million during the quarter, compared to analyst estimates of $355.23 million. As a group, equities analysts expect that Vivint Smart Home, Inc. will post -1.79 EPS for the current year.

Several research analysts have recently issued reports on VVNT shares. Royal Bank of Canada cut shares of Vivint Smart Home from an “outperform” rating to a “sector perform” rating and set a $11.00 target price on the stock. in a report on Thursday, January 6th. Morgan Stanley cut their target price on shares of Vivint Smart Home from $14.00 to $10.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 6th. JPMorgan Chase & Co. reiterated an “overweight” rating and issued a $20.00 price target on shares of Vivint Smart Home in a report on Wednesday, September 29th. Imperial Capital upgraded shares of Vivint Smart Home from an “in-line” rating to an “outperform” rating and set a $17.00 price target on the stock in a report on Tuesday, November 16th. Finally, Zacks Investment Research cut shares of Vivint Smart Home from a “hold” rating to a “sell” rating in a report on Saturday, December 18th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $16.29.

About Vivint Smart Home

Vivint Smart Home, Inc, together with its subsidiaries, engages in the sale, installation, servicing, and monitoring of smart home and security systems primarily in the United States and Canada. The company's smart home platform includes cloud-enabled smart home operating systems; Vivint Assist, an AI-driven smart home automation and assistance software; software-enabled smart home devices; and tech-enabled services to educate, manage, and support the smart home.

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Institutional Ownership by Quarter for Vivint Smart Home (NYSE:VVNT)

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