VIZIO (NYSE:VZIO) Downgraded to Hold Rating by Barrington Research

Barrington Research downgraded shares of VIZIO (NYSE:VZIO) from a strong-buy rating to a hold rating in a research report sent to investors on Thursday,Zacks.com reports.

Separately, Needham & Company LLC restated a “hold” rating on shares of VIZIO in a research note on Wednesday, October 9th. Nine investment analysts have rated the stock with a hold rating, According to MarketBeat, the company has an average rating of “Hold” and an average price target of $11.08.

VIZIO Price Performance

Shares of VZIO opened at $11.30 on Thursday. The company has a market cap of $2.27 billion, a PE ratio of 1,130.00 and a beta of 2.03. The firm has a 50-day moving average of $11.22 and a 200-day moving average of $10.96. VIZIO has a one year low of $5.26 and a one year high of $11.37.

Insider Transactions at VIZIO

In other news, insider Michael Joseph O’donnell sold 2,555 shares of the stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $11.13, for a total transaction of $28,437.15. Following the transaction, the insider now owns 602,364 shares in the company, valued at approximately $6,704,311.32. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 44.68% of the company’s stock.

Hedge Funds Weigh In On VIZIO

Several institutional investors and hedge funds have recently modified their holdings of the business. ProShare Advisors LLC boosted its holdings in VIZIO by 8.5% in the 1st quarter. ProShare Advisors LLC now owns 13,801 shares of the company’s stock valued at $151,000 after purchasing an additional 1,086 shares during the period. Principal Financial Group Inc. boosted its stake in shares of VIZIO by 19.1% in the second quarter. Principal Financial Group Inc. now owns 12,004 shares of the company’s stock valued at $130,000 after buying an additional 1,926 shares during the period. Arizona State Retirement System grew its position in VIZIO by 11.0% during the second quarter. Arizona State Retirement System now owns 22,157 shares of the company’s stock worth $239,000 after buying an additional 2,202 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new position in VIZIO during the 2nd quarter worth $27,000. Finally, Price T Rowe Associates Inc. MD raised its holdings in VIZIO by 15.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 21,953 shares of the company’s stock valued at $241,000 after acquiring an additional 2,983 shares in the last quarter. 66.24% of the stock is currently owned by institutional investors and hedge funds.

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.