Short Interest in VIZIO Holding Corp. (NYSE:VZIO) Grows By 26.0%

VIZIO Holding Corp. (NYSE:VZIO) saw a large growth in short interest during the month of September. As of September 15th, there was short interest totalling 27,030,000 shares, a growth of 26.0% from the August 31st total of 21,450,000 shares. Based on an average daily volume of 1,990,000 shares, the short-interest ratio is presently 13.6 days. Approximately 35.0% of the shares of the stock are sold short.

Insider Transactions at VIZIO

In other news, insider Michael Joseph O’donnell sold 2,555 shares of the business’s stock in a transaction 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 sale, the insider now directly owns 602,364 shares of the company’s stock, valued at $6,704,311.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 44.68% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. grew its position in 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 in the last quarter. Pentwater Capital Management LP increased its position in VIZIO by 1,294.9% during the second quarter. Pentwater Capital Management LP now owns 6,800,000 shares of the company’s stock worth $73,440,000 after buying an additional 6,312,500 shares during the last quarter. Magnetar Financial LLC acquired a new position in VIZIO during the first quarter worth $43,318,000. Water Island Capital LLC raised its holdings in VIZIO by 11.0% during the second quarter. Water Island Capital LLC now owns 3,192,078 shares of the company’s stock valued at $34,474,000 after buying an additional 315,757 shares in the last quarter. Finally, Alpine Associates Management Inc. lifted its position in shares of VIZIO by 9.7% in the second quarter. Alpine Associates Management Inc. now owns 3,080,298 shares of the company’s stock worth $33,267,000 after buying an additional 271,650 shares during the last quarter. Hedge funds and other institutional investors own 66.24% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Needham & Company LLC reaffirmed a “hold” rating on shares of VIZIO in a research note on Friday, June 21st. Nine investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $10.50.

VIZIO Stock Down 0.4 %

Shares of NYSE:VZIO traded down $0.04 during trading on Monday, reaching $11.17. 2,224,762 shares of the company traded hands, compared to its average volume of 2,403,001. VIZIO has a 1-year low of $4.82 and a 1-year high of $11.30. The firm has a market cap of $2.24 billion, a P/E ratio of 124.12 and a beta of 2.04. The firm has a fifty day simple moving average of $11.13 and a 200 day simple moving average of $10.89.

About VIZIO

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.