CreativeOne Wealth LLC Sells 1,484 Shares of VIZIO Holding Corp. (NYSE:VZIO)

CreativeOne Wealth LLC lowered its position in VIZIO Holding Corp. (NYSE:VZIO) by 2.0% during the first quarter, Holdings Channel reports. The institutional investor owned 73,000 shares of the company’s stock after selling 1,484 shares during the quarter. CreativeOne Wealth LLC’s holdings in VIZIO were worth $799,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of VZIO. Assenagon Asset Management S.A. increased its position in shares of VIZIO by 65.4% during the fourth quarter. Assenagon Asset Management S.A. now owns 310,019 shares of the company’s stock worth $2,387,000 after purchasing an additional 122,613 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in VIZIO by 8.2% during the 4th quarter. The Manufacturers Life Insurance Company now owns 2,488,732 shares of the company’s stock valued at $19,163,000 after buying an additional 188,430 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. purchased a new stake in VIZIO in the first quarter valued at about $6,760,000. Vanguard Group Inc. boosted its holdings in VIZIO by 12.6% in the third quarter. Vanguard Group Inc. now owns 6,626,420 shares of the company’s stock worth $35,849,000 after acquiring an additional 740,941 shares in the last quarter. Finally, SG Americas Securities LLC grew its stake in shares of VIZIO by 36.8% during the fourth quarter. SG Americas Securities LLC now owns 61,274 shares of the company’s stock worth $472,000 after acquiring an additional 16,499 shares during the last quarter. Institutional investors own 66.24% of the company’s stock.

VIZIO Stock Performance

NYSE VZIO traded up $0.02 on Friday, reaching $11.02. 2,062,748 shares of the company’s stock traded hands, compared to its average volume of 1,954,199. VIZIO Holding Corp. has a fifty-two week low of $4.82 and a fifty-two week high of $11.28. The firm has a market cap of $2.18 billion, a price-to-earnings ratio of 122.40, a P/E/G ratio of 4.47 and a beta of 2.04. The stock has a 50 day moving average price of $10.78 and a 200-day moving average price of $10.16.

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

Wall Street Analyst Weigh In

A number of analysts recently commented on VZIO shares. Needham & Company LLC reiterated a “hold” rating on shares of VIZIO in a research note on Friday, June 21st. Barrington Research upgraded shares of VIZIO from a “market perform” rating to an “outperform” rating in a research note on Wednesday, May 29th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, VIZIO currently has an average rating of “Hold” and an average price target of $10.77.

Insider Buying and Selling at VIZIO

In related news, COO Ben Bun Wong sold 59,449 shares of the business’s stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $10.53, for a total transaction of $625,997.97. Following the completion of the sale, the chief operating officer now directly owns 3,261,702 shares in the company, valued at $34,345,722.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other VIZIO news, insider Michael Joseph O’donnell sold 43,397 shares of the firm’s stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of $10.63, for a total value of $461,310.11. Following the transaction, the insider now directly owns 604,919 shares of the company’s stock, valued at approximately $6,430,288.97. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Ben Bun Wong sold 59,449 shares of the company’s stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $10.53, for a total value of $625,997.97. Following the completion of the sale, the chief operating officer now owns 3,261,702 shares of the company’s stock, valued at $34,345,722.06. The disclosure for this sale can be found here. Insiders sold 542,902 shares of company stock valued at $5,741,999 over the last quarter. 44.68% of the stock is currently owned by insiders.

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.