Vivint Solar Inc (VSLR) Shares Bought by Alps Advisors Inc.

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Alps Advisors Inc. boosted its position in Vivint Solar Inc (NYSE:VSLR) by 55.2% during the 1st quarter, Holdings Channel reports. The firm owned 32,844 shares of the company’s stock after purchasing an additional 11,686 shares during the period. Alps Advisors Inc.’s holdings in Vivint Solar were worth $163,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of VSLR. BNP Paribas Arbitrage SA lifted its position in shares of Vivint Solar by 742.3% during the first quarter. BNP Paribas Arbitrage SA now owns 8,768 shares of the company’s stock worth $44,000 after acquiring an additional 7,727 shares in the last quarter. Paloma Partners Management Co purchased a new stake in shares of Vivint Solar during the fourth quarter worth $57,000. Mitchell Capital Management Co. lifted its position in shares of Vivint Solar by 68.0% during the fourth quarter. Mitchell Capital Management Co. now owns 16,800 shares of the company’s stock worth $64,000 after acquiring an additional 6,800 shares in the last quarter. Two Sigma Advisers LP purchased a new stake in shares of Vivint Solar during the fourth quarter worth $67,000. Finally, Mackenzie Financial Corp purchased a new stake in shares of Vivint Solar during the fourth quarter worth $75,000. Institutional investors and hedge funds own 91.47% of the company’s stock.

Shares of VSLR stock opened at $6.34 on Monday. The company has a current ratio of 0.94, a quick ratio of 0.90 and a debt-to-equity ratio of 3.22. Vivint Solar Inc has a 52-week low of $3.55 and a 52-week high of $7.44. The firm has a market capitalization of $764.68 million, a P/E ratio of -2.66 and a beta of 0.53.

Vivint Solar (NYSE:VSLR) last issued its quarterly earnings data on Tuesday, March 5th. The company reported ($0.73) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.43) by ($0.30). Vivint Solar had a negative return on equity of 87.03% and a negative net margin of 9.90%. The business had revenue of $63.46 million during the quarter, compared to analysts’ expectations of $69.70 million. On average, analysts predict that Vivint Solar Inc will post -2.56 EPS for the current year.

In related news, COO Bryan Christiansen sold 7,921 shares of the stock in a transaction on Thursday, April 25th. The stock was sold at an average price of $6.00, for a total value of $47,526.00. Following the sale, the chief operating officer now owns 228,680 shares in the company, valued at $1,372,080. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Todd R. Pedersen sold 100,000 shares of the stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $6.39, for a total value of $639,000.00. The disclosure for this sale can be found here. Insiders sold 503,412 shares of company stock worth $3,099,854 in the last quarter. 4.20% of the stock is currently owned by company insiders.

Several equities research analysts have issued reports on the company. Zacks Investment Research upgraded Vivint Solar from a “sell” rating to a “hold” rating in a research report on Saturday, May 11th. Citigroup upgraded Vivint Solar from a “neutral” rating to a “buy” rating and increased their target price for the stock from $4.25 to $8.50 in a research report on Tuesday, May 7th. Roth Capital assumed coverage on Vivint Solar in a research report on Monday, May 6th. They set a “buy” rating and a $10.00 target price on the stock. ValuEngine downgraded Vivint Solar from a “buy” rating to a “hold” rating in a research report on Monday, March 25th. Finally, Bank of America increased their target price on Vivint Solar from $9.50 to $10.00 and gave the stock a “buy” rating in a research report on Monday, March 11th. One analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. Vivint Solar currently has an average rating of “Buy” and a consensus target price of $10.13.

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About Vivint Solar

Vivint Solar, Inc provides distributed solar energy primarily to residential customers in the United States. It owns and installs solar energy systems through long-term customer contracts. The company also sells photovoltaic installation products, as well as solar renewable energy certificates. As of December 31, 2018, it had an aggregate capacity of 1,060.9 megawatts covering approximately 154,600 homes.

Further Reading: Net Margin

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Institutional Ownership by Quarter for Vivint Solar (NYSE:VSLR)

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