Vivint Solar Inc (NYSE:VSLR) major shareholder 313 Acquisition Llc sold 8,000,000 shares of the business’s stock in a transaction on Tuesday, December 4th. The stock was sold at an average price of $5.20, for a total value of $41,600,000.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.
Shares of Vivint Solar stock opened at $5.22 on Friday. Vivint Solar Inc has a 12-month low of $2.70 and a 12-month high of $7.44. The company has a current ratio of 1.58, a quick ratio of 1.48 and a debt-to-equity ratio of 3.23. The firm has a market cap of $637.15 million, a PE ratio of -3.30 and a beta of -0.36.
Vivint Solar (NYSE:VSLR) last issued its quarterly earnings results on Tuesday, November 6th. The company reported ($0.61) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.39). Vivint Solar had a net margin of 61.71% and a negative return on equity of 50.31%. The business had revenue of $77.88 million for the quarter, compared to analysts’ expectations of $88.54 million. During the same quarter in the prior year, the firm posted ($0.33) EPS. The business’s quarterly revenue was up 3.7% compared to the same quarter last year. Equities research analysts predict that Vivint Solar Inc will post -2.08 EPS for the current fiscal year.
Several hedge funds have recently modified their holdings of VSLR. FMR LLC grew its holdings in shares of Vivint Solar by 17.2% during the third quarter. FMR LLC now owns 10,679,047 shares of the company’s stock valued at $55,531,000 after buying an additional 1,567,320 shares in the last quarter. Bank of America Corp DE grew its holdings in shares of Vivint Solar by 1,965.0% during the second quarter. Bank of America Corp DE now owns 562,550 shares of the company’s stock valued at $2,784,000 after buying an additional 535,308 shares in the last quarter. Point72 Asset Management L.P. grew its holdings in shares of Vivint Solar by 166.9% during the third quarter. Point72 Asset Management L.P. now owns 476,511 shares of the company’s stock valued at $2,478,000 after buying an additional 297,959 shares in the last quarter. BlackRock Inc. grew its holdings in shares of Vivint Solar by 15.8% during the second quarter. BlackRock Inc. now owns 1,986,795 shares of the company’s stock valued at $9,834,000 after buying an additional 270,923 shares in the last quarter. Finally, Janney Montgomery Scott LLC purchased a new position in shares of Vivint Solar during the third quarter valued at $406,000. Institutional investors and hedge funds own 89.41% of the company’s stock.
A number of equities research analysts have recently issued reports on VSLR shares. Zacks Investment Research lowered Vivint Solar from a “hold” rating to a “sell” rating in a research report on Saturday, August 11th. ValuEngine raised Vivint Solar from a “hold” rating to a “buy” rating in a research report on Thursday, November 8th. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $5.50.
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Vivint Solar Company Profile
Vivint Solar, Inc provides distributed solar energy to residential, commercial, and industrial customers in the United States. The company operates in two segments, Residential, and Commercial and Industrial. 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.
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