River & Mercantile Asset Management LLP Takes $737,000 Position in Vivint Solar Inc (NYSE:VSLR)

River & Mercantile Asset Management LLP bought a new stake in Vivint Solar Inc (NYSE:VSLR) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 100,976 shares of the company’s stock, valued at approximately $737,000. River & Mercantile Asset Management LLP owned about 0.08% of Vivint Solar as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. BNP Paribas Arbitrage SA increased its position in Vivint Solar by 742.3% in the 1st quarter. BNP Paribas Arbitrage SA now owns 8,768 shares of the company’s stock valued at $44,000 after acquiring an additional 7,727 shares during the period. Rhumbline Advisers increased its position in Vivint Solar by 15.5% in the 1st quarter. Rhumbline Advisers now owns 49,948 shares of the company’s stock valued at $248,000 after acquiring an additional 6,705 shares during the period. Delek Group Ltd. acquired a new position in Vivint Solar in the 1st quarter valued at about $3,726,000. Weiss Asset Management LP increased its position in Vivint Solar by 28.0% in the 1st quarter. Weiss Asset Management LP now owns 20,574 shares of the company’s stock valued at $102,000 after acquiring an additional 4,495 shares during the period. Finally, FMR LLC increased its position in Vivint Solar by 3.1% in the 1st quarter. FMR LLC now owns 14,028,753 shares of the company’s stock valued at $69,723,000 after acquiring an additional 417,774 shares during the period. 91.45% of the stock is owned by institutional investors and hedge funds.

In related news, CFO Dana C. Russell sold 8,790 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $7.99, for a total value of $70,232.10. Following the sale, the chief financial officer now owns 303,649 shares of the company’s stock, valued at approximately $2,426,155.51. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Todd R. Pedersen sold 50,000 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $7.65, for a total value of $382,500.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 372,544 shares of company stock worth $2,905,647. 4.10% of the stock is owned by corporate insiders.

VSLR stock traded up $0.09 on Friday, reaching $6.73. The company had a trading volume of 288,002 shares, compared to its average volume of 1,599,603. Vivint Solar Inc has a 1 year low of $3.55 and a 1 year high of $9.82. The company has a debt-to-equity ratio of 3.70, a quick ratio of 0.85 and a current ratio of 0.89. The company’s fifty day moving average is $7.64 and its 200 day moving average is $6.92. The company has a market cap of $813.64 million, a P/E ratio of -2.83 and a beta of 0.34.

Vivint Solar (NYSE:VSLR) last posted its earnings results on Thursday, August 8th. The company reported ($0.73) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.56) by ($0.17). Vivint Solar had a negative net margin of 25.06% and a negative return on equity of 97.07%. The company had revenue of $90.80 million during the quarter, compared to analysts’ expectations of $91.92 million. During the same period in the previous year, the company posted ($0.50) EPS. Vivint Solar’s quarterly revenue was up 12.4% compared to the same quarter last year. On average, sell-side analysts predict that Vivint Solar Inc will post -2.66 earnings per share for the current year.

Several brokerages recently issued reports on VSLR. ValuEngine cut Vivint Solar from a “strong-buy” rating to a “buy” rating in a research report on Wednesday. Citigroup set a $11.00 target price on Vivint Solar and gave the stock a “buy” rating in a research report on Monday. Oppenheimer set a $11.00 target price on Vivint Solar and gave the stock a “buy” rating in a research report on Friday, August 9th. KeyCorp began coverage on Vivint Solar in a research report on Monday, August 19th. They set an “overweight” rating and a $12.00 target price on the stock. Finally, Bank of America boosted their target price on Vivint Solar from $12.50 to $14.00 and gave the stock a “buy” rating in a research report on Friday, August 9th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company. Vivint Solar has an average rating of “Buy” and an average target price of $11.67.

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.

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

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