Via Renewables (NASDAQ:VIA) Lifted to Hold at StockNews.com

Via Renewables (NASDAQ:VIA – Get Rating) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a report issued on Saturday.

Via Renewables Trading Up 2.0 %

Shares of NASDAQ VIA opened at $12.65 on Friday. The firm’s 50-day moving average is $17.00 and its 200-day moving average is $26.37. The company has a quick ratio of 1.88, a current ratio of 1.89 and a debt-to-equity ratio of 9.54. Via Renewables has a 1 year low of $9.40 and a 1 year high of $45.45.

Institutional Trading of Via Renewables

Several hedge funds have recently bought and sold shares of the stock. Ellevest Inc. grew its stake in shares of Via Renewables by 1,471.8% during the 3rd quarter. Ellevest Inc. now owns 6,680 shares of the company’s stock worth $46,000 after acquiring an additional 6,255 shares in the last quarter. Citigroup Inc. grew its stake in shares of Via Renewables by 112.4% during the 1st quarter. Citigroup Inc. now owns 6,203 shares of the company’s stock worth $51,000 after acquiring an additional 3,282 shares in the last quarter. Schonfeld Strategic Advisors LLC bought a new position in shares of Via Renewables during the 4th quarter worth approximately $58,000. PDT Partners LLC bought a new position in shares of Via Renewables during the 4th quarter worth approximately $67,000. Finally, Virtu Financial LLC bought a new position in shares of Via Renewables during the 4th quarter worth approximately $69,000. 16.17% of the stock is currently owned by institutional investors and hedge funds.

About Via Renewables

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Via Renewables, Inc is an independent retail energy services company. It operates through the following segments: Retail Natural Gas and Retail Electricity. The Retail Natural Gas segment purchases natural gas through physical and financial transactions with market counterparts. The Retail Electricity segment obtains electricity through independent system operators and supply to residential and commercial consumers.