Connor Clark & Lunn Investment Management Ltd. Cuts Stock Holdings in Via Renewables, Inc. (NASDAQ:VIA)

Connor Clark & Lunn Investment Management Ltd. trimmed its position in shares of Via Renewables, Inc. (NASDAQ:VIAFree Report) by 80.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,880 shares of the company’s stock after selling 63,005 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned 0.21% of Via Renewables worth $273,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of the company. Citigroup Inc. raised its stake in Via Renewables by 112.4% in the 1st quarter. Citigroup Inc. now owns 6,203 shares of the company’s stock valued at $51,000 after acquiring an additional 3,282 shares during the period. Schonfeld Strategic Advisors LLC purchased a new stake in shares of Via Renewables during the fourth quarter valued at approximately $58,000. FMR LLC boosted its stake in shares of Via Renewables by 1,109.4% during the second quarter. FMR LLC now owns 11,332 shares of the company’s stock valued at $87,000 after purchasing an additional 10,395 shares during the period. PDT Partners LLC bought a new position in shares of Via Renewables during the fourth quarter valued at approximately $67,000. Finally, Tower Research Capital LLC TRC raised its holdings in shares of Via Renewables by 38.0% during the third quarter. Tower Research Capital LLC TRC now owns 13,433 shares of the company’s stock valued at $93,000 after acquiring an additional 3,698 shares in the last quarter. 76.60% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on Via Renewables in a report on Thursday, August 17th. They issued a “hold” rating for the company.

Check Out Our Latest Report on VIA

Via Renewables Price Performance

Shares of NASDAQ:VIA opened at $8.70 on Monday. Via Renewables, Inc. has a 1-year low of $5.81 and a 1-year high of $44.15. The company has a debt-to-equity ratio of 3.73, a quick ratio of 2.21 and a current ratio of 2.24. The business has a fifty day moving average price of $8.20 and a 200-day moving average price of $14.87.

Via Renewables (NASDAQ:VIAGet Free Report) last issued its quarterly earnings results on Wednesday, August 2nd. The company reported $1.67 earnings per share for the quarter. Via Renewables had a negative return on equity of 60.13% and a negative net margin of 0.48%. The firm had revenue of $91.40 million during the quarter.

About Via Renewables

(Free Report)

Via Renewables, Inc, through its subsidiaries, operates as an independent retail energy services company in the United States. It operates through two segments, Retail Electricity and Retail Natural Gas. The Retail Electricity segment engages in the transmission and sale of electricity to residential and commercial customers.

See Also

Institutional Ownership by Quarter for Via Renewables (NASDAQ:VIA)

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