Sanctuary Advisors LLC Purchases 184,683 Shares of Sunnova Energy International Inc. (NYSE:NOVA)

Sanctuary Advisors LLC boosted its holdings in shares of Sunnova Energy International Inc. (NYSE:NOVA) by 36.1% in the third quarter, HoldingsChannel reports. The firm owned 695,582 shares of the company’s stock after acquiring an additional 184,683 shares during the period. Sanctuary Advisors LLC’s holdings in Sunnova Energy International were worth $6,775,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Presidio Capital Management LLC bought a new stake in shares of Sunnova Energy International during the second quarter worth $67,000. nVerses Capital LLC raised its holdings in Sunnova Energy International by 237.8% during the 2nd quarter. nVerses Capital LLC now owns 12,500 shares of the company’s stock worth $70,000 after purchasing an additional 8,800 shares during the last quarter. Mercer Global Advisors Inc. ADV acquired a new position in Sunnova Energy International during the 2nd quarter valued at about $78,000. AE Wealth Management LLC bought a new position in shares of Sunnova Energy International in the 2nd quarter valued at about $81,000. Finally, GAMMA Investing LLC grew its position in shares of Sunnova Energy International by 736.3% during the 3rd quarter. GAMMA Investing LLC now owns 8,756 shares of the company’s stock worth $85,000 after buying an additional 7,709 shares during the period.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Citigroup cut their price objective on shares of Sunnova Energy International from $12.00 to $10.00 and set a “buy” rating on the stock in a report on Tuesday, October 22nd. Deutsche Bank Aktiengesellschaft reduced their price target on Sunnova Energy International from $9.00 to $6.25 and set a “hold” rating on the stock in a research report on Friday, November 1st. Barclays dropped their price objective on Sunnova Energy International from $12.00 to $10.00 and set an “overweight” rating for the company in a report on Wednesday, October 16th. Jefferies Financial Group started coverage on Sunnova Energy International in a report on Thursday, October 10th. They set a “buy” rating and a $15.00 target price on the stock. Finally, BMO Capital Markets reaffirmed a “market perform” rating and issued a $8.00 price target (down from $10.00) on shares of Sunnova Energy International in a research note on Friday, November 1st. One analyst has rated the stock with a sell rating, ten have issued a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $10.73.

Insider Buying and Selling

In related news, Director Akbar Mohamed purchased 50,000 shares of the firm’s stock in a transaction on Monday, November 18th. The stock was purchased at an average cost of $3.64 per share, for a total transaction of $182,000.00. Following the completion of the purchase, the director now directly owns 352,654 shares in the company, valued at $1,283,660.56. This trade represents a 16.52 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Eric Michael Williams acquired 13,800 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were bought at an average price of $3.60 per share, for a total transaction of $49,680.00. Following the purchase, the chief financial officer now owns 13,800 shares in the company, valued at approximately $49,680. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 118,517 shares of company stock worth $439,605. 4.50% of the stock is owned by insiders.

Sunnova Energy International Price Performance

NOVA stock opened at $4.02 on Friday. The stock has a 50-day moving average price of $5.05 and a two-hundred day moving average price of $6.94. Sunnova Energy International Inc. has a 1 year low of $2.99 and a 1 year high of $16.35. The stock has a market cap of $502.31 million, a PE ratio of -1.20 and a beta of 2.22. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 3.26.

Sunnova Energy International (NYSE:NOVA) last released its earnings results on Wednesday, October 30th. The company reported ($0.98) EPS for the quarter, missing the consensus estimate of ($0.53) by ($0.45). The firm had revenue of $235.30 million during the quarter, compared to the consensus estimate of $238.23 million. Sunnova Energy International had a negative net margin of 51.02% and a negative return on equity of 11.15%. The company’s revenue was up 18.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.53) EPS. Equities analysts forecast that Sunnova Energy International Inc. will post -2.44 EPS for the current fiscal year.

Sunnova Energy International Profile

Sunnova Energy International Inc engages in the provision of energy as a service in the United States. The company offers electricity, as well as offers operations and maintenance, monitoring, repairs and replacements, equipment upgrades, on-site power optimization, and solar energy system and energy storage system diagnostics services.