Brevan Howard Capital Management LP Has $359,000 Holdings in Sunrun Inc. (NASDAQ:RUN)

Brevan Howard Capital Management LP lessened its stake in Sunrun Inc. (NASDAQ:RUN - Free Report) by 86.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 38,757 shares of the energy company's stock after selling 257,148 shares during the quarter. Brevan Howard Capital Management LP's holdings in Sunrun were worth $359,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Aster Capital Management DIFC Ltd purchased a new position in shares of Sunrun during the 4th quarter valued at approximately $29,000. Newbridge Financial Services Group Inc. boosted its stake in shares of Sunrun by 133.3% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 3,500 shares of the energy company's stock valued at $32,000 after buying an additional 2,000 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of Sunrun during the 3rd quarter valued at approximately $44,000. Summit Securities Group LLC purchased a new position in shares of Sunrun during the 4th quarter valued at approximately $53,000. Finally, Union Bancaire Privee UBP SA purchased a new position in shares of Sunrun during the 4th quarter valued at approximately $56,000. Hedge funds and other institutional investors own 91.69% of the company's stock.

Insider Buying and Selling

In related news, Director Edward Harris Fenster purchased 50,000 shares of the company's stock in a transaction that occurred on Monday, May 12th. The shares were purchased at an average price of $10.87 per share, with a total value of $543,500.00. Following the purchase, the director now owns 1,408,182 shares of the company's stock, valued at $15,306,938.34. This trade represents a 3.68% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Danny Abajian sold 16,927 shares of Sunrun stock in a transaction dated Monday, April 7th. The stock was sold at an average price of $6.74, for a total value of $114,087.98. Following the completion of the transaction, the chief financial officer now directly owns 231,279 shares in the company, valued at $1,558,820.46. This represents a 6.82% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 138,540 shares of company stock valued at $1,050,944 over the last three months. Company insiders own 3.77% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on RUN. Barclays reduced their target price on Sunrun from $18.00 to $15.00 and set an "equal weight" rating for the company in a research note on Tuesday, January 28th. Susquehanna dropped their price target on Sunrun from $13.00 to $10.00 and set a "positive" rating on the stock in a research report on Monday, April 14th. StockNews.com raised Sunrun to a "sell" rating in a research report on Thursday, May 8th. Citigroup reissued a "neutral" rating and set a $7.00 price target on shares of Sunrun in a research report on Thursday, April 17th. Finally, Royal Bank of Canada dropped their price target on Sunrun from $14.00 to $12.00 and set an "outperform" rating on the stock in a research report on Thursday, May 8th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $14.92.

Sunrun Stock Performance

Shares of NASDAQ RUN traded up $0.80 during midday trading on Wednesday, reaching $12.70. 23,021,798 shares of the company traded hands, compared to its average volume of 11,064,998. Sunrun Inc. has a 52 week low of $5.45 and a 52 week high of $22.26. The stock has a 50-day moving average price of $6.95 and a 200 day moving average price of $8.97. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.47 and a quick ratio of 1.15. The company has a market cap of $2.90 billion, a price-to-earnings ratio of -6.98 and a beta of 2.66.

Sunrun (NASDAQ:RUN - Get Free Report) last released its earnings results on Wednesday, May 7th. The energy company reported $0.20 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.22) by $0.42. The firm had revenue of $504.27 million for the quarter, compared to analyst estimates of $487.29 million. Sunrun had a negative return on equity of 5.15% and a negative net margin of 18.80%. Sunrun's revenue was up 10.1% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.40) earnings per share. Sell-side analysts anticipate that Sunrun Inc. will post -0.43 earnings per share for the current fiscal year.

Sunrun Profile

Sunrun Inc designs, develops, installs, sells, owns, and maintains residential solar energy systems in the United States. It also sells solar energy systems and products, such as panels and racking; and solar leads generated to customers. In addition, the company offers battery storage along with solar energy systems; and sells services to commercial developers through multi-family and new homes.