Sunrun Inc. (NASDAQ:RUN) Shares Acquired by Deutsche Bank AG

Deutsche Bank AG lifted its stake in shares of Sunrun Inc. (NASDAQ:RUN - Free Report) by 28.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,662,491 shares of the energy company's stock after buying an additional 368,963 shares during the quarter. Deutsche Bank AG owned about 0.74% of Sunrun worth $15,378,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Aster Capital Management DIFC Ltd purchased a new position in shares of Sunrun in the 4th quarter worth approximately $29,000. Newbridge Financial Services Group Inc. lifted its position in shares of Sunrun by 133.3% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 3,500 shares of the energy company's stock worth $32,000 after acquiring an additional 2,000 shares in the last quarter. Summit Securities Group LLC purchased a new stake in shares of Sunrun in the fourth quarter worth about $53,000. Union Bancaire Privee UBP SA purchased a new stake in shares of Sunrun in the fourth quarter worth about $56,000. Finally, Sterling Capital Management LLC raised its position in shares of Sunrun by 807.5% in the fourth quarter. Sterling Capital Management LLC now owns 6,888 shares of the energy company's stock worth $64,000 after buying an additional 6,129 shares in the last quarter. 91.69% of the stock is owned by institutional investors.

Sunrun Price Performance

Sunrun stock traded down $0.96 during mid-day trading on Monday, reaching $11.29. 19,616,459 shares of the company's stock traded hands, compared to its average volume of 11,116,893. Sunrun Inc. has a 12-month low of $5.45 and a 12-month high of $22.26. The company has a quick ratio of 1.15, a current ratio of 1.47 and a debt-to-equity ratio of 1.92. The stock has a 50 day moving average of $7.28 and a two-hundred day moving average of $8.90. The company has a market cap of $2.58 billion, a price-to-earnings ratio of -6.20 and a beta of 2.66.

Sunrun (NASDAQ:RUN - Get Free Report) last posted its earnings results on Wednesday, May 7th. The energy company reported $0.20 EPS for the quarter, beating analysts' consensus estimates of ($0.22) by $0.42. The business had revenue of $504.27 million for the quarter, compared to the consensus estimate of $487.29 million. Sunrun had a negative net margin of 18.80% and a negative return on equity of 5.15%. The company's revenue for the quarter was up 10.1% on a year-over-year basis. During the same quarter last year, the firm posted ($0.40) EPS. Equities analysts forecast that Sunrun Inc. will post -0.43 earnings per share for the current year.

Insider Activity at Sunrun

In related news, CRO Paul S. Dickson sold 19,343 shares of the firm's stock in a transaction dated Monday, April 7th. The stock was sold at an average price of $6.74, for a total transaction of $130,371.82. Following the sale, the executive now directly owns 399,729 shares of the company's stock, valued at $2,694,173.46. This trade represents a 4.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Lynn Michelle Jurich sold 50,000 shares of the firm's stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $9.10, for a total value of $455,000.00. Following the sale, the director now directly owns 941,753 shares in the company, valued at approximately $8,569,952.30. This trade represents a 5.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 138,540 shares of company stock valued at $1,050,944 in the last ninety days. Corporate insiders own 3.37% of the company's stock.

Analyst Ratings Changes

RUN has been the topic of a number of recent analyst reports. TD Cowen lowered their target price on shares of Sunrun from $18.00 to $14.00 and set a "buy" rating on the stock in a research note on Friday, February 28th. StockNews.com raised shares of Sunrun to a "sell" rating in a research note on Thursday, May 8th. UBS Group reissued a "buy" rating and issued a $17.00 target price on shares of Sunrun in a research report on Wednesday, May 14th. Morgan Stanley reaffirmed an "equal weight" rating and set a $11.00 price objective on shares of Sunrun in a research report on Wednesday, April 23rd. Finally, JPMorgan Chase & Co. reduced their price objective on Sunrun from $22.00 to $18.00 and set an "overweight" rating for the company in a research report on Thursday, January 23rd. Two analysts have rated the stock with a sell rating, nine have given a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $14.92.

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.