Hussman Strategic Advisors Inc. Buys New Shares in Sunrun Inc. (NASDAQ:RUN)

Hussman Strategic Advisors Inc. bought a new position in shares of Sunrun Inc. (NASDAQ:RUN - Free Report) during the 1st quarter, according to its most recent disclosure with the SEC. The fund bought 105,000 shares of the energy company's stock, valued at approximately $615,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of RUN. Aster Capital Management DIFC Ltd bought a new stake in Sunrun during the 4th quarter worth approximately $29,000. Summit Securities Group LLC purchased a new position in shares of Sunrun in the 4th quarter worth approximately $53,000. Sterling Capital Management LLC boosted its stake in shares of Sunrun by 807.5% in the 4th 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 during the last quarter. Lighthouse Investment Partners LLC purchased a new position in shares of Sunrun in the 4th quarter worth approximately $92,000. Finally, Wealth Enhancement Advisory Services LLC purchased a new position in shares of Sunrun in the 4th quarter worth approximately $94,000. 91.69% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Jeanna Steele sold 3,668 shares of Sunrun stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $10.80, for a total transaction of $39,614.40. Following the completion of the transaction, the insider directly owned 439,620 shares in the company, valued at approximately $4,747,896. This trade represents a 0.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Danny Abajian sold 8,909 shares of the business's stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $10.80, for a total transaction of $96,217.20. Following the completion of the transaction, the chief financial officer owned 446,797 shares of the company's stock, valued at approximately $4,825,407.60. The trade was a 1.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 41,939 shares of company stock valued at $430,264. 3.37% of the stock is currently owned by insiders.

Sunrun Trading Up 2.8%

Shares of NASDAQ RUN traded up $0.28 during trading hours on Friday, hitting $10.24. The company's stock had a trading volume of 11,862,623 shares, compared to its average volume of 13,459,804. The company has a debt-to-equity ratio of 3.89, a quick ratio of 0.99 and a current ratio of 1.32. The stock has a market cap of $2.34 billion, a price-to-earnings ratio of -0.84 and a beta of 2.60. Sunrun Inc. has a 12 month low of $5.38 and a 12 month high of $22.26. The business has a 50-day simple moving average of $8.97 and a 200-day simple moving average of $8.23.

Sunrun (NASDAQ:RUN - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The energy company reported $0.20 EPS for the quarter, topping the consensus estimate of ($0.22) by $0.42. Sunrun had a negative net margin of 129.97% and a positive return on equity of 9.42%. The business had revenue of $504.27 million during the quarter, compared to analyst estimates of $487.29 million. During the same period last year, the business posted ($0.40) earnings per share. Sunrun's quarterly revenue was up 10.1% compared to the same quarter last year. On average, analysts anticipate that Sunrun Inc. will post -0.43 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

RUN has been the topic of several research analyst reports. JPMorgan Chase & Co. upped their price objective on Sunrun from $13.00 to $16.00 and gave the company an "overweight" rating in a research note on Tuesday, July 15th. Royal Bank Of Canada downgraded Sunrun from an "outperform" rating to a "sector perform" rating and dropped their price objective for the company from $12.00 to $5.00 in a research note on Wednesday, June 18th. Mizuho upped their price objective on Sunrun from $13.00 to $21.00 and gave the company an "outperform" rating in a research note on Monday, July 14th. BMO Capital Markets downgraded Sunrun from a "hold" rating to a "strong sell" rating and dropped their price objective for the company from $9.00 to $4.00 in a research note on Thursday, May 22nd. Finally, Wells Fargo & Company dropped their price objective on Sunrun from $10.00 to $8.00 and set an "overweight" rating on the stock in a research note on Wednesday, June 25th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $14.22.

About Sunrun

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.