Ieq Capital LLC acquired a new position in shares of Sunrun Inc. (NASDAQ:RUN - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 27,726 shares of the energy company's stock, valued at approximately $162,000.
Several other institutional investors and hedge funds have also bought and sold shares of the stock. Lighthouse Investment Partners LLC acquired a new position in Sunrun during the fourth quarter worth approximately $92,000. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Sunrun in the fourth quarter valued at approximately $94,000. Apollon Wealth Management LLC acquired a new position in shares of Sunrun in the first quarter valued at approximately $60,000. US Bancorp DE grew its position in Sunrun by 107.6% during the first quarter. US Bancorp DE now owns 10,307 shares of the energy company's stock worth $60,000 after buying an additional 5,342 shares in the last quarter. Finally, Focus Partners Wealth acquired a new stake in Sunrun during the fourth quarter worth approximately $101,000. Institutional investors own 91.69% of the company's stock.
Sunrun Price Performance
Shares of RUN traded up $0.51 during trading hours on Thursday, reaching $16.71. The stock had a trading volume of 5,388,134 shares, compared to its average volume of 16,739,738. Sunrun Inc. has a 12 month low of $5.38 and a 12 month high of $21.77. The stock has a market capitalization of $3.85 billion, a PE ratio of -1.44 and a beta of 2.21. The company has a debt-to-equity ratio of 3.70, a quick ratio of 1.02 and a current ratio of 1.41. The company's 50-day moving average is $12.64 and its two-hundred day moving average is $9.29.
Sunrun (NASDAQ:RUN - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The energy company reported $1.07 EPS for the quarter, beating analysts' consensus estimates of ($0.18) by $1.25. The company had revenue of $569.34 million during the quarter, compared to analysts' expectations of $555.42 million. Sunrun had a positive return on equity of 14.19% and a negative net margin of 120.59%.Sunrun's revenue was up 8.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.55 EPS. Research analysts expect that Sunrun Inc. will post -0.43 EPS for the current year.
Insiders Place Their Bets
In related news, CEO Mary Powell sold 3,142 shares of the stock in a transaction on Monday, September 8th. The stock was sold at an average price of $16.93, for a total value of $53,194.06. Following the completion of the sale, the chief executive officer directly owned 888,289 shares in the company, valued at $15,038,732.77. This represents a 0.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Jeanna Steele sold 7,077 shares of the stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $16.75, for a total value of $118,539.75. Following the sale, the insider owned 415,126 shares of the company's stock, valued at approximately $6,953,360.50. The trade was a 1.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 80,136 shares of company stock valued at $1,076,538 over the last ninety days. 3.37% of the stock is currently owned by corporate insiders.
Analyst Upgrades and Downgrades
A number of brokerages recently issued reports on RUN. Mizuho increased their price target on Sunrun from $13.00 to $21.00 and gave the stock an "outperform" rating in a research report on Monday, July 14th. JPMorgan Chase & Co. increased their price target on Sunrun from $16.00 to $20.00 and gave the stock an "overweight" rating in a research report on Thursday, August 7th. Royal Bank Of Canada raised Sunrun from a "sector perform" rating to an "outperform" rating and increased their price target for the stock from $12.00 to $16.00 in a research report on Monday, August 18th. Zacks Research upgraded Sunrun from a "hold" rating to a "strong-buy" rating in a research note on Monday. Finally, Oppenheimer upped their target price on Sunrun from $20.00 to $21.00 and gave the stock an "outperform" rating in a research note on Thursday, August 7th. Two analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $14.63.
Get Our Latest Analysis on RUN
About Sunrun
(
Free Report)
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.
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