Rhumbline Advisers Has $3.84 Million Stock Position in Sunrun Inc. $RUN

Key Points

• Rhumbline Advisers has decreased its stake in Sunrun Inc. by 3.7% during the first quarter, now holding approximately $3.84 million worth of stock.
• Multiple hedge funds have made significant adjustments to their positions in Sunrun, with Sylebra Capital increasing its holdings by 124%.
• Sunrun's latest earnings report showed an EPS of $1.07, surpassing analysts' expectations and reflecting an 8.7% increase in revenue year-over-year.

Rhumbline Advisers decreased its position in Sunrun Inc. (NASDAQ:RUN - Free Report) by 3.7% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 655,159 shares of the energy company's stock after selling 25,309 shares during the period. Rhumbline Advisers owned about 0.29% of Sunrun worth $3,839,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of RUN. Sylebra Capital LLC raised its holdings in shares of Sunrun by 124.0% in the 4th quarter. Sylebra Capital LLC now owns 6,683,162 shares of the energy company's stock worth $61,819,000 after buying an additional 3,699,405 shares in the last quarter. Nuveen LLC acquired a new position in shares of Sunrun in the 1st quarter worth approximately $5,259,000. Goldman Sachs Group Inc. raised its holdings in shares of Sunrun by 45.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,306,808 shares of the energy company's stock worth $13,518,000 after buying an additional 718,955 shares in the last quarter. PDT Partners LLC raised its holdings in shares of Sunrun by 1,019.5% in the 1st quarter. PDT Partners LLC now owns 779,310 shares of the energy company's stock worth $4,567,000 after buying an additional 709,699 shares in the last quarter. Finally, Clal Insurance Enterprises Holdings Ltd raised its holdings in shares of Sunrun by 25.0% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 2,500,000 shares of the energy company's stock worth $14,650,000 after buying an additional 500,000 shares in the last quarter. 91.69% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Jeanna Steele sold 17,417 shares of the firm's stock in a transaction on Monday, August 18th. The stock was sold at an average price of $16.25, for a total value of $283,026.25. Following the transaction, the insider directly owned 422,203 shares in the company, valued at $6,860,798.75. This trade represents a 3.96% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Mary Powell sold 11,509 shares of the firm's stock in a transaction on Monday, July 7th. The stock was sold at an average price of $10.80, for a total value of $124,297.20. Following the completion of the transaction, the chief executive officer owned 893,240 shares in the company, valued at $9,646,992. This represents a 1.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 80,136 shares of company stock worth $1,076,538 over the last three months. Insiders own 3.37% of the company's stock.

Sunrun Stock Up 0.3%

Shares of RUN opened at $16.06 on Monday. The firm has a market capitalization of $3.71 billion, a price-to-earnings ratio of -1.38 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 business's fifty day moving average price is $12.86 and its two-hundred day moving average price is $9.41. Sunrun Inc. has a 52 week low of $5.38 and a 52 week high of $21.77.

Sunrun (NASDAQ:RUN - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $569.34 million for the quarter, compared to analyst estimates of $555.42 million. Sunrun had a positive return on equity of 14.19% and a negative net margin of 120.59%.The business's quarterly revenue was up 8.7% compared to the same quarter last year. During the same period last year, the company earned $0.55 EPS. On average, analysts predict that Sunrun Inc. will post -0.43 earnings per share for the current year.

Analyst Upgrades and Downgrades

RUN has been the subject of a number of recent research reports. JPMorgan Chase & Co. increased their target price on Sunrun from $16.00 to $20.00 and gave the stock an "overweight" rating in a report on Thursday, August 7th. Wells Fargo & Company increased their target price on Sunrun from $8.00 to $14.00 and gave the stock an "overweight" rating in a report on Thursday, August 14th. Cowen reaffirmed a "buy" rating on shares of Sunrun in a report on Thursday, August 7th. Oppenheimer raised their price target on Sunrun from $20.00 to $21.00 and gave the company an "outperform" rating in a report on Thursday, August 7th. Finally, Glj Research raised Sunrun from a "sell" rating to a "hold" rating in a report on Friday, August 15th. Two research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $14.81.

Sunrun Company 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.

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