Rhumbline Advisers Has $3.84 Million Stake in Sunrun Inc. (NASDAQ:RUN)

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

A number of other hedge funds and other institutional investors have also modified their holdings of RUN. Aster Capital Management DIFC Ltd acquired a new stake in Sunrun during the 4th quarter worth about $29,000. Summit Securities Group LLC acquired a new stake in Sunrun during the 4th quarter worth about $53,000. Union Bancaire Privee UBP SA acquired a new stake in Sunrun during the 4th quarter worth about $56,000. Sterling Capital Management LLC boosted its position in Sunrun by 807.5% during the 4th quarter. Sterling Capital Management LLC now owns 6,888 shares of the energy company's stock worth $64,000 after acquiring an additional 6,129 shares during the period. Finally, Lighthouse Investment Partners LLC acquired a new stake in Sunrun during the 4th quarter worth about $92,000. Institutional investors and hedge funds own 91.69% of the company's stock.

Sunrun Stock Performance

Sunrun stock traded up $0.35 during trading hours on Wednesday, reaching $6.13. 46,878,435 shares of the company were exchanged, compared to its average volume of 12,806,290. The firm has a market cap of $1.40 billion, a price-to-earnings ratio of -0.51 and a beta of 2.61. The company has a current ratio of 1.32, a quick ratio of 0.99 and a debt-to-equity ratio of 3.89. The stock has a 50-day moving average of $8.10 and a 200 day moving average of $8.41. Sunrun Inc. has a 12 month low of $5.38 and a 12 month high of $22.26.

Sunrun (NASDAQ:RUN - Get Free Report) last announced 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 during the quarter, compared to analysts' expectations of $487.29 million. Sunrun had a positive return on equity of 9.42% and a negative net margin of 129.97%. The company's revenue was up 10.1% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.40) earnings per share. As a group, research analysts anticipate that Sunrun Inc. will post -0.43 earnings per share for the current year.

Wall Street Analysts Forecast Growth

RUN has been the subject of a number of research reports. Royal Bank Of Canada restated a "sector perform" rating and set a $5.00 price objective (down from $12.00) on shares of Sunrun in a research report on Wednesday. UBS Group decreased their price objective on Sunrun from $17.00 to $12.00 and set a "buy" rating for the company in a research report on Friday, May 30th. Morgan Stanley restated an "equal weight" rating and set a $11.00 price objective on shares of Sunrun in a research report on Wednesday, April 23rd. Susquehanna reduced their price target on Sunrun from $13.00 to $10.00 and set a "positive" rating for the company in a report on Monday, April 14th. Finally, KeyCorp reissued an "underweight" rating and issued a $6.00 price target on shares of Sunrun in a research note on Tuesday. Five research analysts have rated the stock with a sell rating, ten have assigned a hold rating and ten have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $13.43.

Insiders Place Their Bets

In other news, CRO Paul S. Dickson sold 19,343 shares of the company's stock in a transaction that occurred on Monday, April 7th. The stock was sold at an average price of $6.74, for a total transaction of $130,371.82. Following the completion of the transaction, the executive now directly owns 399,729 shares in the company, valued at $2,694,173.46. The trade was a 4.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Edward Harris Fenster purchased 50,000 shares of the business's stock in a transaction dated Monday, May 12th. The shares were acquired at an average price of $10.87 per share, with a total value of $543,500.00. Following the completion of the acquisition, the director now owns 1,408,182 shares of the company's stock, valued at approximately $15,306,938.34. The trade was a 3.68% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold 88,993 shares of company stock valued at $612,979 over the last 90 days. 3.37% of the stock is currently owned by company insiders.

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.