Skandinaviska Enskilda Banken AB publ Has $295,000 Position in Sunrun Inc. (NASDAQ:RUN)

Skandinaviska Enskilda Banken AB publ cut its holdings in shares of Sunrun Inc. (NASDAQ:RUN - Free Report) by 34.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 50,354 shares of the energy company's stock after selling 26,920 shares during the quarter. Skandinaviska Enskilda Banken AB publ's holdings in Sunrun were worth $295,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Alyeska Investment Group L.P. boosted its stake in Sunrun by 593.9% in the 4th quarter. Alyeska Investment Group L.P. now owns 12,028,454 shares of the energy company's stock valued at $111,263,000 after purchasing an additional 10,294,947 shares during the period. Greenvale Capital LLP boosted its stake in Sunrun by 50.3% in the 4th quarter. Greenvale Capital LLP now owns 13,500,000 shares of the energy company's stock valued at $124,875,000 after purchasing an additional 4,516,793 shares during the period. Sylebra Capital LLC boosted its stake in Sunrun by 124.0% in the 4th quarter. Sylebra Capital LLC now owns 6,683,162 shares of the energy company's stock valued at $61,819,000 after purchasing an additional 3,699,405 shares during the period. Norges Bank bought a new stake in Sunrun in the 4th quarter valued at $31,022,000. Finally, Maple Rock Capital Partners Inc. boosted its stake in Sunrun by 92.8% in the 4th quarter. Maple Rock Capital Partners Inc. now owns 3,597,600 shares of the energy company's stock valued at $33,278,000 after purchasing an additional 1,732,000 shares during the period. 91.69% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Sunrun news, CRO Paul S. Dickson sold 8,010 shares of the company's stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $10.81, for a total value of $86,588.10. Following the completion of the transaction, the executive owned 679,044 shares of the company's stock, valued at $7,340,465.64. This represents a 1.17% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Edward Harris Fenster bought 50,000 shares of the stock in a transaction on Monday, May 12th. The stock was purchased at an average cost of $10.87 per share, with a total value of $543,500.00. Following the acquisition, the director owned 1,408,182 shares in the company, valued at approximately $15,306,938.34. This represents a 3.68% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders have sold 41,939 shares of company stock worth $430,264. Company insiders own 3.37% of the company's stock.

Sunrun Price Performance

Shares of RUN stock traded down $0.60 on Wednesday, hitting $10.15. 10,937,447 shares of the company's stock were exchanged, compared to its average volume of 16,944,112. The company has a debt-to-equity ratio of 3.89, a current ratio of 1.32 and a quick ratio of 0.99. Sunrun Inc. has a 12 month low of $5.38 and a 12 month high of $22.26. The stock has a market cap of $2.32 billion, a P/E ratio of -0.84 and a beta of 2.60. The company has a 50 day moving average of $8.80 and a 200 day moving average of $8.25.

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

Analyst Ratings Changes

Several analysts recently issued reports on RUN shares. Morgan Stanley restated an "equal weight" rating and issued a $11.00 price target on shares of Sunrun in a research note on Wednesday, April 23rd. BNP Paribas upgraded Sunrun from a "hold" rating to a "strong-buy" rating in a research note on Monday, July 7th. Wells Fargo & Company reduced their price target on Sunrun from $10.00 to $8.00 and set an "overweight" rating for the company in a research note on Wednesday, June 25th. BNP Paribas Exane upgraded Sunrun from a "neutral" rating to an "outperform" rating and set a $21.00 price target for the company in a research note on Monday, July 7th. Finally, JPMorgan Chase & Co. boosted their price target on Sunrun from $13.00 to $16.00 and gave the company an "overweight" rating in a research note on Tuesday, July 15th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $14.30.

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.