Quantbot Technologies LP Has $518,000 Stock Holdings in Sunrun Inc. $RUN

Key Points

• Quantbot Technologies LP decreased its holdings in Sunrun Inc. by 65%, owning 88,349 shares after selling 164,041 shares during the first quarter, which brought their investment value to approximately $518,000.
• Other investors showed varying levels of activity; for instance, UBS AM increased its stake by 8.6%, while GAMMA Investing LLC increased its stake by a significant 572.1% in the same quarter.
• Sunrun's stock has seen analysts issue a range of ratings, from Strong Buy to Sell, and the company has an average rating of "Moderate Buy" with a consensus price target of $14.63.

Quantbot Technologies LP lessened its stake in Sunrun Inc. (NASDAQ:RUN - Free Report) by 65.0% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 88,349 shares of the energy company's stock after selling 164,041 shares during the quarter. Quantbot Technologies LP's holdings in Sunrun were worth $518,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in RUN. Alyeska Investment Group L.P. increased 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 buying an additional 10,294,947 shares during the period. Greenvale Capital LLP increased 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 buying an additional 4,516,793 shares during the period. Sylebra Capital LLC increased 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 buying an additional 3,699,405 shares during the period. Maple Rock Capital Partners Inc. increased 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 buying an additional 1,732,000 shares during the period. Finally, Soros Fund Management LLC increased its stake in Sunrun by 1,994.7% in the 4th quarter. Soros Fund Management LLC now owns 1,675,798 shares of the energy company's stock valued at $15,501,000 after buying an additional 1,595,798 shares during the period. Institutional investors and hedge funds own 91.69% of the company's stock.

Sunrun Stock Performance

Shares of NASDAQ RUN traded up $0.57 during trading hours on Thursday, hitting $16.37. 6,699,307 shares of the stock were exchanged, compared to its average volume of 19,517,850. The company has a debt-to-equity ratio of 3.70, a current ratio of 1.41 and a quick ratio of 1.02. Sunrun Inc. has a one year low of $5.38 and a one year high of $21.77. The company's 50 day moving average is $11.04 and its 200 day moving average is $8.80. The firm has a market capitalization of $3.78 billion, a P/E ratio of -1.41 and a beta of 2.37.

Sunrun (NASDAQ:RUN - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The energy company reported $1.07 earnings per share for the quarter, beating analysts' consensus estimates of ($0.18) by $1.25. Sunrun had a negative net margin of 120.59% and a positive return on equity of 14.19%. The firm had revenue of $569.34 million during the quarter, compared to the consensus estimate of $555.42 million. During the same period in the prior year, the firm earned $0.55 EPS. The business's revenue was up 8.7% on a year-over-year basis. On average, research analysts expect that Sunrun Inc. will post -0.43 EPS for the current year.

Insider Transactions at Sunrun

In other Sunrun news, CEO Mary Powell sold 11,509 shares of the stock in a transaction on Monday, July 7th. The shares were sold at an average price of $10.80, for a total value of $124,297.20. Following the completion of the sale, the chief executive officer directly owned 893,240 shares of the company's stock, valued at $9,646,992. This represents a 1.27% 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 Alan Ferber sold 10,927 shares of the stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $11.24, for a total transaction of $122,819.48. Following the completion of the sale, the director directly owned 54,947 shares of the company's stock, valued at approximately $617,604.28. This trade represents a 16.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 77,360 shares of company stock worth $954,649. 3.37% of the stock is currently owned by insiders.

Analysts Set New Price Targets

RUN has been the subject of several recent research reports. Wall Street Zen raised shares of Sunrun from a "sell" rating to a "hold" rating in a research report on Saturday, July 12th. KeyCorp raised shares of Sunrun from an "underweight" rating to a "sector weight" rating in a research report on Tuesday, July 8th. Royal Bank Of Canada raised shares of Sunrun from a "sector perform" rating to an "outperform" rating and boosted their target price for the stock from $12.00 to $16.00 in a research report on Monday, August 18th. TD Cowen boosted their target price on shares of Sunrun from $13.00 to $14.00 and gave the stock a "buy" rating in a research report on Thursday, August 7th. Finally, BNP Paribas raised shares of Sunrun from a "hold" rating to a "strong-buy" rating in a research report on Monday, July 7th. One analyst has 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 stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $14.63.

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.