Sunrun Inc. $RUN Holdings Lowered by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. reduced its holdings in Sunrun Inc. (NASDAQ:RUN - Free Report) by 14.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,994,294 shares of the energy company's stock after selling 331,268 shares during the period. Charles Schwab Investment Management Inc. owned about 0.87% of Sunrun worth $11,687,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Greenvale Capital LLP increased its position in Sunrun by 50.3% in the 4th quarter. Greenvale Capital LLP now owns 13,500,000 shares of the energy company's stock worth $124,875,000 after purchasing an additional 4,516,793 shares during the last quarter. Alyeska Investment Group L.P. lifted its position in shares of 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 worth $111,263,000 after acquiring an additional 10,294,947 shares during the period. Sylebra Capital LLC lifted its position 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 acquiring an additional 3,699,405 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Sunrun by 27.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 6,621,303 shares of the energy company's stock worth $61,252,000 after acquiring an additional 1,427,858 shares during the period. Finally, Maple Rock Capital Partners Inc. lifted its position in shares of Sunrun by 92.8% during the 4th quarter. Maple Rock Capital Partners Inc. now owns 3,597,600 shares of the energy company's stock worth $33,278,000 after buying an additional 1,732,000 shares during the period. 91.69% of the stock is owned by institutional investors and hedge funds.

Sunrun Trading Up 9.9%

Shares of RUN stock opened at $16.20 on Monday. The stock has a 50 day simple moving average of $10.29 and a 200 day simple moving average of $8.58. The stock has a market cap of $3.74 billion, a P/E ratio of -1.40 and a beta of 2.37. Sunrun Inc. has a 1 year low of $5.38 and a 1 year high of $22.26. The company has a current ratio of 1.41, a quick ratio of 1.02 and a debt-to-equity ratio of 3.70.

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

Insider Buying and Selling

In other news, insider Jeanna Steele sold 17,417 shares of the 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 completion of the transaction, the insider directly owned 422,203 shares in the company, valued at approximately $6,860,798.75. This represents a 3.96% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 transaction, the chief executive officer owned 893,240 shares of the company's stock, valued at $9,646,992. The trade was a 1.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 70,283 shares of company stock worth $836,110 in the last ninety days. Insiders own 3.37% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on RUN shares. TD Cowen raised their price target on Sunrun from $13.00 to $14.00 and gave the company a "buy" rating in a report on Thursday, August 7th. Glj Research raised Sunrun from a "sell" rating to a "hold" rating in a research note on Friday, August 15th. KeyCorp upgraded Sunrun from an "underweight" rating to a "sector weight" rating in a report on Tuesday, July 8th. BMO Capital Markets boosted their price target on Sunrun from $8.00 to $10.00 and gave the company an "underperform" rating in a report on Thursday, August 7th. Finally, Susquehanna lifted their target price on Sunrun from $12.00 to $13.00 and gave the company a "positive" rating in a research report on Thursday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $14.63.

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.

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