Sunrun Inc. $RUN Shares Sold by Phoenix Financial Ltd.

Key Points

• Phoenix Financial Ltd. has reduced its holdings in Sunrun Inc. by 44.7%, selling 60,400 shares to end up with 74,787 shares worth $612,000.
• Sunrun's stock has decreased by 3.5%, currently trading at $19.72, while the company reported a net margin of -120.59% despite revenue growth of 8.7% year-over-year.
• Insider transactions include CEO Mary Powell and CFO Danny Abajian selling significant amounts of stock, indicating a 1.32% and 2.09% decrease in their ownership, respectively.

Phoenix Financial Ltd. decreased its holdings in shares of Sunrun Inc. (NASDAQ:RUN - Free Report) by 44.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 74,787 shares of the energy company's stock after selling 60,400 shares during the period. Phoenix Financial Ltd.'s holdings in Sunrun were worth $612,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in RUN. GAMMA Investing LLC grew its holdings in shares of Sunrun by 14.7% in the 1st quarter. GAMMA Investing LLC now owns 12,269 shares of the energy company's stock worth $72,000 after acquiring an additional 1,571 shares during the period. QRG Capital Management Inc. grew its holdings in shares of Sunrun by 120.4% in the 1st quarter. QRG Capital Management Inc. now owns 34,655 shares of the energy company's stock worth $203,000 after acquiring an additional 18,928 shares during the period. Cambridge Investment Research Advisors Inc. grew its holdings in shares of Sunrun by 19.6% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 30,758 shares of the energy company's stock worth $180,000 after acquiring an additional 5,033 shares during the period. Vontobel Holding Ltd. grew its holdings in shares of Sunrun by 277.0% in the 1st quarter. Vontobel Holding Ltd. now owns 383,617 shares of the energy company's stock worth $2,248,000 after acquiring an additional 281,869 shares during the period. Finally, Alterna Wealth Management Inc. grew its holdings in shares of Sunrun by 16.6% in the 1st quarter. Alterna Wealth Management Inc. now owns 12,075 shares of the energy company's stock worth $71,000 after acquiring an additional 1,720 shares during the period. Institutional investors and hedge funds own 91.69% of the company's stock.

Sunrun Stock Down 3.5%

Shares of Sunrun stock opened at $19.72 on Thursday. The business has a 50-day moving average of $17.31 and a 200-day moving average of $11.67. The company has a debt-to-equity ratio of 3.70, a current ratio of 1.41 and a quick ratio of 1.02. The company has a market capitalization of $4.55 billion, a PE ratio of -1.70 and a beta of 2.41. Sunrun Inc. has a 1-year low of $5.38 and a 1-year high of $22.44.

Sunrun (NASDAQ:RUN - Get Free Report) last announced its earnings results on Wednesday, August 6th. The energy company reported $1.07 earnings per share for the quarter, beating the consensus estimate of ($0.18) by $1.25. The company had revenue of $569.34 million during 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% on a year-over-year basis. During the same period last year, the firm earned $0.55 earnings per share. As a group, equities analysts forecast that Sunrun Inc. will post -0.43 EPS for the current fiscal year.

Insiders Place Their Bets

In other Sunrun news, CEO Mary Powell sold 11,699 shares of the firm's stock in a transaction dated Monday, October 6th. The shares were sold at an average price of $19.34, for a total value of $226,258.66. Following the transaction, the chief executive officer owned 876,590 shares of the company's stock, valued at $16,953,250.60. This trade represents a 1.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Danny Abajian sold 9,055 shares of the firm's stock in a transaction dated Monday, October 6th. The stock was sold at an average price of $19.35, for a total transaction of $175,214.25. Following the completion of the transaction, the chief financial officer directly owned 424,606 shares in the company, valued at $8,216,126.10. This represents a 2.09% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 266,956 shares of company stock valued at $4,931,665 over the last ninety days. Insiders own 3.37% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on RUN. Cowen reaffirmed a "buy" rating on shares of Sunrun in a research report on Thursday, August 7th. BNP Paribas raised Sunrun from a "hold" rating to a "strong-buy" rating in a research report on Monday, July 7th. Citigroup upgraded Sunrun from a "neutral" rating to a "buy" rating and increased their price target for the company from $11.00 to $26.00 in a report on Tuesday. Deutsche Bank Aktiengesellschaft increased their price target on Sunrun from $11.00 to $20.00 and gave the company a "hold" rating in a report on Wednesday, October 1st. Finally, 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 report on Monday, July 7th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Sunrun presently has an average rating of "Moderate Buy" and a consensus target price of $18.60.

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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