Swedbank AB Has $486,000 Stock Holdings in Sunrun Inc. $RUN

Key Points

• Swedbank AB reduced its stake in Sunrun Inc. by 62.1%, ending Q1 with 82,869 shares valued at approximately $486,000 after selling 136,042 shares.
• Despite Swedbank's selling, other institutional investors have increased their holdings, with Sylebra Capital LLC raising its stake by 23.8% during the same period.
• Sunrun reported a quarterly earnings per share of $1.07, significantly surpassing analysts' expectations, while its stock has seen fluctuations with a twelve-month low of $5.38 and a high of $21.77.

Swedbank AB decreased its holdings in Sunrun Inc. (NASDAQ:RUN - Free Report) by 62.1% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 82,869 shares of the energy company's stock after selling 136,042 shares during the quarter. Swedbank AB's holdings in Sunrun were worth $486,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of RUN. Cetera Investment Advisers increased its holdings in Sunrun by 50.2% in the fourth quarter. Cetera Investment Advisers now owns 65,022 shares of the energy company's stock valued at $601,000 after buying an additional 21,737 shares during the last quarter. Focus Partners Wealth bought a new stake in Sunrun in the fourth quarter valued at about $101,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Sunrun by 7.3% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 232,478 shares of the energy company's stock valued at $2,150,000 after buying an additional 15,748 shares during the last quarter. Quantinno Capital Management LP increased its holdings in Sunrun by 25.9% in the fourth quarter. Quantinno Capital Management LP now owns 15,403 shares of the energy company's stock valued at $142,000 after buying an additional 3,168 shares during the last quarter. Finally, ProShare Advisors LLC increased its holdings in Sunrun by 39.6% in the fourth quarter. ProShare Advisors LLC now owns 77,348 shares of the energy company's stock valued at $715,000 after buying an additional 21,924 shares during the last quarter. Institutional investors and hedge funds own 91.69% of the company's stock.

Sunrun Stock Up 1.7%

Shares of NASDAQ:RUN traded up $0.28 during midday trading on Friday, hitting $16.58. 14,172,732 shares of the stock were exchanged, compared to its average volume of 9,272,499. Sunrun Inc. has a 52-week low of $5.38 and a 52-week high of $19.45. The company has a debt-to-equity ratio of 3.70, a quick ratio of 1.02 and a current ratio of 1.41. The business's fifty day simple moving average is $13.44 and its two-hundred day simple moving average is $9.70. The company has a market capitalization of $3.83 billion, a PE ratio of -1.43 and a beta of 2.21.

Sunrun (NASDAQ:RUN - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The energy company reported $1.07 EPS for the quarter, beating the consensus estimate of ($0.18) by $1.25. Sunrun had a positive return on equity of 14.19% and a negative net margin of 120.59%.The company had revenue of $569.34 million for the quarter, compared to the consensus estimate of $555.42 million. During the same quarter last year, the company posted $0.55 earnings per share. The company's revenue for the quarter was up 8.7% compared to the same quarter last year. As a group, research analysts predict that Sunrun Inc. will post -0.43 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Oppenheimer upped their target price on Sunrun from $20.00 to $21.00 and gave the company an "outperform" rating in a report on Thursday, August 7th. Wall Street Zen upgraded Sunrun from a "sell" rating to a "hold" rating in a research report on Saturday, July 12th. BNP Paribas Exane upgraded Sunrun from a "neutral" rating to an "outperform" rating and set a $21.00 target price for the company in a research report on Monday, July 7th. Royal Bank Of Canada upgraded Sunrun from a "sector perform" rating to an "outperform" rating and increased their price objective for the company from $12.00 to $16.00 in a research report on Monday, August 18th. Finally, Zacks Research upgraded Sunrun from a "hold" rating to a "strong-buy" rating in a research report on Monday, September 8th. Two research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $14.94.

Insider Buying and Selling

In other news, CRO Paul S. Dickson sold 2,577 shares of the firm's stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $16.92, for a total transaction of $43,602.84. Following the completion of the transaction, the executive directly owned 676,467 shares of the company's stock, valued at approximately $11,445,821.64. This trade represents a 0.38% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jeanna Steele sold 7,077 shares of Sunrun stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $16.75, for a total value of $118,539.75. Following the sale, the insider directly owned 415,126 shares in the company, valued at $6,953,360.50. The trade was a 1.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 80,136 shares of company stock valued at $1,076,538 in the last quarter. Insiders own 3.37% of the company's stock.

Sunrun 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.