Townsquare Capital LLC lifted its stake in shares of Sunrun Inc. (NASDAQ:RUN - Free Report) by 11.3% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 279,733 shares of the energy company's stock after acquiring an additional 28,395 shares during the period. Townsquare Capital LLC owned 0.12% of Sunrun worth $1,639,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also modified their holdings of the stock. Alyeska Investment Group L.P. raised its holdings 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 raised its holdings 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 raised its holdings 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. raised its holdings 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 raised its holdings 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. Hedge funds and other institutional investors own 91.69% of the company's stock.
Wall Street Analysts Forecast Growth
RUN has been the topic of several research analyst reports. Morgan Stanley restated an "equal weight" rating and issued a $11.00 price objective on shares of Sunrun in a report on Wednesday, April 23rd. Truist Financial reiterated a "hold" rating and set a $6.00 price target (down from $9.00) on shares of Sunrun in a research note on Wednesday, April 16th. Cowen reiterated a "buy" rating on shares of Sunrun in a research note on Thursday, August 7th. Wall Street Zen upgraded shares of Sunrun from a "sell" rating to a "hold" rating in a research note on Saturday, July 12th. Finally, Susquehanna boosted their price target on shares of Sunrun from $12.00 to $13.00 and gave the stock a "positive" rating in a research note on Thursday, August 7th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $13.85.
View Our Latest Analysis on RUN
Sunrun Price Performance
RUN stock opened at $10.93 on Thursday. The company has a market capitalization of $2.52 billion, a P/E ratio of -0.94 and a beta of 2.37. Sunrun Inc. has a twelve month low of $5.38 and a twelve month high of $22.26. The business has a 50 day simple moving average of $9.48 and a 200-day simple moving average of $8.33. 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 posted its quarterly earnings data 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 business 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% compared to the same quarter last year. During the same period in the prior year, the company earned $0.55 earnings per share. As a group, equities analysts anticipate that Sunrun Inc. will post -0.43 EPS for the current year.
Insider Transactions at Sunrun
In other news, insider Jeanna Steele sold 3,668 shares of the company's stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $10.80, for a total transaction of $39,614.40. Following the completion of the sale, the insider owned 439,620 shares in the company, valued at $4,747,896. This represents a 0.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CRO Paul S. Dickson sold 8,010 shares of the company's stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $10.81, for a total value of $86,588.10. Following the sale, the executive owned 679,044 shares of the company's stock, valued at $7,340,465.64. This trade represents a 1.17% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 41,939 shares of company stock valued at $430,264 over the last ninety days. 3.37% of the stock is owned by insiders.
Sunrun Profile
(
Free Report)
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.
Further Reading
Want to see what other hedge funds are holding RUN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sunrun Inc. (NASDAQ:RUN - Free Report).
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