Sunrun Inc. (NASDAQ:RUN) Shares Purchased by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Sunrun Inc. (NASDAQ:RUN - Free Report) by 8.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 662,211 shares of the energy company's stock after purchasing an additional 52,176 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.30% of Sunrun worth $6,125,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Aster Capital Management DIFC Ltd purchased a new stake in shares of Sunrun in the fourth quarter valued at approximately $29,000. Newbridge Financial Services Group Inc. grew its stake in Sunrun by 133.3% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 3,500 shares of the energy company's stock valued at $32,000 after acquiring an additional 2,000 shares during the period. Summit Securities Group LLC acquired a new stake in Sunrun in the 4th quarter valued at $53,000. Union Bancaire Privee UBP SA purchased a new stake in Sunrun in the 4th quarter worth $56,000. Finally, Sterling Capital Management LLC raised its position in Sunrun by 807.5% during the fourth quarter. Sterling Capital Management LLC now owns 6,888 shares of the energy company's stock worth $64,000 after acquiring an additional 6,129 shares during the period. Institutional investors and hedge funds own 91.69% of the company's stock.

Insiders Place Their Bets

In other news, CRO Paul S. Dickson sold 19,343 shares of the company's stock in a transaction that occurred on Monday, April 7th. The shares were sold at an average price of $6.74, for a total value of $130,371.82. Following the transaction, the executive now directly owns 399,729 shares in the company, valued at approximately $2,694,173.46. This represents a 4.62% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Edward Harris Fenster bought 50,000 shares of the company's stock in a transaction that occurred on Monday, May 12th. The stock was bought at an average price of $10.87 per share, with a total value of $543,500.00. Following the acquisition, the director now directly owns 1,408,182 shares in the company, valued at $15,306,938.34. The trade was a 3.68% increase in their position. The disclosure for this purchase can be found here. Insiders sold a total of 80,138 shares of company stock valued at $540,103 over the last quarter. 3.37% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on RUN shares. BNP Paribas Exane lowered shares of Sunrun from an "outperform" rating to a "neutral" rating and set a $10.00 target price on the stock. in a research report on Thursday, May 22nd. The Goldman Sachs Group lifted their price objective on Sunrun from $12.00 to $15.00 and gave the stock a "buy" rating in a report on Monday, May 19th. BNP Paribas cut Sunrun from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 22nd. Royal Bank of Canada restated an "outperform" rating and issued a $12.00 target price on shares of Sunrun in a research report on Tuesday. Finally, BMO Capital Markets cut Sunrun from a "hold" rating to a "strong sell" rating and dropped their price target for the stock from $9.00 to $4.00 in a research report on Thursday, May 22nd. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $14.10.

Sunrun Trading Up 1.6%

RUN stock traded up $0.13 during trading on Friday, reaching $8.51. 15,423,305 shares of the stock were exchanged, compared to its average volume of 11,945,782. The company has a current ratio of 1.47, a quick ratio of 1.15 and a debt-to-equity ratio of 1.92. The firm has a market capitalization of $1.94 billion, a price-to-earnings ratio of -4.68 and a beta of 2.66. The business has a 50 day moving average price of $7.81 and a 200-day moving average price of $8.57. Sunrun Inc. has a 1 year low of $5.45 and a 1 year high of $22.26.

Sunrun (NASDAQ:RUN - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The energy company reported $0.20 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.22) by $0.42. Sunrun had a negative net margin of 18.80% and a negative return on equity of 5.15%. The business had revenue of $504.27 million during the quarter, compared to the consensus estimate of $487.29 million. During the same quarter last year, the firm earned ($0.40) EPS. The business's revenue was up 10.1% compared to the same quarter last year. On average, research analysts predict that Sunrun Inc. will post -0.43 earnings per share for the current year.

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.