UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Purchases 52,176 Shares of Sunrun Inc. (NASDAQ:RUN)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Sunrun Inc. (NASDAQ:RUN - Free Report) by 8.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund 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 SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. KLP Kapitalforvaltning AS purchased a new position in shares of Sunrun during the fourth quarter worth about $402,000. Clal Insurance Enterprises Holdings Ltd purchased a new position in Sunrun in the 4th quarter worth approximately $18,500,000. Charles Schwab Investment Management Inc. lifted its position in Sunrun by 7.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,325,562 shares of the energy company's stock valued at $21,511,000 after purchasing an additional 155,311 shares during the period. Greenvale Capital LLP increased its stake in shares of 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 in the last quarter. Finally, Essex Investment Management Co. LLC purchased a new stake in shares of Sunrun in the fourth quarter worth $403,000. 91.69% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Sunrun

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on RUN shares. Glj Research raised shares of Sunrun from a "strong sell" rating to a "hold" rating and set a $7.78 price target for the company in a research note on Friday, May 30th. Wall Street Zen upgraded shares of Sunrun to a "sell" rating in a research report on Thursday, May 8th. The Goldman Sachs Group increased their price objective on Sunrun from $12.00 to $15.00 and gave the company a "buy" rating in a research note on Monday, May 19th. Mizuho decreased their price target on Sunrun from $16.00 to $13.00 and set an "outperform" rating on the stock in a research note on Monday. Finally, TD Cowen reduced their target price on shares of Sunrun from $18.00 to $14.00 and set a "buy" rating on the stock in a report on Friday, February 28th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat.com, Sunrun currently has an average rating of "Hold" and an average price target of $14.10.

Sunrun Stock Up 1.3%

NASDAQ:RUN traded up $0.11 during midday trading on Thursday, hitting $8.27. 12,857,539 shares of the company were exchanged, compared to its average volume of 11,911,207. The company has a fifty day simple moving average of $7.72 and a 200 day simple moving average of $8.59. Sunrun Inc. has a fifty-two week low of $5.45 and a fifty-two week high of $22.26. 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 company has a market capitalization of $1.89 billion, a PE ratio of -4.54 and a beta of 2.66.

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, beating the consensus estimate of ($0.22) by $0.42. The company had revenue of $504.27 million for the quarter, compared to the consensus estimate of $487.29 million. Sunrun had a negative net margin of 18.80% and a negative return on equity of 5.15%. The company's revenue for the quarter was up 10.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.40) earnings per share. As a group, equities analysts anticipate that Sunrun Inc. will post -0.43 earnings per share for the current fiscal year.

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.