Universal Beteiligungs und Servicegesellschaft mbH Makes New $1.80 Million Investment in Sunrun Inc. (NASDAQ:RUN)

Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Sunrun Inc. (NASDAQ:RUN - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 306,600 shares of the energy company's stock, valued at approximately $1,797,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.13% of Sunrun at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of RUN. Aster Capital Management DIFC Ltd acquired a new stake in shares of Sunrun during the fourth quarter worth $29,000. Apollon Wealth Management LLC bought a new position in Sunrun during the first quarter worth about $60,000. Sterling Capital Management LLC lifted its holdings 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 in the last quarter. Alterna Wealth Management Inc. lifted its holdings in Sunrun by 16.6% during the first 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 in the last quarter. Finally, GAMMA Investing LLC lifted its holdings in Sunrun by 14.7% during the first 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 in the last quarter. 91.69% of the stock is owned by institutional investors and hedge funds.

Sunrun Stock Performance

Shares of Sunrun stock traded up $0.11 on Thursday, hitting $10.26. The stock had a trading volume of 9,358,937 shares, compared to its average volume of 16,425,698. Sunrun Inc. has a twelve month low of $5.38 and a twelve month high of $22.26. The business's 50 day moving average is $8.87 and its two-hundred day moving average is $8.25. The company has a quick ratio of 0.99, a current ratio of 1.32 and a debt-to-equity ratio of 3.89. The stock has a market cap of $2.34 billion, a price-to-earnings ratio of -0.85 and a beta of 2.60.

Sunrun (NASDAQ:RUN - Get Free Report) last posted its earnings results on Wednesday, May 7th. The energy company reported $0.20 EPS for the quarter, beating the consensus estimate of ($0.22) by $0.42. Sunrun had a positive return on equity of 9.42% and a negative net margin of 129.97%. The company had revenue of $504.27 million for the quarter, compared to the consensus estimate of $487.29 million. During the same quarter in the prior year, the business earned ($0.40) earnings per share. The firm's revenue for the quarter was up 10.1% on a year-over-year basis. Analysts forecast that Sunrun Inc. will post -0.43 EPS for the current year.

Wall Street Analyst Weigh In

RUN has been the topic of several recent analyst reports. Wall Street Zen upgraded Sunrun from a "sell" rating to a "hold" rating in a report on Saturday, July 12th. Citigroup restated a "neutral" rating and issued a $7.00 price target on shares of Sunrun in a report on Thursday, April 17th. KeyCorp upgraded Sunrun from an "underweight" rating to a "sector weight" rating in a report on Tuesday, July 8th. Susquehanna boosted their price target on Sunrun from $10.00 to $12.00 and gave the company a "positive" rating in a report on Monday, July 21st. Finally, Jefferies Financial Group upgraded Sunrun from an "underperform" rating to a "hold" rating and boosted their price target for the company from $5.00 to $11.00 in a report on Wednesday, July 9th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Sunrun currently has an average rating of "Hold" and a consensus target price of $14.30.

Insiders Place Their Bets

In related news, CRO Paul S. Dickson sold 8,010 shares of the business'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 completion of the sale, the executive directly owned 679,044 shares in the company, valued at approximately $7,340,465.64. The trade was a 1.17% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Danny Abajian sold 8,909 shares of the business's stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $10.80, for a total value of $96,217.20. Following the completion of the sale, the chief financial officer owned 446,797 shares of the company's stock, valued at approximately $4,825,407.60. This trade represents a 1.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 41,939 shares of company stock valued at $430,264 in the last quarter. Company insiders own 3.37% of the company's stock.

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.