Vontobel Holding Ltd. Has $2.25 Million Holdings in Sunrun Inc. (NASDAQ:RUN)

Vontobel Holding Ltd. increased its position in shares of Sunrun Inc. (NASDAQ:RUN - Free Report) by 277.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 383,617 shares of the energy company's stock after acquiring an additional 281,869 shares during the period. Vontobel Holding Ltd. owned approximately 0.17% of Sunrun worth $2,248,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Alyeska Investment Group L.P. boosted its holdings in Sunrun by 593.9% during the fourth quarter. Alyeska Investment Group L.P. now owns 12,028,454 shares of the energy company's stock worth $111,263,000 after buying an additional 10,294,947 shares in the last quarter. Greenvale Capital LLP lifted its position in shares of Sunrun by 50.3% during the 4th quarter. Greenvale Capital LLP now owns 13,500,000 shares of the energy company's stock valued at $124,875,000 after acquiring an additional 4,516,793 shares during the last quarter. Sylebra Capital LLC boosted its stake in shares of Sunrun by 124.0% during the 4th quarter. Sylebra Capital LLC now owns 6,683,162 shares of the energy company's stock worth $61,819,000 after acquiring an additional 3,699,405 shares in the last quarter. Norges Bank acquired a new position in shares of Sunrun in the 4th quarter worth $31,022,000. Finally, Maple Rock Capital Partners Inc. raised its position in shares of Sunrun by 92.8% during the fourth quarter. Maple Rock Capital Partners Inc. now owns 3,597,600 shares of the energy company's stock worth $33,278,000 after purchasing an additional 1,732,000 shares during the period. 91.69% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

RUN has been the subject of a number of recent analyst reports. Susquehanna decreased their price target on Sunrun from $13.00 to $10.00 and set a "positive" rating for the company in a research report on Monday, April 14th. UBS Group reduced their price objective on shares of Sunrun from $17.00 to $12.00 and set a "buy" rating for the company in a research note on Friday, May 30th. Citigroup reissued a "neutral" rating and issued a $7.00 target price on shares of Sunrun in a research report on Thursday, April 17th. BMO Capital Markets lowered Sunrun from a "hold" rating to a "strong sell" rating and dropped their price target for the company from $9.00 to $4.00 in a research report on Thursday, May 22nd. Finally, Royal Bank Of Canada cut Sunrun from an "outperform" rating to a "sector perform" rating and lowered their target price for the company from $12.00 to $5.00 in a research note on Wednesday, June 18th. Five research analysts have rated the stock with a sell rating, ten have assigned a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $13.26.

Sunrun Stock Up 16.1%

Shares of NASDAQ:RUN traded up $1.45 on Friday, reaching $10.44. The company had a trading volume of 33,830,506 shares, compared to its average volume of 13,369,374. The stock has a market capitalization of $2.39 billion, a P/E ratio of -0.86 and a beta of 2.60. The stock has a 50-day moving average price of $8.34 and a 200 day moving average price of $8.19. Sunrun Inc. has a twelve month low of $5.38 and a twelve month high of $22.26. The company has a quick ratio of 0.99, a current ratio of 1.32 and a debt-to-equity ratio of 3.89.

Sunrun (NASDAQ:RUN - Get Free Report) last announced its 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 positive return on equity of 9.42% and a negative net margin of 129.97%. The firm had revenue of $504.27 million during the quarter, compared to analysts' expectations of $487.29 million. During the same quarter in the prior year, the business earned ($0.40) earnings per share. The company's revenue was up 10.1% on a year-over-year basis. On average, equities analysts expect that Sunrun Inc. will post -0.43 EPS for the current year.

Insider Buying and Selling at Sunrun

In other news, CFO Danny Abajian sold 16,927 shares of Sunrun stock in a transaction dated Monday, April 7th. The stock was sold at an average price of $6.74, for a total value of $114,087.98. Following the transaction, the chief financial officer directly owned 231,279 shares in the company, valued at approximately $1,558,820.46. The trade was a 6.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Jeanna Steele sold 9,942 shares of the business's stock in a transaction dated Monday, April 7th. The stock was sold at an average price of $6.74, for a total value of $67,009.08. Following the transaction, the insider directly owned 291,238 shares of the company's stock, valued at $1,962,944.12. This represents a 3.30% decrease in their position. The disclosure for this sale can be found here. Insiders sold 88,993 shares of company stock worth $612,979 in the last quarter. 3.37% of the stock is owned by corporate insiders.

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.