SIR Capital Management L.P. Has $1.68 Million Stock Position in Sunrun Inc. (NASDAQ:RUN)

SIR Capital Management L.P. reduced its stake in shares of Sunrun Inc. (NASDAQ:RUN - Free Report) by 39.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 181,959 shares of the energy company's stock after selling 120,378 shares during the period. SIR Capital Management L.P. owned 0.08% of Sunrun worth $1,683,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Raiffeisen Bank International AG acquired a new position in shares of Sunrun during the 4th quarter worth approximately $2,363,000. ProShare Advisors LLC boosted its holdings in shares of Sunrun by 39.6% during the 4th quarter. ProShare Advisors LLC now owns 77,348 shares of the energy company's stock worth $715,000 after purchasing an additional 21,924 shares during the last quarter. Quantinno Capital Management LP boosted its holdings in shares of Sunrun by 25.9% during the 4th quarter. Quantinno Capital Management LP now owns 15,403 shares of the energy company's stock worth $142,000 after purchasing an additional 3,168 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Sunrun by 7.3% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 232,478 shares of the energy company's stock worth $2,150,000 after purchasing an additional 15,748 shares during the last quarter. Finally, LMR Partners LLP lifted its holdings in Sunrun by 138.4% in the fourth quarter. LMR Partners LLP now owns 50,000 shares of the energy company's stock valued at $462,000 after acquiring an additional 180,148 shares during the last quarter. 91.69% of the stock is currently owned by institutional investors and hedge funds.

Sunrun Trading Down 7.8%

Shares of NASDAQ RUN traded down $0.96 during trading on Monday, hitting $11.29. 19,616,459 shares of the company traded hands, compared to its average volume of 11,116,905. Sunrun Inc. has a 1 year low of $5.45 and a 1 year high of $22.26. The company has a 50-day moving average price of $7.38 and a 200-day moving average price of $8.87. The firm has a market capitalization of $2.58 billion, a P/E ratio of -6.20 and a beta of 2.66. The company has a quick ratio of 1.15, a current ratio of 1.47 and a debt-to-equity ratio of 1.92.

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

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on RUN shares. Jefferies Financial Group cut Sunrun from a "buy" rating to a "hold" rating and decreased their price objective for the company from $14.00 to $8.00 in a report on Wednesday, March 12th. Citigroup reiterated a "neutral" rating and issued a $7.00 price objective on shares of Sunrun in a report on Thursday, April 17th. Susquehanna decreased their price objective on Sunrun from $13.00 to $10.00 and set a "positive" rating on the stock in a report on Monday, April 14th. Royal Bank of Canada cut their target price on Sunrun from $14.00 to $12.00 and set an "outperform" rating on the stock in a research report on Thursday, May 8th. Finally, StockNews.com raised Sunrun to a "sell" rating in a research report on Thursday, May 8th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat.com, Sunrun has a consensus rating of "Hold" and an average target price of $14.92.

Insiders Place Their Bets

In related news, Director Edward Harris Fenster purchased 50,000 shares of Sunrun stock in a transaction dated Monday, May 12th. The stock was bought at an average cost of $10.87 per share, with a total value of $543,500.00. Following the purchase, the director now owns 1,408,182 shares in the company, valued at approximately $15,306,938.34. The trade was a 3.68% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Jeanna Steele sold 9,942 shares of the company's stock in a transaction that occurred on Monday, April 7th. The stock was sold at an average price of $6.74, for a total transaction of $67,009.08. Following the completion of the sale, the insider now directly owns 291,238 shares of the company's stock, valued at approximately $1,962,944.12. This represents a 3.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 138,540 shares of company stock worth $1,050,944. 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.