Alps Advisors Inc. grew its holdings in Sunrun Inc (NASDAQ:RUN) by 36.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 221,445 shares of the energy company’s stock after purchasing an additional 58,795 shares during the period. Alps Advisors Inc. owned approximately 0.19% of Sunrun worth $3,699,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. JPMorgan Chase & Co. increased its stake in shares of Sunrun by 38.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 483,254 shares of the energy company’s stock valued at $8,988,000 after purchasing an additional 134,790 shares during the last quarter. Perella Weinberg Partners Capital Management LP bought a new stake in Sunrun during the 2nd quarter worth $559,000. Brightline Capital Management LLC grew its position in Sunrun by 215.0% during the 2nd quarter. Brightline Capital Management LLC now owns 630,000 shares of the energy company’s stock worth $11,819,000 after acquiring an additional 430,000 shares during the last quarter. Nuveen Asset Management LLC grew its position in Sunrun by 1,553.3% during the 2nd quarter. Nuveen Asset Management LLC now owns 451,295 shares of the energy company’s stock worth $8,466,000 after acquiring an additional 423,999 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD bought a new stake in Sunrun during the 2nd quarter worth $6,039,000. Institutional investors own 83.32% of the company’s stock.
In related news, major shareholder Tiger Global Management Llc purchased 640,000 shares of Sunrun stock in a transaction on Wednesday, August 21st. The shares were purchased at an average price of $15.78 per share, for a total transaction of $10,099,200.00. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Global Long Opportunitie Tiger purchased 6,000 shares of Sunrun stock in a transaction on Tuesday, October 1st. The stock was bought at an average price of $27.84 per share, for a total transaction of $167,040.00. In the last quarter, insiders acquired 5,861,191 shares of company stock worth $92,527,174 and sold 72,322 shares worth $1,205,124. Insiders own 9.34% of the company’s stock.
RUN has been the topic of a number of research reports. Zacks Investment Research lowered Sunrun from a “hold” rating to a “strong sell” rating in a research report on Saturday, October 19th. ValuEngine upgraded Sunrun from a “hold” rating to a “buy” rating in a research report on Friday, November 1st. BidaskClub lowered Sunrun from a “buy” rating to a “hold” rating in a research report on Thursday. KeyCorp initiated coverage on Sunrun in a research report on Monday, August 19th. They set an “overweight” rating and a $19.00 price objective on the stock. Finally, Credit Suisse Group set a $26.00 price objective on Sunrun and gave the stock a “buy” rating in a research report on Friday, October 11th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and eight have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $22.19.
NASDAQ RUN opened at $14.74 on Friday. The business’s 50-day moving average price is $16.31 and its two-hundred day moving average price is $16.86. Sunrun Inc has a 12 month low of $8.81 and a 12 month high of $21.42. The firm has a market capitalization of $1.76 billion, a PE ratio of 64.09, a price-to-earnings-growth ratio of 6.16 and a beta of 0.74. The company has a current ratio of 0.83, a quick ratio of 0.69 and a debt-to-equity ratio of 1.68.
Sunrun (NASDAQ:RUN) last released its quarterly earnings results on Wednesday, August 7th. The energy company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.18). Sunrun had a negative net margin of 2.84% and a negative return on equity of 1.89%. The company had revenue of $204.60 million during the quarter, compared to the consensus estimate of $198.78 million. During the same quarter last year, the firm posted $0.06 EPS. The company’s quarterly revenue was up 20.0% on a year-over-year basis. As a group, analysts forecast that Sunrun Inc will post 0.49 earnings per share for the current fiscal year.
Sunrun Inc engages in the design, development, installation, sale, ownership, and maintenance of residential solar energy systems in the United States. It also sells solar energy systems and products, such as panels and racking, as well as solar leads generated to customers. The company markets and sells its products through direct-to-consumer approach across online, retail, mass media, digital media, canvassing, field marketing, and referral channels, as well as its partner network.
Featured Article: Quick Ratio
Receive News & Ratings for Sunrun Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sunrun and related companies with MarketBeat.com's FREE daily email newsletter.