Sunrun Inc. $RUN Holdings Increased by Humankind Investments LLC

Humankind Investments LLC grew its stake in shares of Sunrun Inc. (NASDAQ:RUN) by 28.5% during the first quarter, Holdings Channel reports. The institutional investor owned 26,222 shares of the energy company’s stock after acquiring an additional 5,818 shares during the period. Humankind Investments LLC’s holdings in Sunrun were worth $154,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in RUN. Alyeska Investment Group L.P. increased its position in shares of Sunrun by 593.9% in 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 acquiring an additional 10,294,947 shares in the last quarter. Greenvale Capital LLP boosted its holdings in shares of Sunrun by 50.3% during the fourth 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 during the period. Sylebra Capital LLC boosted its holdings in shares of Sunrun by 124.0% during the fourth quarter. Sylebra Capital LLC now owns 6,683,162 shares of the energy company’s stock worth $61,819,000 after purchasing an additional 3,699,405 shares during the period. Maple Rock Capital Partners Inc. boosted its holdings 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. Finally, Soros Fund Management LLC lifted its stake in Sunrun by 1,994.7% in the fourth quarter. Soros Fund Management LLC now owns 1,675,798 shares of the energy company’s stock valued at $15,501,000 after acquiring an additional 1,595,798 shares during the last quarter. Institutional investors and hedge funds own 91.69% of the company’s stock.

Insider Activity at Sunrun

In other Sunrun news, insider Jeanna Steele sold 17,417 shares of the firm’s stock in a transaction on Monday, August 18th. The stock was sold at an average price of $16.25, for a total transaction of $283,026.25. Following the completion of the sale, the insider owned 422,203 shares of the company’s stock, valued at $6,860,798.75. This trade represents a 3.96% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Danny Abajian sold 8,909 shares of the firm’s stock in a transaction 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 sale, the chief financial officer directly owned 446,797 shares of the company’s stock, valued at $4,825,407.60. This represents a 1.95% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 70,283 shares of company stock worth $836,110. 3.37% of the stock is currently owned by corporate insiders.

Sunrun Stock Performance

Shares of NASDAQ:RUN opened at $15.47 on Thursday. The company has a market capitalization of $3.57 billion, a price-to-earnings ratio of -1.33 and a beta of 2.37. The firm’s 50 day simple moving average is $10.04 and its 200 day simple moving average is $8.49. The company has a debt-to-equity ratio of 3.70, a current ratio of 1.41 and a quick ratio of 1.02. Sunrun Inc. has a fifty-two week low of $5.38 and a fifty-two week high of $22.26.

Sunrun (NASDAQ:RUN) last announced its earnings results on Wednesday, August 6th. The energy company reported $1.07 EPS for the quarter, topping the consensus estimate of ($0.18) by $1.25. The firm had revenue of $569.34 million for the quarter, compared to the consensus estimate of $555.42 million. Sunrun had a negative net margin of 120.59% and a positive return on equity of 14.19%. The business’s quarterly revenue was up 8.7% on a year-over-year basis. During the same period last year, the company posted $0.55 EPS. As a group, sell-side analysts forecast that Sunrun Inc. will post -0.43 earnings per share for the current year.

Wall Street Analyst Weigh In

RUN has been the subject of a number of analyst reports. Oppenheimer boosted their price objective on shares of Sunrun from $20.00 to $21.00 and gave the stock an “outperform” rating in a research note on Thursday, August 7th. BNP Paribas Exane upgraded shares of Sunrun from a “neutral” rating to an “outperform” rating and set a $21.00 target price for the company in a research note on Monday, July 7th. BMO Capital Markets upped their target price on shares of Sunrun from $8.00 to $10.00 and gave the company an “underperform” rating in a research note on Thursday, August 7th. UBS Group boosted their price target on shares of Sunrun from $15.00 to $16.00 and gave the company a “buy” rating in a report on Friday, August 8th. Finally, Susquehanna boosted their price target on shares of Sunrun from $12.00 to $13.00 and gave the company a “positive” rating in a report on Thursday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Sunrun currently has an average rating of “Moderate Buy” and a consensus target price of $14.63.

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.