Sunrun Inc. $RUN Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its holdings in shares of Sunrun Inc. (NASDAQ:RUN) by 25.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 570,066 shares of the energy company’s stock after selling 194,331 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Sunrun were worth $7,627,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Allworth Financial LP acquired a new position in Sunrun during the 2nd quarter valued at about $25,000. Caitong International Asset Management Co. Ltd purchased a new stake in Sunrun in the fourth quarter valued at about $27,000. Hantz Financial Services Inc. boosted its holdings in Sunrun by 59.1% in the fourth quarter. Hantz Financial Services Inc. now owns 1,519 shares of the energy company’s stock worth $28,000 after acquiring an additional 564 shares in the last quarter. Kestra Advisory Services LLC purchased a new stake in shares of Sunrun during the fourth quarter worth about $30,000. Finally, Zions Bancorporation National Association UT acquired a new position in shares of Sunrun during the fourth quarter valued at about $31,000. Institutional investors and hedge funds own 91.69% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Citigroup decreased their price objective on shares of Sunrun from $20.00 to $16.00 and set a “buy” rating for the company in a research report on Friday, August 7th. Roth Capital reaffirmed a “buy” rating on shares of Sunrun in a report on Thursday, July 9th. Glj Research reiterated a “sell” rating and set a $4.63 price objective on shares of Sunrun in a research note on Monday, August 17th. Wells Fargo & Company lowered their price objective on shares of Sunrun from $22.00 to $17.00 and set an “overweight” rating for the company in a research note on Friday, August 14th. Finally, Oppenheimer reiterated an “outperform” rating and set a $20.00 price target on shares of Sunrun in a research note on Thursday, August 6th. Twelve investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Sunrun presently has a consensus rating of “Hold” and an average target price of $16.81.

Sunrun Stock Performance

Shares of NASDAQ RUN opened at $8.89 on Tuesday. The company has a 50 day simple moving average of $10.50 and a two-hundred day simple moving average of $12.61. The stock has a market cap of $2.14 billion, a price-to-earnings ratio of 6.01 and a beta of 2.37. The company has a current ratio of 1.42, a quick ratio of 1.00 and a debt-to-equity ratio of 3.34. Sunrun Inc. has a 12 month low of $8.22 and a 12 month high of $22.44.

Sunrun (NASDAQ:RUN) last released its quarterly earnings data on Wednesday, August 5th. The energy company reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.19. Sunrun had a net margin of 11.59% and a return on equity of 9.59%. The firm had revenue of $869.99 million for the quarter, compared to analyst estimates of $746.87 million. During the same quarter in the prior year, the business earned $1.07 earnings per share. The business’s quarterly revenue was up 52.8% compared to the same quarter last year. As a group, analysts predict that Sunrun Inc. will post 1.18 earnings per share for the current year.

Insider Buying and Selling

In other news, CEO Mary Powell sold 23,985 shares of the business’s stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $13.19, for a total value of $316,362.15. Following the completion of the transaction, the chief executive officer owned 1,111,535 shares of the company’s stock, valued at $14,661,146.65. The trade was a 2.11% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Lynn Jurich sold 50,000 shares of the business’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $9.96, for a total value of $498,000.00. Following the completion of the transaction, the director directly owned 367,405 shares of the company’s stock, valued at approximately $3,659,353.80. This trade represents a 11.98% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 171,015 shares of company stock valued at $2,111,653 in the last 90 days. 3.55% of the stock is currently owned by insiders.

Sunrun Profile

Sunrun, Inc (NASDAQ: RUN) is a leading provider of residential solar energy systems in the United States. The company designs, installs and maintains rooftop solar panels and battery storage solutions for homeowners under flexible financing arrangements. Customers can choose from leasing, power purchase agreements or solar ownership models, all of which are supported by Sunrun’s network of installation partners and service technicians. Sunrun also offers integrated home energy management services, including its Brightbox battery storage product, which enables customers to store solar energy for use during peak hours or power outages.

Founded in 2007 by Lynn Jurich, Ed Fenster and Nat Kreamer, Sunrun is headquartered in San Francisco, California.