Intech Investment Management LLC Has $738,000 Stock Holdings in Sunrun Inc. $RUN

Intech Investment Management LLC lowered its stake in shares of Sunrun Inc. (NASDAQ:RUN) by 25.4% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 90,188 shares of the energy company’s stock after selling 30,720 shares during the period. Intech Investment Management LLC’s holdings in Sunrun were worth $738,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Spire Wealth Management raised its holdings in shares of Sunrun by 960.0% during the second quarter. Spire Wealth Management now owns 5,300 shares of the energy company’s stock worth $43,000 after acquiring an additional 4,800 shares in the last quarter. Signaturefd LLC grew its stake in Sunrun by 436.4% in the second quarter. Signaturefd LLC now owns 7,805 shares of the energy company’s stock valued at $64,000 after purchasing an additional 6,350 shares in the last quarter. US Bancorp DE increased its position in Sunrun by 107.6% in the 1st quarter. US Bancorp DE now owns 10,307 shares of the energy company’s stock worth $60,000 after purchasing an additional 5,342 shares during the last quarter. Sage Rhino Capital LLC purchased a new stake in shares of Sunrun during the 2nd quarter worth about $87,000. Finally, PharVision Advisers LLC acquired a new stake in shares of Sunrun during the 1st quarter valued at about $69,000. 91.69% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on RUN shares. UBS Group increased their price objective on Sunrun from $16.00 to $26.00 and gave the stock a “buy” rating in a report on Tuesday, October 21st. Jefferies Financial Group upgraded shares of Sunrun from a “hold” rating to a “buy” rating and increased their price target for the stock from $11.00 to $21.00 in a research note on Wednesday, October 1st. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Sunrun from $11.00 to $20.00 and gave the company a “hold” rating in a research note on Wednesday, October 1st. Cowen reiterated a “buy” rating on shares of Sunrun in a report on Thursday, August 7th. Finally, Zacks Research lowered Sunrun from a “strong-buy” rating to a “hold” rating in a report on Friday, October 17th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Sunrun currently has an average rating of “Moderate Buy” and an average target price of $19.54.

Sunrun Trading Up 3.1%

Shares of NASDAQ:RUN opened at $19.23 on Thursday. The company has a debt-to-equity ratio of 3.70, a quick ratio of 1.02 and a current ratio of 1.41. The stock’s 50-day moving average is $19.04 and its 200-day moving average is $13.90. The company has a market cap of $4.46 billion, a P/E ratio of -1.66 and a beta of 2.35. Sunrun Inc. has a 52-week low of $5.38 and a 52-week high of $22.44.

Sunrun (NASDAQ:RUN) last posted its quarterly earnings data on Thursday, November 6th. The energy company reported $0.06 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.05. The business had revenue of $724.56 million during the quarter, compared to analysts’ expectations of $601.15 million. Sunrun had a positive return on equity of 14.19% and a negative net margin of 120.59%.The firm’s revenue was up 34.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.37) EPS. Equities research analysts predict that Sunrun Inc. will post -0.43 earnings per share for the current year.

Insider Buying and Selling

In other news, CEO Mary Powell sold 11,699 shares of the firm’s stock in a transaction on Monday, October 6th. The shares were sold at an average price of $19.34, for a total value of $226,258.66. Following the sale, the chief executive officer owned 876,590 shares in the company, valued at approximately $16,953,250.60. This trade represents a 1.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Danny Abajian sold 9,055 shares of the business’s stock in a transaction on Monday, October 6th. The stock was sold at an average price of $19.35, for a total transaction of $175,214.25. Following the transaction, the chief financial officer directly owned 424,606 shares in the company, valued at $8,216,126.10. This trade represents a 2.09% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 281,535 shares of company stock valued at $5,427,779 in the last ninety days. Company 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.