Sunrun Inc. $RUN Stake Raised by Sei Investments Co.

Sei Investments Co. boosted its holdings in shares of Sunrun Inc. (NASDAQ:RUN) by 248.8% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 86,375 shares of the energy company’s stock after acquiring an additional 61,612 shares during the quarter. Sei Investments Co.’s holdings in Sunrun were worth $1,171,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Dimensional Fund Advisors LP lifted its position in shares of Sunrun by 2.6% in the first quarter. Dimensional Fund Advisors LP now owns 6,519,053 shares of the energy company’s stock worth $88,375,000 after purchasing an additional 165,196 shares in the last quarter. Invesco Ltd. boosted its holdings in shares of Sunrun by 26.6% during the fourth quarter. Invesco Ltd. now owns 5,868,199 shares of the energy company’s stock worth $107,975,000 after purchasing an additional 1,231,628 shares during the period. Geode Capital Management LLC grew its position in Sunrun by 3.8% during the fourth quarter. Geode Capital Management LLC now owns 5,663,239 shares of the energy company’s stock valued at $104,220,000 after purchasing an additional 205,627 shares in the last quarter. Contour Asset Management LLC purchased a new position in Sunrun during the fourth quarter valued at approximately $98,010,000. Finally, Voloridge Investment Management LLC increased its stake in Sunrun by 47.3% in the 4th quarter. Voloridge Investment Management LLC now owns 3,425,297 shares of the energy company’s stock valued at $63,025,000 after buying an additional 1,100,666 shares during the period. Hedge funds and other institutional investors own 91.69% of the company’s stock.

Insider Buying and Selling at Sunrun

In related news, Director Lynn Michelle Jurich sold 50,000 shares of the business’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $15.92, for a total transaction of $796,000.00. Following the transaction, the director owned 459,091 shares of the company’s stock, valued at approximately $7,308,728.72. The trade was a 9.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Danny Abajian sold 16,495 shares of the stock in a transaction on Monday, July 6th. The shares were sold at an average price of $13.19, for a total transaction of $217,569.05. Following the completion of the sale, the chief financial officer directly owned 420,318 shares of the company’s stock, valued at approximately $5,543,994.42. This trade represents a 3.78% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 223,045 shares of company stock valued at $2,934,835 in the last three months. 3.55% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

RUN has been the subject of a number of research analyst reports. Royal Bank Of Canada cut their target price on shares of Sunrun from $18.00 to $14.00 and set an “outperform” rating for the company in a research report on Thursday, August 6th. UBS Group dropped their price target on shares of Sunrun from $23.00 to $20.00 and set a “buy” rating on the stock in a research note on Tuesday, June 16th. Glj Research reiterated a “sell” rating and set a $4.63 price objective on shares of Sunrun in a report on Friday, July 10th. Citigroup reduced their price objective on Sunrun from $20.00 to $16.00 and set a “buy” rating for the company in a research report on Friday. Finally, Oppenheimer restated an “outperform” rating and issued a $20.00 target price on shares of Sunrun in a research note on Thursday, August 6th. Twelve analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $17.04.

Sunrun Trading Up 1.6%

Sunrun stock opened at $10.03 on Wednesday. Sunrun Inc. has a 52 week low of $8.61 and a 52 week high of $22.44. The company has a debt-to-equity ratio of 3.34, a quick ratio of 1.00 and a current ratio of 1.42. The firm has a market capitalization of $2.42 billion, a PE ratio of 6.78 and a beta of 2.35. The business’s 50-day simple moving average is $12.05 and its 200-day simple moving average is $13.99.

Sunrun (NASDAQ:RUN) last announced its earnings results on Wednesday, August 5th. The energy company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.19. The firm had revenue of $869.99 million during the quarter, compared to the consensus estimate of $746.87 million. Sunrun had a return on equity of 9.59% and a net margin of 11.59%.The firm’s revenue for the quarter was up 52.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.07 EPS. Equities research analysts forecast that Sunrun Inc. will post 1.13 earnings per share for the current year.

Sunrun Company 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.