Sunrun Inc. $RUN Stake Reduced by Quantitative Investment Management LLC

Quantitative Investment Management LLC trimmed its holdings in Sunrun Inc. (NASDAQ:RUN) by 45.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 83,793 shares of the energy company’s stock after selling 70,415 shares during the quarter. Quantitative Investment Management LLC’s holdings in Sunrun were worth $1,121,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Farther Finance Advisors LLC grew its stake in shares of Sunrun by 156.9% in the 4th quarter. Farther Finance Advisors LLC now owns 1,449 shares of the energy company’s stock worth $27,000 after purchasing an additional 885 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in Sunrun during the fourth quarter worth approximately $27,000. Hantz Financial Services Inc. grew its position 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 buying an additional 564 shares during the last quarter. Kestra Advisory Services LLC acquired a new position in Sunrun in the fourth quarter worth approximately $30,000. Finally, Zions Bancorporation National Association UT bought a new position in shares of Sunrun in the fourth quarter valued at $31,000. Institutional investors own 91.69% of the company’s stock.

Sunrun Stock Performance

Shares of RUN stock opened at $8.56 on Tuesday. Sunrun Inc. has a fifty-two week low of $8.49 and a fifty-two week high of $22.44. The stock’s 50-day moving average is $10.98 and its two-hundred day moving average is $12.97. The company has a debt-to-equity ratio of 3.34, a current ratio of 1.42 and a quick ratio of 1.00. The firm has a market cap of $2.06 billion, a P/E ratio of 5.78 and a beta of 2.36.

Sunrun (NASDAQ:RUN) last announced its quarterly earnings results on Wednesday, August 5th. The energy company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.19. The business had revenue of $869.99 million during the quarter, compared to analyst estimates of $746.87 million. Sunrun had a return on equity of 9.59% and a net margin of 11.59%.The firm’s revenue was up 52.8% on a year-over-year basis. During the same period in the previous year, the company earned $1.07 EPS. Analysts predict that Sunrun Inc. will post 1.18 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Susquehanna cut their price objective on Sunrun from $18.00 to $15.00 and set a “positive” rating for the company in a research report on Friday, August 7th. TD Cowen cut their target price on Sunrun from $21.00 to $16.00 and set a “buy” rating on the stock in a research report on Thursday, August 6th. Weiss Ratings downgraded Sunrun from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday, July 28th. Roth Capital reiterated a “buy” rating on shares of Sunrun in a research report on Thursday, July 9th. Finally, Glj Research reissued a “sell” rating and issued a $4.63 price target on shares of Sunrun in a research note on Monday, August 17th. 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. Based on data from MarketBeat, Sunrun currently has an average rating of “Hold” and a consensus price target of $16.81.

Insider Activity

In other Sunrun news, CFO Danny Abajian sold 16,495 shares of Sunrun stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $13.19, for a total value of $217,569.05. Following the completion of the sale, the chief financial officer directly owned 420,318 shares in the company, valued at $5,543,994.42. The trade was a 3.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Mary Powell sold 23,985 shares of the business’s stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $13.19, for a total transaction of $316,362.15. Following the completion of the sale, the chief executive officer directly owned 1,111,535 shares of the company’s stock, valued at $14,661,146.65. This represents a 2.11% 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. In the last 90 days, insiders have sold 173,045 shares of company stock valued at $2,138,835. 3.55% of the stock is currently owned by company insiders.

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.