A number of other institutional investors and hedge funds also recently bought and sold shares of RUN. Jennison Associates LLC acquired a new stake in shares of Sunrun during the fourth quarter worth $5,704,000. Guggenheim Capital LLC raised its holdings in shares of Sunrun by 31.2% during the fourth quarter. Guggenheim Capital LLC now owns 2,660,844 shares of the energy company’s stock worth $15,700,000 after purchasing an additional 632,070 shares during the period. Millennium Management LLC raised its holdings in shares of Sunrun by 35.9% during the fourth quarter. Millennium Management LLC now owns 2,008,395 shares of the energy company’s stock worth $11,850,000 after purchasing an additional 531,030 shares during the period. DnB Asset Management AS raised its holdings in shares of Sunrun by 4.1% during the fourth quarter. DnB Asset Management AS now owns 5,357,471 shares of the energy company’s stock worth $31,609,000 after purchasing an additional 212,607 shares during the period. Finally, Amundi Pioneer Asset Management Inc. acquired a new stake in shares of Sunrun during the fourth quarter worth $1,199,000. 80.42% of the stock is currently owned by hedge funds and other institutional investors.
Metropolitan Life Insurance Co. NY cut its stake in Sunrun (NASDAQ:RUN) by 59.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,498 shares of the energy company’s stock after selling 37,668 shares during the period. Metropolitan Life Insurance Co. NY’s holdings in Sunrun were worth $150,000 at the end of the most recent reporting period.
Several equities analysts have recently commented on RUN shares. ValuEngine lowered shares of Sunrun from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 2nd. Bank of America lowered shares of Sunrun from a “buy” rating to an “underperform” rating in a research report on Friday, April 6th. Roth Capital started coverage on shares of Sunrun in a research report on Thursday, March 1st. They set a “buy” rating and a $10.00 price target for the company. Zacks Investment Research upgraded shares of Sunrun from a “hold” rating to a “buy” rating and set a $6.75 price target for the company in a research report on Thursday, January 4th. Finally, Deutsche Bank set a $10.00 price target on shares of Sunrun and gave the stock a “buy” rating in a research report on Monday, January 22nd. Two research analysts have rated the stock with a sell rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $9.98.
Sunrun stock opened at $9.22 on Tuesday. The stock has a market cap of $992.49, a PE ratio of 10.72, a PEG ratio of 0.43 and a beta of -1.03. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.29 and a quick ratio of 1.01. Sunrun has a one year low of $4.21 and a one year high of $10.16.
Sunrun (NASDAQ:RUN) last announced its earnings results on Tuesday, March 6th. The energy company reported $0.25 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.37 by ($0.12). The company had revenue of $146.44 million during the quarter, compared to the consensus estimate of $133.62 million. Sunrun had a net margin of 23.51% and a return on equity of 8.54%. equities research analysts predict that Sunrun will post 1.11 EPS for the current year.
In related news, CEO Lynn Michelle Jurich sold 36,522 shares of the stock in a transaction dated Monday, April 16th. The shares were sold at an average price of $8.50, for a total value of $310,437.00. Following the completion of the transaction, the chief executive officer now owns 2,912,115 shares in the company, valued at approximately $24,752,977.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 24.13% of the company’s stock.
Sunrun Company Profile
Sunrun Inc is engaged in the design, development, installation, sale, ownership and maintenance of residential solar energy systems (Projects) in the United States. The Company is engaged in providing solar energy services and products to its customers. As of December 31, 2016, it operated a fleet of residential solar energy systems in the United States, with approximately 134,000 customers across 16 states, as well as the District of Columbia.
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