Quantitative Investment Management LLC Has $1.12 Million Position in Sunrun Inc. $RUN

Quantitative Investment Management LLC lowered its stake in shares of Sunrun Inc. (NASDAQ:RUN) by 45.7% in the second quarter, Holdings Channel reports. The firm owned 83,793 shares of the energy company’s stock after selling 70,415 shares during the period. Quantitative Investment Management LLC’s holdings in Sunrun were worth $1,121,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Royal Bank of Canada lifted its stake in shares of Sunrun by 5.1% in the first quarter. Royal Bank of Canada now owns 626,536 shares of the energy company’s stock worth $3,672,000 after buying an additional 30,175 shares during the last quarter. Integrated Wealth Concepts LLC grew its stake in Sunrun by 47.8% in the 1st quarter. Integrated Wealth Concepts LLC now owns 32,767 shares of the energy company’s stock valued at $192,000 after buying an additional 10,598 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Sunrun by 2.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 238,360 shares of the energy company’s stock worth $1,397,000 after acquiring an additional 5,882 shares during the period. Jones Financial Companies Lllp raised its holdings in Sunrun by 511.0% in the 1st quarter. Jones Financial Companies Lllp now owns 27,026 shares of the energy company’s stock worth $158,000 after acquiring an additional 22,603 shares during the period. Finally, Goldman Sachs Group Inc. lifted its position in Sunrun by 45.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,306,808 shares of the energy company’s stock worth $13,518,000 after acquiring an additional 718,955 shares during the last quarter. Institutional investors and hedge funds own 91.69% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on RUN. Royal Bank Of Canada decreased their price target on shares of Sunrun from $18.00 to $14.00 and set an “outperform” rating for the company in a report on Thursday, August 6th. Glj Research reiterated a “sell” rating and issued a $4.63 price objective on shares of Sunrun in a research note on Monday, August 17th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $17.00 price objective on shares of Sunrun in a research report on Friday, May 8th. UBS Group lowered their target price on Sunrun from $23.00 to $20.00 and set a “buy” rating on the stock in a report on Tuesday, June 16th. Finally, Zacks Research downgraded Sunrun from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 2nd. Twelve analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $16.81.

Insider Buying and Selling at Sunrun

In other Sunrun news, CRO Paul S. Dickson sold 15,613 shares of the company’s stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $13.18, for a total value of $205,779.34. Following the completion of the transaction, the executive owned 839,539 shares of the company’s stock, valued at $11,065,124.02. This represents a 1.83% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Lynn Michelle Jurich sold 50,000 shares of the firm’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $9.96, for a total value of $498,000.00. Following the completion of the sale, the director owned 367,405 shares of the company’s stock, valued at $3,659,353.80. This 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 173,045 shares of company stock valued at $2,138,835 over the last quarter. Company insiders own 3.55% of the company’s stock.

Sunrun Price Performance

Shares of Sunrun stock opened at $8.56 on Tuesday. 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 company has a market cap of $2.06 billion, a PE ratio of 5.78 and a beta of 2.36. The firm has a fifty day moving average price of $10.98 and a two-hundred day moving average price of $12.97. Sunrun Inc. has a fifty-two week low of $8.49 and a fifty-two week high of $22.44.

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

About Sunrun

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.