SPX Gestao de Recursos Ltda Has $268,000 Stock Holdings in Sunrun Inc. $RUN

SPX Gestao de Recursos Ltda decreased its stake in Sunrun Inc. (NASDAQ:RUN) by 84.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,500 shares of the energy company’s stock after selling 84,500 shares during the period. SPX Gestao de Recursos Ltda’s holdings in Sunrun were worth $268,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in RUN. Optiver Holding B.V. bought a new stake in shares of Sunrun during the third quarter worth $31,000. Smartleaf Asset Management LLC lifted its stake in shares of Sunrun by 181.0% in the 2nd quarter. Smartleaf Asset Management LLC now owns 4,130 shares of the energy company’s stock valued at $34,000 after acquiring an additional 2,660 shares during the last quarter. Spire Wealth Management boosted its holdings in shares of Sunrun by 960.0% during the 2nd quarter. Spire Wealth Management now owns 5,300 shares of the energy company’s stock valued at $43,000 after acquiring an additional 4,800 shares in the last quarter. Nomura Asset Management Co. Ltd. grew its position in Sunrun by 87.1% during the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 5,800 shares of the energy company’s stock worth $47,000 after acquiring an additional 2,700 shares during the last quarter. Finally, Federated Hermes Inc. bought a new stake in Sunrun during the 3rd quarter worth $49,000. Institutional investors and hedge funds own 91.69% of the company’s stock.

Insider Buying and Selling at Sunrun

In other news, Director Lynn Michelle Jurich sold 55,507 shares of the firm’s stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $12.68, for a total transaction of $703,828.76. Following the completion of the sale, the director owned 608,397 shares of the company’s stock, valued at $7,714,473.96. This trade represents a 8.36% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Mary Powell sold 5,357 shares of Sunrun stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $12.33, for a total transaction of $66,051.81. Following the completion of the sale, the chief executive officer owned 1,130,180 shares of the company’s stock, valued at $13,935,119.40. This represents a 0.47% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 402,726 shares of company stock valued at $7,359,546 over the last ninety days. Insiders own 3.37% of the company’s stock.

Sunrun Price Performance

Shares of NASDAQ RUN opened at $11.34 on Friday. The company has a market capitalization of $2.66 billion, a PE ratio of 6.63 and a beta of 2.43. The company has a quick ratio of 1.27, a current ratio of 1.66 and a debt-to-equity ratio of 3.38. Sunrun Inc. has a twelve month low of $5.38 and a twelve month high of $22.44. The firm has a fifty day simple moving average of $18.30 and a 200 day simple moving average of $18.28.

Sunrun (NASDAQ:RUN) last issued its quarterly earnings results on Thursday, February 26th. The energy company reported $0.38 EPS for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.46. Sunrun had a net margin of 15.22% and a return on equity of 11.72%. The business had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $610.29 million. During the same quarter in the prior year, the firm posted $1.41 earnings per share. The business’s quarterly revenue was up 123.5% compared to the same quarter last year. On average, sell-side analysts forecast that Sunrun Inc. will post -0.43 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Oppenheimer increased their target price on Sunrun from $23.00 to $25.00 and gave the company an “outperform” rating in a research report on Friday, February 27th. Loop Capital set a $12.00 target price on shares of Sunrun in a report on Tuesday. Mizuho cut their price target on shares of Sunrun from $25.00 to $22.00 and set an “outperform” rating on the stock in a report on Monday, March 2nd. Deutsche Bank Aktiengesellschaft set a $19.00 price objective on shares of Sunrun in a research note on Wednesday, January 7th. Finally, Weiss Ratings raised Sunrun from a “sell (d-)” rating to a “hold (c-)” rating in a report on Monday. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $19.84.

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.