56,861 Shares in Sunrun Inc. $RUN Purchased by Virtu Financial LLC

Virtu Financial LLC acquired a new stake in Sunrun Inc. (NASDAQ:RUN) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 56,861 shares of the energy company’s stock, valued at approximately $1,046,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Quantbot Technologies LP grew its position in Sunrun by 3,147.1% in the 3rd quarter. Quantbot Technologies LP now owns 153,164 shares of the energy company’s stock worth $2,648,000 after purchasing an additional 148,447 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Sunrun by 1.2% during the third quarter. Vanguard Group Inc. now owns 24,193,170 shares of the energy company’s stock valued at $418,300,000 after buying an additional 288,945 shares during the last quarter. Handelsbanken Fonder AB raised its holdings in shares of Sunrun by 6.7% during the fourth quarter. Handelsbanken Fonder AB now owns 2,314,802 shares of the energy company’s stock valued at $42,592,000 after buying an additional 145,285 shares during the last quarter. LBP AM SA acquired a new position in shares of Sunrun during the fourth quarter worth approximately $3,307,000. Finally, Intech Investment Management LLC boosted its position in shares of Sunrun by 33.1% during the fourth quarter. Intech Investment Management LLC now owns 324,632 shares of the energy company’s stock worth $5,973,000 after buying an additional 80,695 shares during the period. 91.69% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Sunrun news, insider Jeanna Steele sold 76,478 shares of the company’s stock in a transaction dated Monday, April 6th. The shares were sold at an average price of $13.25, for a total transaction of $1,013,333.50. Following the completion of the sale, the insider directly owned 384,538 shares of the company’s stock, valued at approximately $5,095,128.50. This represents a 16.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Mary Powell sold 193,002 shares of the firm’s stock in a transaction dated Monday, April 6th. The stock was sold at an average price of $13.25, for a total transaction of $2,557,276.50. Following the completion of the transaction, the chief executive officer owned 934,282 shares of the company’s stock, valued at approximately $12,379,236.50. The trade was a 17.12% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders have sold 694,816 shares of company stock worth $9,366,473. 3.55% of the stock is owned by company insiders.

Sunrun Price Performance

Shares of Sunrun stock opened at $13.52 on Monday. The stock’s fifty day moving average is $13.52 and its 200-day moving average is $15.76. The firm has a market capitalization of $3.23 billion, a PE ratio of 6.35 and a beta of 2.32. The company has a quick ratio of 1.09, a current ratio of 1.45 and a debt-to-equity ratio of 3.44. Sunrun Inc. has a 12-month low of $5.98 and a 12-month high of $22.44.

Sunrun (NASDAQ:RUN) last announced its earnings results on Wednesday, May 6th. The energy company reported $0.62 EPS for the quarter, beating the consensus estimate of ($0.05) by $0.67. Sunrun had a return on equity of 14.06% and a net margin of 17.88%.The business had revenue of $722.23 million during the quarter, compared to the consensus estimate of $688.50 million. During the same period in the prior year, the business posted $0.20 earnings per share. Sunrun’s revenue was up 43.2% compared to the same quarter last year. Equities analysts anticipate that Sunrun Inc. will post 1.09 earnings per share for the current year.

Wall Street Analyst Weigh In

RUN has been the topic of several analyst reports. Mizuho lowered their target price on Sunrun from $25.00 to $22.00 and set an “outperform” rating on the stock in a research report on Monday, March 2nd. Freedom Capital lowered Sunrun from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 3rd. Citigroup reduced their price target on Sunrun from $26.00 to $20.00 and set a “buy” rating for the company in a research report on Tuesday, April 21st. Jefferies Financial Group decreased their price target on Sunrun from $22.00 to $15.00 and set a “hold” rating for the company in a research note on Tuesday, April 7th. Finally, Oppenheimer raised their price target on Sunrun from $23.00 to $25.00 and gave the company an “outperform” rating in a report on Friday, February 27th. Twelve analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, Sunrun has a consensus rating of “Hold” and an average target price of $18.98.

Sunrun 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.