Amalgamated Bank Cuts Holdings in Sunrun Inc. (NASDAQ:RUN)

Amalgamated Bank lessened its stake in Sunrun Inc. (NASDAQ:RUNGet Rating) by 3.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 143,241 shares of the energy company’s stock after selling 4,496 shares during the period. Amalgamated Bank’s holdings in Sunrun were worth $4,350,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Quaero Capital S.A. lifted its holdings in shares of Sunrun by 10.2% in the 1st quarter. Quaero Capital S.A. now owns 97,345 shares of the energy company’s stock worth $2,956,000 after acquiring an additional 8,997 shares during the last quarter. Canton Hathaway LLC lifted its holdings in shares of Sunrun by 9.1% in the 1st quarter. Canton Hathaway LLC now owns 12,000 shares of the energy company’s stock worth $364,000 after acquiring an additional 1,000 shares during the last quarter. Kayne Anderson Capital Advisors LP lifted its holdings in shares of Sunrun by 41.0% in the 1st quarter. Kayne Anderson Capital Advisors LP now owns 374,790 shares of the energy company’s stock worth $11,382,000 after acquiring an additional 108,965 shares during the last quarter. Swiss National Bank lifted its holdings in shares of Sunrun by 14.5% in the 1st quarter. Swiss National Bank now owns 762,130 shares of the energy company’s stock worth $23,146,000 after acquiring an additional 96,700 shares during the last quarter. Finally, New York State Common Retirement Fund lifted its holdings in shares of Sunrun by 2.9% in the 1st quarter. New York State Common Retirement Fund now owns 294,725 shares of the energy company’s stock worth $8,951,000 after acquiring an additional 8,400 shares during the last quarter. Hedge funds and other institutional investors own 90.85% of the company’s stock.

Sunrun Price Performance

NASDAQ:RUN opened at $34.42 on Wednesday. The firm’s 50-day moving average price is $32.02 and its 200-day moving average price is $27.82. The company has a quick ratio of 1.17, a current ratio of 1.73 and a debt-to-equity ratio of 1.08. Sunrun Inc. has a 1-year low of $16.80 and a 1-year high of $60.60.

Sunrun (NASDAQ:RUNGet Rating) last released its earnings results on Wednesday, August 3rd. The energy company reported ($0.06) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.14. The firm had revenue of $584.58 million for the quarter, compared to the consensus estimate of $485.04 million. Sunrun had a negative net margin of 5.86% and a negative return on equity of 1.39%. On average, sell-side analysts anticipate that Sunrun Inc. will post -0.72 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have recently weighed in on RUN. The Goldman Sachs Group boosted their price objective on shares of Sunrun from $36.00 to $40.00 and gave the stock a “buy” rating in a report on Thursday, August 4th. Evercore ISI upped their price target on shares of Sunrun from $64.00 to $67.00 in a report on Thursday, August 4th. BMO Capital Markets upped their price target on shares of Sunrun from $38.00 to $40.00 and gave the company an “outperform” rating in a report on Thursday, August 4th. Roth Capital lowered their price target on shares of Sunrun from $42.00 to $30.00 and set a “buy” rating for the company in a report on Wednesday, July 20th. Finally, Barclays began coverage on shares of Sunrun in a report on Friday, August 5th. They set an “overweight” rating and a $46.00 price target for the company. Two research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Sunrun currently has an average rating of “Moderate Buy” and an average price target of $48.47.

Insider Transactions at Sunrun

In other news, Director Lynn Michelle Jurich sold 3,993 shares of the company’s stock in a transaction dated Monday, September 19th. The shares were sold at an average price of $37.04, for a total value of $147,900.72. Following the sale, the director now directly owns 1,449,459 shares of the company’s stock, valued at approximately $53,687,961.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Edward Harris Fenster sold 25,000 shares of the stock in a transaction dated Tuesday, August 16th. The shares were sold at an average price of $35.38, for a total transaction of $884,500.00. Following the sale, the insider now directly owns 1,585,134 shares of the company’s stock, valued at approximately $56,082,040.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Lynn Michelle Jurich sold 3,993 shares of the stock in a transaction dated Monday, September 19th. The shares were sold at an average price of $37.04, for a total transaction of $147,900.72. Following the sale, the director now directly owns 1,449,459 shares in the company, valued at $53,687,961.36. The disclosure for this sale can be found here. Insiders have sold 387,151 shares of company stock valued at $12,977,116 in the last three months. 4.29% of the stock is currently owned by company insiders.

About Sunrun

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Sunrun Inc engages in the design, development, installation, sale, ownership, and maintenance of residential solar energy systems in the United States. It also sells solar energy systems and products, such as panels and racking; and solar leads generated to customers. In addition, the company offers battery storage along with solar energy systems.

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Institutional Ownership by Quarter for Sunrun (NASDAQ:RUN)

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