Sunrun Inc. $RUN Shares Sold by AlphaQuest LLC

AlphaQuest LLC cut its holdings in Sunrun Inc. (NASDAQ:RUN) by 83.3% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 10,090 shares of the energy company’s stock after selling 50,162 shares during the period. AlphaQuest LLC’s holdings in Sunrun were worth $83,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Apollon Wealth Management LLC acquired a new stake in shares of Sunrun during the first quarter worth $60,000. US Bancorp DE lifted its position in Sunrun by 107.6% during the first quarter. US Bancorp DE now owns 10,307 shares of the energy company’s stock worth $60,000 after buying an additional 5,342 shares during the period. Signaturefd LLC boosted its stake in Sunrun by 436.4% in the 2nd quarter. Signaturefd LLC now owns 7,805 shares of the energy company’s stock worth $64,000 after buying an additional 6,350 shares during the last quarter. PharVision Advisers LLC purchased a new stake in Sunrun in the 1st quarter valued at about $69,000. Finally, GAMMA Investing LLC increased its stake in shares of Sunrun by 14.7% during the 1st quarter. GAMMA Investing LLC now owns 12,269 shares of the energy company’s stock valued at $72,000 after acquiring an additional 1,571 shares during the last quarter. Hedge funds and other institutional investors own 91.69% of the company’s stock.

Analyst Ratings Changes

RUN has been the topic of several research analyst reports. Zacks Research cut shares of Sunrun from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 17th. UBS Group increased their price target on shares of Sunrun from $16.00 to $26.00 and gave the stock a “buy” rating in a research note on Tuesday, October 21st. Wall Street Zen upgraded shares of Sunrun from a “sell” rating to a “hold” rating in a report on Saturday, July 12th. TD Cowen upped their price objective on Sunrun from $13.00 to $14.00 and gave the stock a “buy” rating in a report on Thursday, August 7th. Finally, Royal Bank Of Canada increased their target price on Sunrun from $16.00 to $22.00 and gave the stock an “outperform” rating in a research report on Monday, October 20th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $18.60.

Insider Buying and Selling at Sunrun

In other Sunrun news, Director Alan Ferber sold 10,927 shares of the stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $11.24, for a total transaction of $122,819.48. Following the transaction, the director owned 54,947 shares of the company’s stock, valued at $617,604.28. This trade represents a 16.59% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CRO Paul S. Dickson sold 25,614 shares of Sunrun stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $20.00, for a total value of $512,280.00. Following the completion of the transaction, the executive owned 655,734 shares of the company’s stock, valued at approximately $13,114,680. The trade was a 3.76% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 316,956 shares of company stock valued at $5,952,165. Corporate insiders own 3.37% of the company’s stock.

Sunrun Price Performance

Shares of NASDAQ RUN opened at $20.59 on Thursday. The company has a quick ratio of 1.02, a current ratio of 1.41 and a debt-to-equity ratio of 3.70. The business has a 50 day moving average price of $18.33 and a two-hundred day moving average price of $12.71. The firm has a market cap of $4.75 billion, a PE ratio of -1.77 and a beta of 2.41. Sunrun Inc. has a fifty-two week low of $5.38 and a fifty-two week high of $22.44.

Sunrun (NASDAQ:RUN) last posted its quarterly earnings results on Wednesday, August 6th. The energy company reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.18) by $1.25. The firm had revenue of $569.34 million for the quarter, compared to analysts’ expectations of $555.42 million. Sunrun had a negative net margin of 120.59% and a positive return on equity of 14.19%. The firm’s quarterly revenue was up 8.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.55 earnings per share. Sell-side analysts expect that Sunrun Inc. will post -0.43 earnings per share for the current fiscal year.

Sunrun Company Profile

Sunrun Inc designs, develops, installs, sells, owns, and maintains 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; and sells services to commercial developers through multi-family and new homes.