Universal Beteiligungs und Servicegesellschaft mbH Buys 146,588 Shares of Sunrun Inc. $RUN

Universal Beteiligungs und Servicegesellschaft mbH grew its position in shares of Sunrun Inc. (NASDAQ:RUN) by 41.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 498,530 shares of the energy company’s stock after acquiring an additional 146,588 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned 0.22% of Sunrun worth $8,620,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Smartleaf Asset Management LLC boosted its holdings in Sunrun by 181.0% during the second quarter. Smartleaf Asset Management LLC now owns 4,130 shares of the energy company’s stock worth $34,000 after purchasing an additional 2,660 shares during the last quarter. Spire Wealth Management lifted its position 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 worth $43,000 after buying an additional 4,800 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its stake in shares of Sunrun by 87.1% in the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 5,800 shares of the energy company’s stock worth $47,000 after buying an additional 2,700 shares during the last quarter. Signaturefd LLC grew its holdings in shares of Sunrun by 436.4% in the second quarter. Signaturefd LLC now owns 7,805 shares of the energy company’s stock valued at $64,000 after acquiring an additional 6,350 shares in the last quarter. Finally, CWM LLC grew its holdings in shares of Sunrun by 53.0% in the third quarter. CWM LLC now owns 8,119 shares of the energy company’s stock valued at $140,000 after acquiring an additional 2,812 shares in the last quarter. Hedge funds and other institutional investors own 91.69% of the company’s stock.

Insider Buying and Selling

In other Sunrun news, CFO Danny Abajian sold 7,190 shares of the stock in a transaction on Tuesday, January 6th. The stock was sold at an average price of $17.80, for a total transaction of $127,982.00. Following the sale, the chief financial officer owned 405,518 shares in the company, valued at $7,218,220.40. This represents a 1.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CRO Paul S. Dickson sold 6,119 shares of the firm’s stock in a transaction on Tuesday, January 6th. The stock was sold at an average price of $17.80, for a total value of $108,918.20. Following the completion of the transaction, the executive directly owned 639,110 shares of the company’s stock, valued at $11,376,158. The trade was a 0.95% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 354,956 shares of company stock worth $6,725,832 in the last 90 days. 3.37% of the stock is currently owned by company insiders.

Sunrun Trading Up 4.0%

Shares of RUN opened at $19.52 on Monday. Sunrun Inc. has a fifty-two week low of $5.38 and a fifty-two week high of $22.44. The business has a 50-day moving average of $18.54 and a 200 day moving average of $16.84. The firm has a market cap of $4.53 billion, a P/E ratio of -1.75 and a beta of 2.35. The company has a debt-to-equity ratio of 3.67, a quick ratio of 1.06 and a current ratio of 1.46.

Sunrun (NASDAQ:RUN) last issued its earnings results on Thursday, November 6th. The energy company reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.05. The firm had revenue of $724.56 million during the quarter, compared to analyst estimates of $601.15 million. Sunrun had a negative net margin of 106.50% and a positive return on equity of 19.34%. The company’s quarterly revenue was up 34.9% on a year-over-year basis. During the same quarter last year, the business earned ($0.37) earnings per share. As a group, research analysts forecast that Sunrun Inc. will post -0.43 EPS for the current year.

Analyst Ratings Changes

RUN has been the topic of a number of recent analyst reports. Oppenheimer lifted their price target on Sunrun from $21.00 to $23.00 and gave the stock an “outperform” rating in a report on Thursday, October 9th. Susquehanna lifted their target price on Sunrun from $13.00 to $23.00 and gave the stock a “positive” rating in a research note on Monday, October 13th. Raymond James Financial began coverage on shares of Sunrun in a research report on Monday, January 12th. They set a “market perform” rating for the company. Guggenheim upgraded shares of Sunrun from a “neutral” rating to a “buy” rating and set a $27.00 price objective for the company in a report on Monday, November 10th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Sunrun from $23.00 to $25.00 and gave the stock an “overweight” rating in a research report on Thursday, October 16th. Thirteen equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Sunrun presently has a consensus rating of “Moderate Buy” and an average price target of $19.75.

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.