Sunrun Inc. $RUN Shares Purchased by Quinn Opportunity Partners LLC

Quinn Opportunity Partners LLC increased its holdings in shares of Sunrun Inc. (NASDAQ:RUN) by 20.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 60,000 shares of the energy company’s stock after acquiring an additional 10,100 shares during the period. Quinn Opportunity Partners LLC’s holdings in Sunrun were worth $491,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Teacher Retirement System of Texas acquired a new position in shares of Sunrun during the 1st quarter worth $192,000. Principal Financial Group Inc. grew its holdings in shares of Sunrun by 2.7% during the first quarter. Principal Financial Group Inc. now owns 1,116,909 shares of the energy company’s stock worth $6,545,000 after buying an additional 29,227 shares in the last quarter. Xponance Inc. raised its holdings in Sunrun by 23.5% in the 1st quarter. Xponance Inc. now owns 20,089 shares of the energy company’s stock valued at $118,000 after acquiring an additional 3,824 shares during the last quarter. Ballentine Partners LLC boosted its holdings in shares of Sunrun by 199.6% during the first quarter. Ballentine Partners LLC now owns 31,019 shares of the energy company’s stock worth $182,000 after purchasing an additional 20,665 shares during the last quarter. Finally, CWM LLC grew its holdings in Sunrun by 1,064.7% in the 1st quarter. CWM LLC now owns 31,890 shares of the energy company’s stock valued at $187,000 after buying an additional 29,152 shares during the period. Hedge funds and other institutional investors own 91.69% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Mary Powell sold 11,699 shares of the firm’s stock in a transaction that occurred on Monday, October 6th. The shares were sold at an average price of $19.34, for a total transaction of $226,258.66. Following the transaction, the chief executive officer owned 876,590 shares of the company’s stock, valued at approximately $16,953,250.60. This trade represents a 1.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CRO Paul S. Dickson sold 12,493 shares of the stock in a transaction dated Tuesday, October 7th. The shares were sold at an average price of $20.02, for a total value of $250,109.86. Following the transaction, the executive directly owned 647,600 shares in the company, valued at approximately $12,964,952. This represents a 1.89% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 306,029 shares of company stock worth $5,829,345 in the last quarter. Corporate insiders own 3.37% of the company’s stock.

Wall Street Analysts Forecast Growth

RUN has been the topic of a number of recent research reports. TD Cowen lifted their price target on shares of Sunrun from $22.00 to $23.00 and gave the company a “buy” rating in a research report on Friday, November 7th. Jefferies Financial Group raised shares of Sunrun from a “hold” rating to a “buy” rating and upped their price target for the stock from $11.00 to $21.00 in a research report on Wednesday, October 1st. Royal Bank Of Canada raised their price objective on Sunrun from $16.00 to $22.00 and gave the company an “outperform” rating in a research report on Monday, October 20th. Cowen reaffirmed a “buy” rating on shares of Sunrun in a research report on Thursday, August 7th. Finally, Zacks Research downgraded Sunrun from a “strong-buy” rating to a “hold” rating in a report on Friday, October 17th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $19.16.

Sunrun Stock Down 1.6%

Sunrun stock opened at $19.44 on Thursday. The company has a debt-to-equity ratio of 3.70, a quick ratio of 1.02 and a current ratio of 1.41. The company has a 50-day simple moving average of $18.61 and a 200-day simple moving average of $13.13. The firm has a market capitalization of $4.51 billion, a P/E ratio of -1.67 and a beta of 2.35. Sunrun Inc. has a one year low of $5.38 and a one year high of $22.44.

Sunrun (NASDAQ:RUN) last announced its quarterly earnings data on Thursday, November 6th. The energy company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.05. The company had revenue of $724.56 million for the quarter, compared to analysts’ expectations of $601.15 million. Sunrun had a negative net margin of 120.59% and a positive return on equity of 14.19%. The business’s revenue was up 34.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.37) EPS. As a group, equities analysts expect that Sunrun Inc. will post -0.43 earnings per share for the current year.

Sunrun 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.