Alpine Woods Capital Investors LLC acquired a new position in shares of Sunrun Inc (NASDAQ:RUN) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 20,125 shares of the energy company’s stock, valued at approximately $250,000.

Other hedge funds have also made changes to their positions in the company. Levin Capital Strategies L.P. purchased a new position in Sunrun during the second quarter worth about $131,000. IFG Advisory LLC purchased a new position in shares of Sunrun in the 3rd quarter worth about $141,000. Public Employees Retirement Association of Colorado purchased a new position in shares of Sunrun in the 3rd quarter worth about $153,000. Kayne Anderson Capital Advisors LP purchased a new position in shares of Sunrun in the 3rd quarter worth about $194,000. Finally, Xact Kapitalforvaltning AB purchased a new position in shares of Sunrun in the 2nd quarter worth about $204,000. 79.96% of the stock is currently owned by hedge funds and other institutional investors.

In other news, CEO Lynn Michelle Jurich sold 62,472 shares of the business’s stock in a transaction on Monday, December 3rd. The stock was sold at an average price of $15.00, for a total value of $937,080.00. Following the sale, the chief executive officer now owns 2,887,316 shares of the company’s stock, valued at approximately $43,309,740. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Tiger Global Management Llc acquired 13,502 shares of the company’s stock in a transaction dated Thursday, September 27th. The stock was purchased at an average cost of $12.00 per share, for a total transaction of $162,024.00. The disclosure for this purchase can be found here. In the last ninety days, insiders have acquired 3,135,689 shares of company stock worth $43,598,723 and have sold 741,193 shares worth $10,738,892. 19.45% of the stock is owned by insiders.

Shares of RUN traded down $0.65 during mid-day trading on Friday, hitting $13.96. The stock had a trading volume of 1,206,033 shares, compared to its average volume of 1,360,018. The firm has a market cap of $1.63 billion, a price-to-earnings ratio of 16.23, a PEG ratio of 0.93 and a beta of -0.54. Sunrun Inc has a fifty-two week low of $5.08 and a fifty-two week high of $16.44. The company has a current ratio of 1.16, a quick ratio of 0.91 and a debt-to-equity ratio of 1.44.

Sunrun (NASDAQ:RUN) last announced its quarterly earnings results on Wednesday, November 7th. The energy company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.36). The company had revenue of $204.96 million during the quarter, compared to the consensus estimate of $190.06 million. Sunrun had a return on equity of 4.78% and a net margin of 13.72%. The company’s revenue for the quarter was up 41.8% on a year-over-year basis. During the same period last year, the business posted $0.25 EPS. On average, sell-side analysts predict that Sunrun Inc will post 0.89 earnings per share for the current fiscal year.

A number of equities research analysts have recently issued reports on the company. Bank of America upgraded Sunrun from an “underperform” rating to a “neutral” rating and increased their target price for the company from $15.00 to $16.00 in a research note on Monday, August 13th. ValuEngine upgraded Sunrun from a “buy” rating to a “strong-buy” rating in a research note on Friday, November 30th. Zacks Investment Research lowered Sunrun from a “hold” rating to a “strong sell” rating in a research note on Friday, September 14th. JMP Securities lowered their price objective on Sunrun from $21.00 to $20.00 and set a “buy” rating for the company in a research note on Thursday, August 30th. Finally, Credit Suisse Group raised their price objective on Sunrun from $22.00 to $23.00 and gave the company a “buy” rating in a research note on Friday, August 10th. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company. Sunrun has a consensus rating of “Buy” and a consensus price target of $15.25.

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Sunrun Profile

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 leads. The company markets and sells its products through direct channels, partner channels, mass media, digital media, canvassing, referral, retail, and field marketing.

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Institutional Ownership by Quarter for Sunrun (NASDAQ:RUN)

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