Vanguard Group Inc. Buys 176,861 Shares of Sunrun Inc. (NASDAQ:RUN)

Vanguard Group Inc. lifted its position in Sunrun Inc. (NASDAQ:RUN - Free Report) by 0.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,581,958 shares of the energy company's stock after acquiring an additional 176,861 shares during the period. Vanguard Group Inc. owned approximately 8.92% of Sunrun worth $384,394,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of RUN. Norges Bank bought a new stake in Sunrun during the 4th quarter worth approximately $23,186,000. Deutsche Bank AG increased its stake in Sunrun by 112.9% during the 3rd quarter. Deutsche Bank AG now owns 2,226,821 shares of the energy company's stock worth $27,969,000 after purchasing an additional 1,180,823 shares in the last quarter. Greenvale Capital LLP grew its stake in shares of Sunrun by 15.3% during the 4th quarter. Greenvale Capital LLP now owns 8,300,000 shares of the energy company's stock worth $162,929,000 after acquiring an additional 1,100,000 shares in the last quarter. Masters Capital Management LLC bought a new position in shares of Sunrun during the 4th quarter worth approximately $19,630,000. Finally, Wellington Management Group LLP bought a new position in shares of Sunrun during the 4th quarter worth approximately $15,935,000. 91.69% of the stock is owned by institutional investors.

Sunrun Trading Down 10.6 %

Shares of RUN traded down $1.41 during trading hours on Friday, hitting $11.86. 43,233,618 shares of the stock were exchanged, compared to its average volume of 13,329,209. Sunrun Inc. has a fifty-two week low of $8.43 and a fifty-two week high of $23.85. The company has a debt-to-equity ratio of 1.84, a current ratio of 1.31 and a quick ratio of 0.99. The business has a 50-day moving average of $12.48 and a 200-day moving average of $13.60. The firm has a market capitalization of $2.63 billion, a P/E ratio of -1.78 and a beta of 2.65.

Sunrun (NASDAQ:RUN - Get Free Report) last posted its quarterly earnings results on Wednesday, May 8th. The energy company reported ($0.40) EPS for the quarter, topping analysts' consensus estimates of ($0.49) by $0.09. The business had revenue of $458.20 million during the quarter, compared to analysts' expectations of $471.38 million. Sunrun had a negative net margin of 68.22% and a negative return on equity of 3.58%. The business's quarterly revenue was down 22.3% on a year-over-year basis. During the same period last year, the company posted ($1.12) earnings per share. On average, research analysts expect that Sunrun Inc. will post -1.27 EPS for the current year.

Insiders Place Their Bets

In other Sunrun news, CRO Paul S. Dickson sold 14,945 shares of the firm's stock in a transaction on Monday, April 8th. The shares were sold at an average price of $12.07, for a total value of $180,386.15. Following the completion of the sale, the executive now directly owns 283,772 shares in the company, valued at $3,425,128.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Sunrun news, CRO Paul S. Dickson sold 14,945 shares of the firm's stock in a transaction on Monday, April 8th. The shares were sold at an average price of $12.07, for a total value of $180,386.15. Following the transaction, the executive now directly owns 283,772 shares of the company's stock, valued at $3,425,128.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Edward Harris Fenster sold 44,646 shares of the firm's stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $15.91, for a total transaction of $710,317.86. Following the completion of the transaction, the director now directly owns 1,207,423 shares in the company, valued at $19,210,099.93. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 427,143 shares of company stock worth $5,502,579. 3.76% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

RUN has been the subject of several research reports. Jefferies Financial Group decreased their price target on shares of Sunrun from $32.00 to $26.00 and set a "buy" rating for the company in a research note on Thursday, May 9th. Mizuho decreased their price target on shares of Sunrun from $28.00 to $23.00 and set a "buy" rating for the company in a research note on Friday, April 19th. Susquehanna decreased their price target on shares of Sunrun from $25.00 to $23.00 and set a "positive" rating for the company in a research note on Thursday, May 9th. Morgan Stanley raised their price target on shares of Sunrun from $24.00 to $29.00 and gave the stock an "overweight" rating in a research note on Friday, June 14th. Finally, Royal Bank of Canada decreased their price target on shares of Sunrun from $17.00 to $15.00 and set an "outperform" rating for the company in a research note on Friday, March 15th. Seven research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $21.47.

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.