Public Employees Retirement Association of Colorado Reduces Holdings in Sunrun Inc. (NASDAQ:RUN)

Public Employees Retirement Association of Colorado lowered its stake in Sunrun Inc. (NASDAQ:RUN) by 3.0% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 25,233 shares of the energy company’s stock after selling 770 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Sunrun were worth $299,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of RUN. Vanguard Group Inc. lifted its position in shares of Sunrun by 14.0% in the first quarter. Vanguard Group Inc. now owns 22,325,106 shares of the energy company’s stock valued at $294,245,000 after acquiring an additional 2,743,148 shares in the last quarter. Norges Bank purchased a new position in Sunrun in the 4th quarter valued at about $23,186,000. Greenvale Capital LLP boosted 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 purchasing an additional 1,100,000 shares during the last quarter. Masters Capital Management LLC purchased a new stake in shares of Sunrun during the fourth quarter worth about $19,630,000. Finally, Robeco Schweiz AG raised its position in shares of Sunrun by 23.5% in the first quarter. Robeco Schweiz AG now owns 4,611,300 shares of the energy company’s stock valued at $60,777,000 after buying an additional 876,000 shares during the last quarter. Institutional investors and hedge funds own 91.69% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on RUN shares. Susquehanna lifted their target price on shares of Sunrun from $23.00 to $24.00 and gave the stock a “positive” rating in a research note on Monday, July 15th. Evercore ISI dropped their target price on Sunrun from $42.00 to $38.00 and set an “outperform” rating for the company in a research note on Wednesday, August 7th. BMO Capital Markets raised their price target on Sunrun from $17.00 to $20.00 and gave the stock a “market perform” rating in a research note on Wednesday, August 7th. JPMorgan Chase & Co. upped their price objective on shares of Sunrun from $19.00 to $22.00 and gave the company an “overweight” rating in a research note on Wednesday, August 7th. Finally, Barclays raised their target price on shares of Sunrun from $16.00 to $19.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 23rd. One research analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $22.33.

Insider Buying and Selling

In other Sunrun news, Director Lynn Michelle Jurich sold 50,000 shares of the stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $20.20, for a total transaction of $1,010,000.00. Following the transaction, the director now owns 1,192,446 shares of the company’s stock, valued at approximately $24,087,409.20. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, Director Gerald Alan Risk sold 9,045 shares of the business’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $20.04, for a total transaction of $181,261.80. Following the completion of the sale, the director now owns 334,761 shares of the company’s stock, valued at approximately $6,708,610.44. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Lynn Michelle Jurich sold 50,000 shares of the stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $20.20, for a total transaction of $1,010,000.00. Following the sale, the director now owns 1,192,446 shares in the company, valued at approximately $24,087,409.20. The disclosure for this sale can be found here. Over the last three months, insiders sold 178,675 shares of company stock worth $3,253,289. Corporate insiders own 3.76% of the company’s stock.

Sunrun Stock Performance

Sunrun stock opened at $18.50 on Friday. Sunrun Inc. has a 52 week low of $8.43 and a 52 week high of $22.26. The company has a current ratio of 1.66, a quick ratio of 1.31 and a debt-to-equity ratio of 1.84. The stock has a market cap of $4.14 billion, a P/E ratio of -2.77 and a beta of 2.59. The stock has a 50 day moving average of $18.73 and a 200-day moving average of $14.63.

Sunrun (NASDAQ:RUN) last posted its quarterly earnings data on Tuesday, August 6th. The energy company reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of ($0.33) by $0.88. The firm had revenue of $523.87 million for the quarter, compared to the consensus estimate of $516.76 million. Sunrun had a negative net margin of 66.36% and a negative return on equity of 2.41%. The firm’s revenue was down 11.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.25 EPS. On average, analysts expect that Sunrun Inc. will post -0.16 EPS 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.