Swedbank AB Sells 15,390 Shares of Sunrun Inc. (NASDAQ:RUN)

Swedbank AB reduced its stake in Sunrun Inc. (NASDAQ:RUN) by 7.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 194,119 shares of the energy company’s stock after selling 15,390 shares during the quarter. Swedbank AB owned about 0.09% of Sunrun worth $3,506,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the stock. Sylebra Capital LLC bought a new stake in shares of Sunrun in the second quarter valued at about $35,387,000. Vanguard Group Inc. grew its position in shares of Sunrun by 14.0% during the 1st quarter. Vanguard Group Inc. now owns 22,325,106 shares of the energy company’s stock worth $294,245,000 after purchasing an additional 2,743,148 shares in the last quarter. Greenvale Capital LLP raised its position in shares of Sunrun by 20.5% in the second quarter. Greenvale Capital LLP now owns 11,750,000 shares of the energy company’s stock valued at $139,355,000 after buying an additional 2,000,000 shares in the last quarter. Senator Investment Group LP bought a new stake in shares of Sunrun in the second quarter valued at approximately $11,860,000. Finally, Norden Group LLC grew its position in Sunrun by 709.5% during the first quarter. Norden Group LLC now owns 957,072 shares of the energy company’s stock worth $12,614,000 after buying an additional 838,838 shares in the last quarter. 91.69% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Jeanna Steele sold 24,161 shares of Sunrun stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $19.24, for a total transaction of $464,857.64. Following the completion of the transaction, the insider now directly owns 310,617 shares in the company, valued at $5,976,271.08. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Jeanna Steele sold 24,161 shares of Sunrun stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $19.24, for a total transaction of $464,857.64. Following the transaction, the insider now owns 310,617 shares of the company’s stock, valued at $5,976,271.08. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Mary Powell sold 2,148 shares of the company’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $18.79, for a total value of $40,360.92. Following the sale, the chief executive officer now owns 579,193 shares of the company’s stock, valued at $10,883,036.47. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 180,001 shares of company stock worth $3,220,345. Insiders own 3.77% of the company’s stock.

Sunrun Trading Up 0.3 %

NASDAQ:RUN opened at $14.61 on Friday. 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 firm has a fifty day simple moving average of $18.38 and a two-hundred day simple moving average of $15.13. The stock has a market capitalization of $3.27 billion, a price-to-earnings ratio of -2.29 and a beta of 2.58. Sunrun Inc. has a 12 month low of $8.43 and a 12 month high of $22.26.

Sunrun (NASDAQ:RUN) last announced 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. Sunrun had a negative return on equity of 2.41% and a negative net margin of 66.36%. The firm had revenue of $523.87 million during the quarter, compared to analysts’ expectations of $516.76 million. During the same quarter last year, the firm posted $0.25 earnings per share. The company’s revenue for the quarter was down 11.2% compared to the same quarter last year. Analysts expect that Sunrun Inc. will post -0.17 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Morgan Stanley reiterated an “overweight” rating and set a $35.00 target price on shares of Sunrun in a research report on Tuesday, September 24th. Evercore ISI reduced their price objective on shares of Sunrun from $42.00 to $38.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 7th. StockNews.com upgraded shares of Sunrun to a “sell” rating in a research report on Friday, September 27th. UBS Group increased their price target on shares of Sunrun from $14.00 to $18.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 7th. Finally, Oppenheimer raised their price objective on Sunrun from $19.00 to $22.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $22.64.

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.