D. E. Shaw & Co. Inc. acquired a new position in shares of Sunrun Inc (NASDAQ:RUN) in the 4th quarter, Holdings Channel reports. The fund acquired 215,902 shares of the energy company’s stock, valued at approximately $2,351,000.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. FMR LLC boosted its stake in shares of Sunrun by 1.8% during the third quarter. FMR LLC now owns 16,635,997 shares of the energy company’s stock valued at $206,952,000 after purchasing an additional 286,200 shares during the period. Vanguard Group Inc boosted its stake in shares of Sunrun by 8.8% during the third quarter. Vanguard Group Inc now owns 7,664,932 shares of the energy company’s stock valued at $95,351,000 after purchasing an additional 618,002 shares during the period. Vanguard Group Inc. boosted its stake in shares of Sunrun by 8.8% during the third quarter. Vanguard Group Inc. now owns 7,664,932 shares of the energy company’s stock valued at $95,351,000 after purchasing an additional 618,002 shares during the period. BlackRock Inc. boosted its stake in shares of Sunrun by 4.8% during the fourth quarter. BlackRock Inc. now owns 6,725,927 shares of the energy company’s stock valued at $73,246,000 after purchasing an additional 306,011 shares during the period. Finally, Neuberger Berman Group LLC boosted its stake in shares of Sunrun by 881.0% during the third quarter. Neuberger Berman Group LLC now owns 2,517,568 shares of the energy company’s stock valued at $31,318,000 after purchasing an additional 2,260,933 shares during the period. 85.56% of the stock is owned by institutional investors.
Get Sunrun alerts: A number of brokerages have recently issued reports on RUN. TheStreet lowered shares of Sunrun from a “b-” rating to a “c+” rating in a research note on Friday, March 29th. BidaskClub lowered shares of Sunrun from a “buy” rating to a “hold” rating in a research note on Saturday, March 16th. Zacks Investment Research raised shares of Sunrun from a “hold” rating to a “buy” rating and set a $18.00 target price for the company in a research note on Wednesday, March 6th. Credit Suisse Group set a $24.00 target price on shares of Sunrun and gave the company a “buy” rating in a research note on Friday, March 1st. Finally, ValuEngine raised shares of Sunrun from a “buy” rating to a “strong-buy” rating in a research note on Friday, March 1st. Three analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $16.94.
RUN stock opened at $14.87 on Thursday. The company has a quick ratio of 1.03, a current ratio of 1.24 and a debt-to-equity ratio of 1.61. The stock has a market capitalization of $1.63 billion, a P/E ratio of 64.65, a PEG ratio of 0.58 and a beta of 0.55. Sunrun Inc has a 1-year low of $8.01 and a 1-year high of $17.09.
Sunrun (NASDAQ:RUN) last released its quarterly earnings data on Thursday, February 28th. The energy company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.51). The firm had revenue of $240.12 million during the quarter, compared to the consensus estimate of $177.45 million. Sunrun had a net margin of 3.51% and a return on equity of 2.09%. On average, sell-side analysts anticipate that Sunrun Inc will post 1.18 EPS for the current fiscal year.
In other news, major shareholder Tiger Global Management Llc acquired 766,201 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The stock was purchased at an average cost of $16.26 per share, for a total transaction of $12,458,428.26. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link . Also, General Counsel Jeanna Steele sold 4,657 shares of Sunrun stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $14.58, for a total value of $67,899.06. Following the completion of the sale, the general counsel now owns 112,812 shares of the company’s stock, valued at $1,644,798.96. The disclosure for this sale can be found here . Insiders sold 578,290 shares of company stock valued at $9,129,864 over the last 90 days. 19.45% of the stock is currently owned by corporate insiders.
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About Sunrun
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 energy systems and products, such as panels and racking, as well as solar leads generated to customers. The company markets and sells its products through direct-to-consumer approach across online, retail, mass media, digital media, canvassing, field marketing, and referral channels, as well as its partner network.
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