Sunrun Inc. (NASDAQ:RUN) Shares Sold by ProShare Advisors LLC

ProShare Advisors LLC trimmed its holdings in Sunrun Inc. (NASDAQ:RUN) by 40.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,119 shares of the energy company’s stock after selling 9,405 shares during the quarter. ProShare Advisors LLC’s holdings in Sunrun were worth $167,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Profund Advisors LLC purchased a new stake in Sunrun during the 2nd quarter valued at approximately $126,000. Symmetry Investments LP acquired a new position in shares of Sunrun in the second quarter valued at approximately $1,205,000. Sei Investments Co. raised its stake in shares of Sunrun by 29.2% during the second quarter. Sei Investments Co. now owns 64,224 shares of the energy company’s stock worth $762,000 after purchasing an additional 14,517 shares during the last quarter. Canada Pension Plan Investment Board lifted its holdings in shares of Sunrun by 43.8% during the second quarter. Canada Pension Plan Investment Board now owns 71,600 shares of the energy company’s stock worth $849,000 after purchasing an additional 21,800 shares during the period. Finally, Hsbc Holdings PLC grew its position in Sunrun by 23.0% in the 2nd quarter. Hsbc Holdings PLC now owns 108,415 shares of the energy company’s stock valued at $1,280,000 after buying an additional 20,247 shares during the last quarter. Hedge funds and other institutional investors own 91.69% of the company’s stock.

Wall Street Analyst Weigh In

RUN has been the subject of a number of analyst reports. BMO Capital Markets upped their price objective on shares of Sunrun from $17.00 to $20.00 and gave the stock a “market perform” rating in a research report on Wednesday, August 7th. Barclays increased their price target on shares of Sunrun from $16.00 to $19.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 23rd. Oppenheimer lifted their price objective on Sunrun from $19.00 to $22.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. StockNews.com raised Sunrun to a “sell” rating in a research note on Friday, September 27th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on Sunrun from $12.00 to $16.50 and gave the company a “hold” rating in a research note on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $22.39.

Sunrun Trading Down 1.9 %

Sunrun stock opened at $16.52 on Friday. The stock has a 50-day moving average price of $18.71 and a 200 day moving average price of $14.88. 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.

Sunrun (NASDAQ:RUN) last released its quarterly earnings results on Tuesday, August 6th. The energy company reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.33) by $0.88. The company had revenue of $523.87 million for the quarter, compared to analysts’ expectations 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 for the quarter was down 11.2% compared to the same quarter last year. During the same period last year, the company earned $0.25 EPS. On average, analysts expect that Sunrun Inc. will post -0.16 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Mary Powell sold 5,569 shares of the stock in a transaction dated Monday, July 8th. The stock was sold at an average price of $12.62, for a total transaction of $70,280.78. Following the transaction, the chief executive officer now directly owns 581,341 shares in the company, valued at approximately $7,336,523.42. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, CEO Mary Powell sold 5,569 shares of the company’s stock in a transaction that occurred on Monday, July 8th. The shares were sold at an average price of $12.62, for a total transaction of $70,280.78. Following the completion of the transaction, the chief executive officer now owns 581,341 shares of the company’s stock, valued at approximately $7,336,523.42. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Lynn Michelle Jurich sold 50,000 shares of Sunrun stock in a transaction on Friday, July 19th. The shares were sold at an average price of $16.93, for a total transaction of $846,500.00. Following the completion of the transaction, the director now owns 1,294,383 shares in the company, valued at approximately $21,913,904.19. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 178,675 shares of company stock valued at $3,253,289 in the last quarter. 3.76% of the stock is currently owned by company insiders.

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.