Uniplan Investment Counsel Inc. trimmed its position in shares of Sunrun Inc (NASDAQ:RUN) by 58.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 582,867 shares of the energy company’s stock after selling 808,158 shares during the period. Uniplan Investment Counsel Inc. owned about 0.55% of Sunrun worth $4,150,000 as of its most recent SEC filing.
A number of other large investors have also recently modified their holdings of RUN. FMR LLC boosted its position in Sunrun by 1.8% in the 1st quarter. FMR LLC now owns 15,691,308 shares of the energy company’s stock valued at $84,733,000 after buying an additional 270,000 shares during the period. Vanguard Group Inc. lifted its position in shares of Sunrun by 7.4% in the 1st quarter. Vanguard Group Inc. now owns 5,483,858 shares of the energy company’s stock worth $29,613,000 after purchasing an additional 375,782 shares during the period. Handelsbanken Fonder AB lifted its position in shares of Sunrun by 4.4% in the 2nd quarter. Handelsbanken Fonder AB now owns 669,778 shares of the energy company’s stock worth $4,769,000 after purchasing an additional 28,303 shares during the period. Geode Capital Management LLC lifted its position in shares of Sunrun by 4.7% in the 1st quarter. Geode Capital Management LLC now owns 550,292 shares of the energy company’s stock worth $2,971,000 after purchasing an additional 24,774 shares during the period. Finally, Bank of New York Mellon Corp lifted its position in shares of Sunrun by 26.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 475,414 shares of the energy company’s stock worth $3,384,000 after purchasing an additional 98,008 shares during the period. Institutional investors own 73.58% of the company’s stock.
In other Sunrun news, Chairman Edward Harris Fenster sold 115,094 shares of the business’s stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $6.82, for a total value of $784,941.08. Following the transaction, the chairman now directly owns 2,371,439 shares of the company’s stock, valued at approximately $16,173,213.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Steven Vassallo sold 33,576 shares of the business’s stock in a transaction on Monday, August 28th. The shares were sold at an average price of $7.16, for a total transaction of $240,404.16. The disclosure for this sale can be found here. Insiders own 24.13% of the company’s stock.
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Sunrun Inc (RUN) traded up 0.14% during mid-day trading on Tuesday, hitting $6.93. 18,683 shares of the stock were exchanged. The company has a 50 day moving average price of $7.06 and a 200 day moving average price of $5.94. The firm has a market cap of $735.70 million, a price-to-earnings ratio of 8.90 and a beta of -0.64. Sunrun Inc has a 52-week low of $4.15 and a 52-week high of $7.78.
Sunrun (NASDAQ:RUN) last announced its quarterly earnings data on Monday, August 7th. The energy company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.03. The company had revenue of $137.85 million for the quarter, compared to analysts’ expectations of $143.35 million. Sunrun had a negative net margin of 47.33% and a positive return on equity of 14.25%. Sunrun’s revenue was up 12.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.31 EPS. On average, analysts anticipate that Sunrun Inc will post $1.01 EPS for the current year.
Several equities research analysts have recently weighed in on RUN shares. ValuEngine raised shares of Sunrun from a “buy” rating to a “strong-buy” rating in a research report on Thursday, July 6th. Zacks Investment Research upgraded shares of Sunrun from a “hold” rating to a “buy” rating and set a $7.75 price objective for the company in a research note on Wednesday, July 12th. Goldman Sachs Group, Inc. (The) set a $10.00 price objective on shares of Sunrun and gave the stock a “buy” rating in a research note on Tuesday, June 20th. Barclays PLC boosted their price objective on shares of Sunrun from $6.00 to $8.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 8th. Finally, BidaskClub lowered shares of Sunrun from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 11th. Three research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $9.33.
Sunrun Inc is engaged in the design, development, installation, sale, ownership and maintenance of residential solar energy systems (Projects) in the United States. The Company is engaged in providing solar energy services and products to its customers. As of December 31, 2016, it operated a fleet of residential solar energy systems in the United States, with approximately 134,000 customers across 16 states, as well as the District of Columbia.
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