Sunrun Inc (RUN) Shares Bought by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd increased its holdings in Sunrun Inc (NASDAQ:RUN) by 114.7% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 47,756 shares of the energy company’s stock after buying an additional 25,515 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in Sunrun were worth $265,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Russell Investments Group Ltd. purchased a new position in Sunrun in the third quarter worth about $123,000. New York State Common Retirement Fund boosted its position in Sunrun by 16.9% in the third quarter. New York State Common Retirement Fund now owns 89,200 shares of the energy company’s stock worth $495,000 after purchasing an additional 12,900 shares during the last quarter. Essex Investment Management Co. LLC boosted its position in Sunrun by 64.1% in the third quarter. Essex Investment Management Co. LLC now owns 194,966 shares of the energy company’s stock worth $1,082,000 after purchasing an additional 76,169 shares during the last quarter. California State Teachers Retirement System boosted its position in Sunrun by 21.0% in the second quarter. California State Teachers Retirement System now owns 150,626 shares of the energy company’s stock worth $1,072,000 after purchasing an additional 26,100 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its position in Sunrun by 25.8% in the second quarter. The Manufacturers Life Insurance Company now owns 67,490 shares of the energy company’s stock worth $480,000 after purchasing an additional 13,829 shares during the last quarter. Institutional investors own 78.12% of the company’s stock.

Sunrun Inc (NASDAQ:RUN) opened at $5.56 on Wednesday. Sunrun Inc has a 12-month low of $4.21 and a 12-month high of $7.78. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.60 and a current ratio of 0.72. The firm has a market capitalization of $586.26, a PE ratio of 6.31 and a beta of -0.69.

Sunrun (NASDAQ:RUN) last posted its quarterly earnings data on Wednesday, November 8th. The energy company reported $0.25 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.11. Sunrun had a return on equity of 9.25% and a net margin of 18.79%. The firm had revenue of $141.29 million for the quarter, compared to analysts’ expectations of $146.56 million. During the same period in the previous year, the firm earned $0.16 EPS. The business’s quarterly revenue was up 26.1% on a year-over-year basis. sell-side analysts predict that Sunrun Inc will post 0.64 earnings per share for the current year.

RUN has been the topic of several research reports. Oppenheimer reissued a “buy” rating and issued a $10.00 target price on shares of Sunrun in a research report on Thursday, November 9th. Zacks Investment Research raised Sunrun from a “hold” rating to a “buy” rating and set a $6.25 target price on the stock in a research report on Friday, October 13th. Bank of America reissued a “neutral” rating and issued a $8.00 target price (up from $7.75) on shares of Sunrun in a research report on Thursday, August 10th. BidaskClub raised Sunrun from a “sell” rating to a “hold” rating in a research report on Tuesday, October 31st. Finally, Barclays raised their target price on Sunrun from $6.00 to $8.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 8th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Sunrun currently has an average rating of “Buy” and an average price target of $7.88.

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About Sunrun

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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Institutional Ownership by Quarter for Sunrun (NASDAQ:RUN)

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