Tiger Global Management Llc Buys 1,300,000 Shares of Sunrun Inc (RUN) Stock

Sunrun Inc (NASDAQ:RUN) major shareholder Tiger Global Management Llc acquired 1,300,000 shares of the stock in a transaction that occurred on Friday, November 30th. The stock was purchased at an average price of $14.51 per share, for a total transaction of $18,863,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Tiger Global Management Llc also recently made the following trade(s):

  • On Wednesday, November 28th, Tiger Global Management Llc acquired 409,647 shares of Sunrun stock. The stock was purchased at an average price of $14.46 per share, for a total transaction of $5,923,495.62.
  • On Wednesday, November 21st, Tiger Global Management Llc acquired 141,151 shares of Sunrun stock. The stock was purchased at an average price of $12.18 per share, for a total transaction of $1,719,219.18.
  • On Friday, November 23rd, Tiger Global Management Llc bought 187,619 shares of Sunrun stock. The stock was acquired at an average cost of $12.25 per share, for a total transaction of $2,298,332.75.
  • On Tuesday, October 9th, Tiger Global Management Llc bought 74,861 shares of Sunrun stock. The stock was acquired at an average cost of $11.98 per share, for a total transaction of $896,834.78.
  • On Thursday, October 11th, Tiger Global Management Llc bought 231,357 shares of Sunrun stock. The stock was acquired at an average cost of $11.47 per share, for a total transaction of $2,653,664.79.
  • On Monday, October 1st, Tiger Global Management Llc bought 110,198 shares of Sunrun stock. The stock was acquired at an average cost of $12.13 per share, for a total transaction of $1,336,701.74.
  • On Thursday, September 27th, Tiger Global Management Llc bought 13,502 shares of Sunrun stock. The stock was acquired at an average cost of $12.00 per share, for a total transaction of $162,024.00.

RUN stock opened at $14.65 on Friday. The company has a market cap of $1.64 billion, a PE ratio of 17.03, a PEG ratio of 0.94 and a beta of -0.59. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.91 and a current ratio of 1.16. Sunrun Inc has a one year low of $5.08 and a one year high of $16.44.

Sunrun (NASDAQ:RUN) last released its quarterly earnings results on Wednesday, November 7th. The energy company reported ($0.02) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.34 by ($0.36). The firm had revenue of $204.96 million for the quarter, compared to analysts’ expectations of $190.06 million. Sunrun had a net margin of 13.72% and a return on equity of 4.78%. The firm’s quarterly revenue was up 41.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.25 EPS. Analysts forecast that Sunrun Inc will post 0.89 earnings per share for the current year.

RUN has been the topic of a number of research reports. Zacks Investment Research raised shares of Sunrun from a “strong sell” rating to a “hold” rating in a research note on Thursday, November 15th. Bank of America raised shares of Sunrun from a “neutral” rating to a “buy” rating and raised their target price for the stock from $16.00 to $17.00 in a research note on Tuesday, September 11th. They noted that the move was a valuation call. Roth Capital set a $18.00 target price on shares of Sunrun and gave the stock a “buy” rating in a research note on Thursday, August 9th. ValuEngine raised shares of Sunrun from a “buy” rating to a “strong-buy” rating in a research note on Friday. Finally, TheStreet raised shares of Sunrun from a “d+” rating to a “c+” rating in a research note on Monday, August 6th. Three investment analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $15.25.

Hedge funds have recently added to or reduced their stakes in the company. Levin Capital Strategies L.P. purchased a new stake in shares of Sunrun during the 2nd quarter valued at approximately $131,000. Rehmann Capital Advisory Group raised its position in shares of Sunrun by 1,143.9% during the 3rd quarter. Rehmann Capital Advisory Group now owns 10,163 shares of the energy company’s stock valued at $817,000 after buying an additional 9,346 shares during the period. IFG Advisory LLC purchased a new stake in shares of Sunrun during the 3rd quarter valued at approximately $141,000. Public Employees Retirement Association of Colorado purchased a new stake in shares of Sunrun during the 3rd quarter valued at approximately $153,000. Finally, DekaBank Deutsche Girozentrale raised its position in shares of Sunrun by 180.5% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 13,045 shares of the energy company’s stock valued at $171,000 after buying an additional 8,395 shares during the period. 75.54% of the stock is currently owned by hedge funds and other institutional investors.

TRADEMARK VIOLATION NOTICE: “Tiger Global Management Llc Buys 1,300,000 Shares of Sunrun Inc (RUN) Stock” was originally posted by Community Financial News and is the property of of Community Financial News. If you are viewing this article on another site, it was illegally copied and republished in violation of United States & international copyright laws. The correct version of this article can be read at https://www.com-unik.info/2018/12/02/tiger-global-management-llc-buys-1300000-shares-of-sunrun-inc-run-stock.html.

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 leads. The company markets and sells its products through direct channels, partner channels, mass media, digital media, canvassing, referral, retail, and field marketing.

Featured Article: How are Outstanding Shares Different from Authorized Shares?

Insider Buying and Selling by Quarter for Sunrun (NASDAQ:RUN)

Receive News & Ratings for Sunrun Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sunrun and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit