Sunrun Inc (RUN) Major Shareholder Purchases $1,615,486.88 in Stock

Sunrun Inc (NASDAQ:RUN) major shareholder Tiger Global Management Llc acquired 103,292 shares of the business’s stock in a transaction on Monday, May 20th. The stock was purchased at an average price of $15.64 per share, for a total transaction of $1,615,486.88. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

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

  • On Friday, May 17th, Tiger Global Management Llc acquired 146,708 shares of Sunrun stock. The stock was purchased at an average price of $15.78 per share, for a total transaction of $2,315,052.24.
  • On Friday, March 1st, Tiger Global Management Llc bought 334,163 shares of Sunrun stock. The shares were acquired at an average cost of $15.92 per share, with a total value of $5,319,874.96.
  • On Tuesday, March 5th, Tiger Global Management Llc purchased 766,201 shares of Sunrun stock. The stock was purchased at an average price of $16.26 per share, with a total value of $12,458,428.26.

Sunrun stock traded down $0.09 during trading hours on Monday, hitting $15.71. The company had a trading volume of 698,594 shares, compared to its average volume of 1,149,643. The firm has a market cap of $1.78 billion, a PE ratio of 68.30, a P/E/G ratio of 3.37 and a beta of 0.58. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.15 and a current ratio of 1.37. Sunrun Inc has a fifty-two week low of $8.81 and a fifty-two week high of $17.44.

Sunrun (NASDAQ:RUN) last released its quarterly earnings data on Wednesday, May 8th. The energy company reported ($0.12) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by ($0.43). The company had revenue of $194.50 million during the quarter, compared to analyst estimates of $152.90 million. Sunrun had a negative net margin of 1.88% and a negative return on equity of 1.19%. Equities analysts anticipate that Sunrun Inc will post 0.94 EPS for the current fiscal year.

Institutional investors have recently added to or reduced their stakes in the business. Legal & General Group Plc increased its stake in shares of Sunrun by 7.7% during the 4th quarter. Legal & General Group Plc now owns 16,805 shares of the energy company’s stock worth $183,000 after purchasing an additional 1,205 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in shares of Sunrun by 11.5% during the 1st quarter. Envestnet Asset Management Inc. now owns 13,991 shares of the energy company’s stock worth $197,000 after purchasing an additional 1,441 shares during the last quarter. Hamilton Lane Advisors LLC increased its stake in shares of Sunrun by 4.9% during the 4th quarter. Hamilton Lane Advisors LLC now owns 37,395 shares of the energy company’s stock worth $407,000 after purchasing an additional 1,755 shares during the last quarter. Rhumbline Advisers increased its stake in shares of Sunrun by 1.3% during the 1st quarter. Rhumbline Advisers now owns 141,740 shares of the energy company’s stock worth $1,993,000 after purchasing an additional 1,807 shares during the last quarter. Finally, Gilman Hill Asset Management LLC increased its stake in shares of Sunrun by 25.0% during the 4th quarter. Gilman Hill Asset Management LLC now owns 12,500 shares of the energy company’s stock worth $136,000 after purchasing an additional 2,500 shares during the last quarter. Hedge funds and other institutional investors own 84.91% of the company’s stock.

Several equities research analysts recently commented on the stock. TheStreet downgraded shares of Sunrun from a “b-” rating to a “c+” rating in a research report on Friday, March 29th. BidaskClub downgraded shares of Sunrun from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, May 14th. Barclays initiated coverage on shares of Sunrun in a research note on Thursday. They issued an “overweight” rating and a $21.00 price objective on the stock. Bank of America reiterated a “buy” rating and issued a $23.50 price objective (up previously from $17.50) on shares of Sunrun in a research note on Thursday, April 25th. Finally, ValuEngine upgraded 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 given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $18.94.

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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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