Trexquant Investment LP Buys Shares of 56,521 Sunrun Inc (RUN)
Trexquant Investment LP bought a new position in Sunrun Inc (NASDAQ:RUN) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 56,521 shares of the energy company’s stock, valued at approximately $314,000. Trexquant Investment LP owned 0.05% of Sunrun at the end of the most recent quarter.
Several other hedge funds have also recently modified their holdings of the business. FMR LLC lifted its holdings in shares of Sunrun by 0.8% in the 2nd quarter. FMR LLC now owns 15,816,308 shares of the energy company’s stock worth $112,612,000 after buying an additional 125,000 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Sunrun by 6.7% in the 2nd quarter. Vanguard Group Inc. now owns 5,853,579 shares of the energy company’s stock worth $41,677,000 after buying an additional 369,721 shares during the period. Quentec Asset Management LLC lifted its holdings in shares of Sunrun by 1.6% in the 2nd quarter. Quentec Asset Management LLC now owns 5,216,058 shares of the energy company’s stock worth $37,139,000 after buying an additional 82,693 shares during the period. State Street Corp lifted its holdings in shares of Sunrun by 22.7% in the 2nd quarter. State Street Corp now owns 1,628,766 shares of the energy company’s stock worth $11,596,000 after buying an additional 300,923 shares during the period. Finally, Northern Trust Corp lifted its stake in shares of Sunrun by 31.0% during the 2nd quarter. Northern Trust Corp now owns 872,704 shares of the energy company’s stock worth $6,214,000 after purchasing an additional 206,421 shares during the last quarter. Institutional investors and hedge funds own 78.12% of the company’s stock.
RUN has been the subject of a number of analyst reports. Oppenheimer restated a “buy” rating and set a $10.00 price objective on shares of Sunrun in a research note on Thursday, November 9th. Zacks Investment Research upgraded Sunrun from a “hold” rating to a “buy” rating and set a $6.25 price objective for the company in a research note on Friday, October 13th. Bank of America restated a “neutral” rating and set a $8.00 price objective (up from $7.75) on shares of Sunrun in a research note on Thursday, August 10th. BidaskClub upgraded Sunrun from a “sell” rating to a “hold” rating in a research note on Tuesday, October 31st. Finally, Barclays upped their price objective on Sunrun from $6.00 to $8.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 8th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $7.88.
Shares of Sunrun Inc (NASDAQ RUN) opened at $5.56 on Wednesday. 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 price-to-earnings ratio of 6.31 and a beta of -0.69. Sunrun Inc has a 12 month low of $4.21 and a 12 month high of $7.78.
Sunrun (NASDAQ:RUN) last issued its quarterly earnings data on Wednesday, November 8th. The energy company reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $146.56 million. During the same period in the prior year, the business posted $0.16 EPS. The firm’s quarterly revenue was up 26.1% on a year-over-year basis. analysts anticipate that Sunrun Inc will post 0.64 earnings per share for the current fiscal year.
Sunrun Company Profile
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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