Virtu Financial LLC Makes New Investment in Sunrun Inc. $RUN

Virtu Financial LLC bought a new stake in Sunrun Inc. (NASDAQ:RUN) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 56,861 shares of the energy company’s stock, valued at approximately $1,046,000.

Several other institutional investors and hedge funds also recently made changes to their positions in RUN. Quantbot Technologies LP raised its holdings in Sunrun by 3,147.1% in the third quarter. Quantbot Technologies LP now owns 153,164 shares of the energy company’s stock valued at $2,648,000 after acquiring an additional 148,447 shares in the last quarter. Vanguard Group Inc. grew its holdings in Sunrun by 1.2% during the 3rd quarter. Vanguard Group Inc. now owns 24,193,170 shares of the energy company’s stock worth $418,300,000 after acquiring an additional 288,945 shares in the last quarter. Handelsbanken Fonder AB grew its holdings in Sunrun by 6.7% during the 4th quarter. Handelsbanken Fonder AB now owns 2,314,802 shares of the energy company’s stock worth $42,592,000 after acquiring an additional 145,285 shares in the last quarter. LBP AM SA acquired a new position in Sunrun during the 4th quarter worth $3,307,000. Finally, Intech Investment Management LLC increased its position in shares of Sunrun by 33.1% in the 4th quarter. Intech Investment Management LLC now owns 324,632 shares of the energy company’s stock worth $5,973,000 after purchasing an additional 80,695 shares during the last quarter. 91.69% of the stock is currently owned by hedge funds and other institutional investors.

Sunrun Price Performance

Shares of NASDAQ:RUN opened at $13.52 on Monday. The company’s fifty day moving average is $13.52 and its two-hundred day moving average is $15.76. The company has a debt-to-equity ratio of 3.44, a quick ratio of 1.09 and a current ratio of 1.45. Sunrun Inc. has a 1-year low of $5.98 and a 1-year high of $22.44. The stock has a market capitalization of $3.23 billion, a price-to-earnings ratio of 6.35 and a beta of 2.32.

Sunrun (NASDAQ:RUN) last posted its quarterly earnings results on Wednesday, May 6th. The energy company reported $0.62 EPS for the quarter, beating the consensus estimate of ($0.05) by $0.67. Sunrun had a net margin of 17.88% and a return on equity of 14.06%. The business had revenue of $722.23 million during the quarter, compared to analyst estimates of $688.50 million. During the same period in the previous year, the business posted $0.20 EPS. The company’s quarterly revenue was up 43.2% on a year-over-year basis. Equities analysts anticipate that Sunrun Inc. will post 1.09 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on RUN. Loop Capital set a $12.00 target price on shares of Sunrun in a research note on Tuesday, March 3rd. Mizuho decreased their price target on Sunrun from $25.00 to $22.00 and set an “outperform” rating for the company in a research note on Monday, March 2nd. Zacks Research lowered Sunrun from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 2nd. Citigroup cut their price objective on Sunrun from $26.00 to $20.00 and set a “buy” rating on the stock in a research note on Tuesday, April 21st. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and set a $18.00 target price on shares of Sunrun in a report on Thursday, May 7th. Twelve investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $18.98.

Insider Transactions at Sunrun

In other Sunrun news, Director Lynn Michelle Jurich sold 50,000 shares of the firm’s stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $14.07, for a total value of $703,500.00. Following the transaction, the director owned 557,947 shares of the company’s stock, valued at $7,850,314.29. This trade represents a 8.22% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Jeanna Steele sold 76,478 shares of Sunrun stock in a transaction that occurred on Monday, April 6th. The shares were sold at an average price of $13.25, for a total value of $1,013,333.50. Following the completion of the transaction, the insider owned 384,538 shares of the company’s stock, valued at approximately $5,095,128.50. The trade was a 16.59% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 694,816 shares of company stock valued at $9,366,473 over the last ninety days. Insiders own 3.55% of the company’s stock.

Sunrun Company Profile

Sunrun, Inc (NASDAQ: RUN) is a leading provider of residential solar energy systems in the United States. The company designs, installs and maintains rooftop solar panels and battery storage solutions for homeowners under flexible financing arrangements. Customers can choose from leasing, power purchase agreements or solar ownership models, all of which are supported by Sunrun’s network of installation partners and service technicians. Sunrun also offers integrated home energy management services, including its Brightbox battery storage product, which enables customers to store solar energy for use during peak hours or power outages.

Founded in 2007 by Lynn Jurich, Ed Fenster and Nat Kreamer, Sunrun is headquartered in San Francisco, California.