Rehmann Capital Advisory Group Acquires 8,446 Shares of Sunrun Inc (NASDAQ:RUN)

Rehmann Capital Advisory Group increased its position in shares of Sunrun Inc (NASDAQ:RUN) by 222.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 12,235 shares of the energy company’s stock after buying an additional 8,446 shares during the quarter. Rehmann Capital Advisory Group’s holdings in Sunrun were worth $172,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the stock. Williams Jones & Associates LLC raised its stake in Sunrun by 22.9% during the 1st quarter. Williams Jones & Associates LLC now owns 53,665 shares of the energy company’s stock valued at $755,000 after buying an additional 9,990 shares during the last quarter. Neuberger Berman Group LLC raised its stake in Sunrun by 5.4% during the 1st quarter. Neuberger Berman Group LLC now owns 3,912,073 shares of the energy company’s stock valued at $55,003,000 after buying an additional 200,636 shares during the last quarter. NumerixS Investment Technologies Inc raised its stake in Sunrun by 207.1% during the 1st quarter. NumerixS Investment Technologies Inc now owns 30,400 shares of the energy company’s stock valued at $434,000 after buying an additional 20,500 shares during the last quarter. Hartline Investment Corp raised its stake in Sunrun by 85.2% during the 1st quarter. Hartline Investment Corp now owns 26,080 shares of the energy company’s stock valued at $367,000 after buying an additional 12,000 shares during the last quarter. Finally, Handelsbanken Fonder AB raised its stake in Sunrun by 10.5% during the 1st quarter. Handelsbanken Fonder AB now owns 782,248 shares of the energy company’s stock valued at $10,998,000 after buying an additional 74,634 shares during the last quarter. 82.06% of the stock is currently owned by institutional investors and hedge funds.

In related news, major shareholder Tiger Global Management Llc acquired 146,708 shares of the company’s stock in a transaction on Friday, May 17th. The stock was acquired at an average price of $15.78 per share, with a total value of $2,315,052.24. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Chairman Edward Harris Fenster sold 49,478 shares of the stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $17.04, for a total transaction of $843,105.12. Following the transaction, the chairman now directly owns 2,460,681 shares of the company’s stock, valued at approximately $41,930,004.24. The disclosure for this sale can be found here. In the last three months, insiders have acquired 2,665,881 shares of company stock valued at $48,755,482 and have sold 343,397 shares valued at $6,606,783. 9.34% of the stock is owned by corporate insiders.

RUN has been the subject of a number of research reports. TheStreet lowered shares of 22nd Century Group from a “c-” rating to a “d+” rating in a research note on Friday, March 29th. Zacks Investment Research upgraded SCHNEIDER ELEC /ADR from a “hold” rating to a “buy” rating and set a $20.00 price objective for the company in a research note on Friday, July 5th. Barclays restated a “buy” rating on shares of Netflix in a research note on Thursday, May 16th. Roth Capital restated a “buy” rating on shares of Resverlogix in a research note on Thursday, May 23rd. Finally, Bank of America upgraded Air Products & Chemicals from an “underperform” rating to a “neutral” rating and upped their price objective for the stock from $170.00 to $215.00 in a research note on Thursday, April 25th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $20.69.

Sunrun stock traded up $0.27 during mid-day trading on Friday, hitting $19.91. The stock had a trading volume of 764,670 shares, compared to its average volume of 2,159,752. The stock has a market cap of $2.26 billion, a price-to-earnings ratio of 86.57, a P/E/G ratio of 4.19 and a beta of 0.66. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.37 and a quick ratio of 1.15. The company has a 50 day moving average of $17.66. Sunrun Inc has a one year low of $8.81 and a one year high of $20.67.

Sunrun (NASDAQ:RUN) last issued its earnings results on Wednesday, May 8th. The energy company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.43). The firm had revenue of $194.50 million during the quarter, compared to the consensus estimate of $152.90 million. Sunrun had a negative return on equity of 1.19% and a negative net margin of 1.88%. On average, research analysts predict that Sunrun Inc will post 0.94 earnings per share for the current year.

Sunrun Profile

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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Institutional Ownership by Quarter for Sunrun (NASDAQ:RUN)

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