Uniplan Investment Counsel Inc. boosted its holdings in Sunrun Inc (NASDAQ:RUN) by 136.7% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,379,779 shares of the energy company’s stock after acquiring an additional 796,912 shares during the quarter. Uniplan Investment Counsel Inc. owned 1.29% of Sunrun worth $7,657,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Suntrust Banks Inc. bought a new position in Sunrun in the 2nd quarter worth about $112,000. Russell Investments Group Ltd. bought a new position in Sunrun in the 3rd quarter worth about $123,000. Citigroup Inc. increased its stake in Sunrun by 760.3% in the 2nd quarter. Citigroup Inc. now owns 18,678 shares of the energy company’s stock worth $133,000 after acquiring an additional 16,507 shares during the last quarter. Legal & General Group Plc increased its stake in Sunrun by 16.3% in the 2nd quarter. Legal & General Group Plc now owns 19,795 shares of the energy company’s stock worth $141,000 after acquiring an additional 2,768 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd increased its stake in Sunrun by 30.0% in the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 22,241 shares of the energy company’s stock worth $159,000 after acquiring an additional 5,134 shares during the last quarter. Institutional investors and hedge funds own 78.12% of the company’s stock.
Sunrun Inc (RUN) opened at $5.56 on Thursday. Sunrun Inc has a fifty-two week low of $4.21 and a fifty-two week high of $7.78. The company has a quick ratio of 0.60, a current ratio of 0.72 and a debt-to-equity ratio of 0.89. The stock has a market capitalization of $586.26, a PE ratio of 6.31 and a beta of -0.69.
Sunrun (NASDAQ:RUN) last posted its quarterly earnings data on Wednesday, November 8th. The energy company reported $0.25 earnings per share (EPS) 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 earned $0.16 EPS. The company’s revenue for the quarter was up 26.1% compared to the same quarter last year. research analysts anticipate that Sunrun Inc will post 0.64 earnings per share for the current fiscal year.
A number of equities analysts have weighed in on RUN shares. Zacks Investment Research lowered Sunrun from a “hold” rating to a “sell” rating in a research note on Thursday, November 9th. Bank of America started coverage on Sunrun in a research note on Monday, November 6th. They issued a “buy” rating on the stock. BidaskClub lowered Sunrun from a “buy” rating to a “hold” rating in a research note on Wednesday, September 20th. ValuEngine cut Sunrun from a “strong-buy” rating to a “buy” rating in a report on Friday, September 1st. Finally, Oppenheimer reiterated a “buy” rating and issued a $10.00 price objective on shares of Sunrun in a report on Thursday, November 9th. One research analyst has rated the stock with a sell rating, one has given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $7.88.
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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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