Uniplan Investment Counsel Inc. increased its holdings in Sunrun Inc (NASDAQ:RUN) by 136.7% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,379,779 shares of the energy company’s stock after purchasing an additional 796,912 shares during the quarter. Uniplan Investment Counsel Inc. owned 1.29% of Sunrun worth $7,657,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also modified their holdings of RUN. Precocity Capital LP bought a new stake in shares of Sunrun during the 3rd quarter valued at about $2,220,000. Vanguard Group Inc. boosted its stake in Sunrun by 7.4% during the first quarter. Vanguard Group Inc. now owns 5,483,858 shares of the energy company’s stock worth $29,613,000 after acquiring an additional 375,782 shares in the last quarter. State Street Corp boosted its stake in Sunrun by 22.7% during the second quarter. State Street Corp now owns 1,628,766 shares of the energy company’s stock worth $11,596,000 after acquiring an additional 300,923 shares in the last quarter. Northern Trust Corp boosted its stake in Sunrun by 31.0% during the second quarter. Northern Trust Corp now owns 872,704 shares of the energy company’s stock worth $6,214,000 after acquiring an additional 206,421 shares in the last quarter. Finally, Great Lakes Advisors LLC bought a new stake in Sunrun during the second quarter worth about $1,336,000. Institutional investors own 78.09% of the company’s stock.
Several brokerages have recently issued reports on RUN. Oppenheimer reissued a “buy” rating and set a $10.00 price objective on shares of Sunrun in a report on Thursday, November 9th. Zacks Investment Research cut shares of Sunrun from a “hold” rating to a “sell” rating in a report on Thursday, November 9th. Bank of America started coverage on shares of Sunrun in a report on Monday, November 6th. They set a “buy” rating for the company. BidaskClub raised shares of Sunrun from a “sell” rating to a “hold” rating in a research note on Tuesday, October 31st. Finally, ValuEngine cut shares of Sunrun from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 1st. One analyst has rated the stock with a sell rating, one has assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $7.88.
Shares of Sunrun Inc (RUN) opened at $6.06 on Friday. The firm has a market cap of $625.77, a price-to-earnings ratio of 6.74 and a beta of -0.69. Sunrun Inc has a 12 month low of $4.21 and a 12 month 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.
Sunrun (NASDAQ:RUN) last posted its earnings results on Wednesday, November 8th. The energy company reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.11. The business had revenue of $141.29 million for the quarter, compared to the consensus estimate of $146.56 million. Sunrun had a net margin of 18.79% and a return on equity of 9.25%. During the same quarter last year, the firm posted $0.16 EPS. The company’s revenue for the quarter was up 26.1% on a year-over-year basis. sell-side analysts expect that Sunrun Inc will post 0.64 EPS for the current year.
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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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