Sunrun Inc (RUN) Major Shareholder Tiger Global Management Llc Acquires 479,677 Shares

Sunrun Inc (NASDAQ:RUN) major shareholder Tiger Global Management Llc acquired 479,677 shares of Sunrun stock in a transaction dated Thursday, December 6th. The shares were purchased at an average price of $14.53 per share, with a total value of $6,969,706.81. The transaction was disclosed in a filing with the SEC, which is available at this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Tiger Global Management Llc also recently made the following trade(s):

  • On Monday, December 3rd, Tiger Global Management Llc acquired 187,677 shares of Sunrun stock. The shares were purchased at an average price of $14.79 per share, with a total value of $2,775,742.83.
  • On Wednesday, November 28th, Tiger Global Management Llc acquired 409,647 shares of Sunrun stock. The shares were purchased at an average price of $14.46 per share, with a total value of $5,923,495.62.
  • On Friday, November 30th, Tiger Global Management Llc acquired 1,300,000 shares of Sunrun stock. The shares were purchased at an average price of $14.51 per share, with a total value of $18,863,000.00.
  • On Wednesday, November 21st, Tiger Global Management Llc acquired 141,151 shares of Sunrun stock. The shares were purchased at an average price of $12.18 per share, with a total value of $1,719,219.18.
  • On Friday, November 23rd, Tiger Global Management Llc acquired 187,619 shares of Sunrun stock. The shares were purchased at an average price of $12.25 per share, with a total value of $2,298,332.75.
  • On Tuesday, October 9th, Tiger Global Management Llc acquired 74,861 shares of Sunrun stock. The shares were purchased at an average price of $11.98 per share, with a total value of $896,834.78.
  • On Thursday, October 11th, Tiger Global Management Llc acquired 231,357 shares of Sunrun stock. The shares were purchased at an average price of $11.47 per share, with a total value of $2,653,664.79.
  • On Monday, October 1st, Tiger Global Management Llc acquired 110,198 shares of Sunrun stock. The shares were purchased at an average price of $12.13 per share, with a total value of $1,336,701.74.
  • On Thursday, September 27th, Tiger Global Management Llc acquired 13,502 shares of Sunrun stock. The shares were purchased at an average price of $12.00 per share, with a total value of $162,024.00.

NASDAQ RUN opened at $13.96 on Friday. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.16 and a quick ratio of 0.91. Sunrun Inc has a 1-year low of $5.08 and a 1-year high of $16.44. The company has a market capitalization of $1.60 billion, a PE ratio of 16.23, a price-to-earnings-growth ratio of 0.91 and a beta of -0.54.

Sunrun (NASDAQ:RUN) last announced its quarterly earnings data on Wednesday, November 7th. The energy company reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.34 by ($0.36). Sunrun had a net margin of 13.72% and a return on equity of 4.78%. The firm had revenue of $204.96 million for the quarter, compared to analyst estimates of $190.06 million. During the same quarter in the prior year, the firm earned $0.25 earnings per share. The firm’s revenue for the quarter was up 41.8% on a year-over-year basis. On average, sell-side analysts anticipate that Sunrun Inc will post 0.89 earnings per share for the current year.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Marshall Wace North America L.P. acquired a new position in Sunrun during the third quarter valued at approximately $393,000. Vanguard Group Inc. raised its position in Sunrun by 8.8% during the third quarter. Vanguard Group Inc. now owns 7,664,932 shares of the energy company’s stock valued at $95,351,000 after purchasing an additional 618,002 shares in the last quarter. Morgan Stanley raised its position in Sunrun by 104.8% during the third quarter. Morgan Stanley now owns 1,371,638 shares of the energy company’s stock valued at $17,064,000 after purchasing an additional 701,745 shares in the last quarter. Standard Life Aberdeen plc acquired a new position in Sunrun during the third quarter valued at approximately $261,000. Finally, Rehmann Capital Advisory Group raised its position in Sunrun by 1,143.9% during the third quarter. Rehmann Capital Advisory Group now owns 10,163 shares of the energy company’s stock valued at $817,000 after purchasing an additional 9,346 shares in the last quarter. Institutional investors and hedge funds own 79.96% of the company’s stock.

A number of equities research analysts have recently weighed in on the stock. Credit Suisse Group lifted their price target on shares of Sunrun from $22.00 to $23.00 and gave the company a “buy” rating in a research report on Friday, August 10th. JMP Securities dropped their price target on shares of Sunrun from $21.00 to $20.00 and set a “buy” rating for the company in a research report on Thursday, August 30th. Bank of America upgraded shares of Sunrun from a “neutral” rating to a “buy” rating and lifted their price target for the company from $16.00 to $17.00 in a research report on Tuesday, September 11th. They noted that the move was a valuation call. Zacks Investment Research downgraded shares of Sunrun from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 14th. Finally, ValuEngine upgraded shares of Sunrun from a “buy” rating to a “strong-buy” rating in a research report on Friday, November 30th. Three equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company. Sunrun currently has an average rating of “Buy” and an average target price of $15.25.

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About Sunrun

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 leads. The company markets and sells its products through direct channels, partner channels, mass media, digital media, canvassing, referral, retail, and field marketing.

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