New York State Teachers Retirement System Sells 2,600 Shares of Sunrun Inc. (NASDAQ:RUN)

New York State Teachers Retirement System reduced its holdings in shares of Sunrun Inc. (NASDAQ:RUN) by 1.0% in the third quarter, according to its most recent filing with the SEC. The fund owned 262,192 shares of the energy company’s stock after selling 2,600 shares during the period. New York State Teachers Retirement System owned about 0.12% of Sunrun worth $4,735,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. grew its stake in Sunrun by 55.9% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 125,000 shares of the energy company’s stock worth $2,312,000 after acquiring an additional 44,846 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in Sunrun by 207.3% in the third quarter. Assenagon Asset Management S.A. now owns 1,375,584 shares of the energy company’s stock worth $24,843,000 after purchasing an additional 927,947 shares in the last quarter. International Assets Investment Management LLC grew its stake in Sunrun by 1,706.3% in the third quarter. International Assets Investment Management LLC now owns 1,734 shares of the energy company’s stock worth $31,000 after purchasing an additional 1,638 shares in the last quarter. Waldron Private Wealth LLC purchased a new position in Sunrun during the 3rd quarter worth $135,000. Finally, Sequoia Financial Advisors LLC bought a new stake in Sunrun during the 3rd quarter valued at $181,000. Hedge funds and other institutional investors own 91.69% of the company’s stock.

Sunrun Price Performance

Shares of RUN opened at $16.91 on Wednesday. The firm has a market capitalization of $3.78 billion, a PE ratio of -2.51 and a beta of 2.61. The company has a debt-to-equity ratio of 1.84, a current ratio of 1.66 and a quick ratio of 1.31. The company’s fifty day moving average price is $17.23 and its 200-day moving average price is $15.40. Sunrun Inc. has a 1-year low of $8.82 and a 1-year high of $22.26.

Sunrun (NASDAQ:RUN) last announced its quarterly earnings data on Tuesday, August 6th. The energy company reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.33) by $0.88. Sunrun had a negative return on equity of 2.41% and a negative net margin of 66.36%. The business had revenue of $523.87 million for the quarter, compared to analyst estimates of $516.76 million. During the same period in the prior year, the company earned $0.25 earnings per share. The company’s revenue was down 11.2% on a year-over-year basis. On average, equities research analysts predict that Sunrun Inc. will post -0.17 EPS for the current year.

Insider Activity at Sunrun

In other Sunrun news, Director Gerald Alan Risk sold 9,045 shares of the stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $20.04, for a total transaction of $181,261.80. Following the sale, the director now directly owns 334,761 shares of the company’s stock, valued at approximately $6,708,610.44. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Lynn Michelle Jurich sold 50,000 shares of the stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $20.20, for a total transaction of $1,010,000.00. Following the sale, the director now directly owns 1,192,446 shares of the company’s stock, valued at approximately $24,087,409.20. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Gerald Alan Risk sold 9,045 shares of Sunrun stock in a transaction on Monday, August 19th. The shares were sold at an average price of $20.04, for a total transaction of $181,261.80. Following the completion of the transaction, the director now directly owns 334,761 shares of the company’s stock, valued at $6,708,610.44. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 155,840 shares of company stock worth $2,755,487 over the last quarter. Insiders own 3.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on RUN shares. Deutsche Bank Aktiengesellschaft increased their price target on Sunrun from $12.00 to $16.50 and gave the stock a “hold” rating in a research report on Thursday, August 8th. Morgan Stanley reaffirmed an “overweight” rating and issued a $35.00 price target on shares of Sunrun in a research report on Tuesday, September 24th. StockNews.com raised shares of Sunrun to a “sell” rating in a report on Friday, September 27th. The Goldman Sachs Group restated a “buy” rating and set a $20.00 target price on shares of Sunrun in a report on Wednesday, September 25th. Finally, BMO Capital Markets lifted their price target on Sunrun from $17.00 to $20.00 and gave the company a “market perform” rating in a report on Wednesday, August 7th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, Sunrun presently has a consensus rating of “Hold” and an average target price of $22.70.

Sunrun Company Profile

Sunrun Inc designs, develops, installs, sells, owns, and maintains residential solar energy systems in the United States. It also sells solar energy systems and products, such as panels and racking; and solar leads generated to customers. In addition, the company offers battery storage along with solar energy systems; and sells services to commercial developers through multi-family and new homes.