Ayalon Insurance Comp Ltd. Has $1.57 Million Position in Sunrun Inc. (NASDAQ:RUN)

Ayalon Insurance Comp Ltd. trimmed its holdings in Sunrun Inc. (NASDAQ:RUN) by 30.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 87,091 shares of the energy company’s stock after selling 37,447 shares during the quarter. Ayalon Insurance Comp Ltd.’s holdings in Sunrun were worth $1,573,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. State of Alaska Department of Revenue grew its stake in shares of Sunrun by 466.2% in the 1st quarter. State of Alaska Department of Revenue now owns 132,878 shares of the energy company’s stock valued at $1,751,000 after buying an additional 109,411 shares during the period. First Trust Direct Indexing L.P. bought a new stake in shares of Sunrun during the first quarter valued at approximately $155,000. Maryland State Retirement & Pension System raised its position in shares of Sunrun by 520.0% during the first quarter. Maryland State Retirement & Pension System now owns 93,639 shares of the energy company’s stock worth $1,234,000 after purchasing an additional 78,536 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Sunrun by 142.4% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 242,702 shares of the energy company’s stock worth $3,199,000 after purchasing an additional 142,563 shares in the last quarter. Finally, Capstone Investment Advisors LLC acquired a new stake in Sunrun in the 1st quarter valued at $418,000. 91.69% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on RUN shares. Jefferies Financial Group cut their price target on Sunrun from $31.00 to $29.00 and set a “buy” rating for the company in a research note on Thursday, October 10th. Morgan Stanley reaffirmed an “overweight” rating and set a $35.00 target price on shares of Sunrun in a research report on Tuesday, September 24th. Evercore ISI lowered their price target on Sunrun from $42.00 to $38.00 and set an “outperform” rating for the company in a research report on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Sunrun from $12.00 to $16.50 and gave the stock a “hold” rating in a report on Thursday, August 8th. Finally, Oppenheimer boosted their price target on shares of Sunrun from $19.00 to $22.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $22.79.

Sunrun Stock Performance

Shares of RUN opened at $14.09 on Thursday. The company has a 50-day simple moving average of $17.57 and a two-hundred day simple moving average of $15.27. 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 firm has a market capitalization of $3.12 billion, a PE ratio of -2.11 and a beta of 2.58. Sunrun Inc. has a one year low of $8.82 and a one year high of $22.26.

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

Insider Transactions at Sunrun

In related news, Director Lynn Michelle Jurich sold 50,000 shares of the business’s stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $14.60, for a total transaction of $730,000.00. Following the sale, the director now owns 1,142,446 shares of the company’s stock, valued at $16,679,711.60. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, Director Lynn Michelle Jurich sold 50,000 shares of the company’s stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $14.60, for a total value of $730,000.00. Following the transaction, the director now owns 1,142,446 shares in the company, valued at $16,679,711.60. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Jeanna Steele sold 24,161 shares of Sunrun stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $19.24, for a total transaction of $464,857.64. Following the completion of the transaction, the insider now directly owns 310,617 shares of the company’s stock, valued at $5,976,271.08. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 180,001 shares of company stock valued at $3,220,345 in the last three months. 3.76% of the stock is currently owned by company insiders.

Sunrun 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.