156,704 Shares in Sunrun Inc. (NASDAQ:RUN) Bought by Semanteon Capital Management LP

Semanteon Capital Management LP bought a new stake in Sunrun Inc. (NASDAQ:RUN) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 156,704 shares of the energy company’s stock, valued at approximately $1,450,000. Sunrun comprises 0.8% of Semanteon Capital Management LP’s holdings, making the stock its 26th biggest holding.

Several other hedge funds and other institutional investors also recently modified their holdings of RUN. Newbridge Financial Services Group Inc. increased its holdings in shares of Sunrun by 133.3% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 3,500 shares of the energy company’s stock worth $32,000 after acquiring an additional 2,000 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in shares of Sunrun in the third quarter valued at approximately $44,000. Union Bancaire Privee UBP SA bought a new stake in shares of Sunrun during the fourth quarter valued at approximately $56,000. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Sunrun during the fourth quarter worth approximately $94,000. Finally, Alterna Wealth Management Inc. bought a new position in Sunrun in the 4th quarter worth approximately $96,000. Institutional investors and hedge funds own 91.69% of the company’s stock.

Analyst Upgrades and Downgrades

RUN has been the topic of several recent analyst reports. StockNews.com raised Sunrun to a “sell” rating in a research note on Friday, December 20th. UBS Group dropped their price target on shares of Sunrun from $17.00 to $15.00 and set a “buy” rating on the stock in a research report on Tuesday, March 4th. JPMorgan Chase & Co. decreased their target price on Sunrun from $22.00 to $18.00 and set an “overweight” rating for the company in a research note on Thursday, January 23rd. Royal Bank of Canada reduced their target price on shares of Sunrun from $17.00 to $14.00 and set an “outperform” rating for the company in a report on Monday, March 3rd. Finally, Jefferies Financial Group cut Sunrun from a “buy” rating to a “hold” rating and decreased their target price for the stock from $14.00 to $8.00 in a report on Wednesday, March 12th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, Sunrun has a consensus rating of “Moderate Buy” and an average price target of $17.20.

Sunrun Price Performance

NASDAQ RUN opened at $6.71 on Friday. Sunrun Inc. has a fifty-two week low of $5.93 and a fifty-two week high of $22.26. The stock’s 50-day moving average is $8.30 and its two-hundred day moving average is $11.82. The firm has a market cap of $1.52 billion, a P/E ratio of -3.69 and a beta of 2.84. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.47 and a quick ratio of 1.15.

Insider Activity at Sunrun

In related news, CEO Mary Powell sold 4,350 shares of Sunrun stock in a transaction on Monday, January 6th. The shares were sold at an average price of $11.18, for a total value of $48,633.00. Following the transaction, the chief executive officer now owns 560,321 shares in the company, valued at $6,264,388.78. This trade represents a 0.77 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Edward Harris Fenster purchased 150,000 shares of the firm’s stock in a transaction on Monday, March 3rd. The shares were purchased at an average price of $6.80 per share, with a total value of $1,020,000.00. Following the completion of the acquisition, the director now directly owns 1,358,182 shares of the company’s stock, valued at approximately $9,235,637.60. This trade represents a 12.42 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders have sold 121,466 shares of company stock valued at $1,136,397. Corporate insiders own 3.77% of the company’s stock.

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.