Caxton Associates LLP Makes New $2.05 Million Investment in Sunrun Inc. $RUN

Caxton Associates LLP bought a new position in shares of Sunrun Inc. (NASDAQ:RUN) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm bought 348,996 shares of the energy company’s stock, valued at approximately $2,045,000. Caxton Associates LLP owned about 0.15% of Sunrun as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in RUN. Cetera Investment Advisers lifted its holdings in shares of Sunrun by 50.2% in the 4th quarter. Cetera Investment Advisers now owns 65,022 shares of the energy company’s stock worth $601,000 after purchasing an additional 21,737 shares during the last quarter. Deutsche Bank AG increased its position in Sunrun by 28.5% in the 4th quarter. Deutsche Bank AG now owns 1,662,491 shares of the energy company’s stock valued at $15,378,000 after acquiring an additional 368,963 shares during the period. Focus Partners Wealth acquired a new stake in Sunrun in the 4th quarter valued at approximately $101,000. Humankind Investments LLC increased its position in Sunrun by 91.9% in the 4th quarter. Humankind Investments LLC now owns 20,404 shares of the energy company’s stock valued at $189,000 after acquiring an additional 9,773 shares during the period. Finally, Lighthouse Investment Partners LLC acquired a new stake in Sunrun in the 4th quarter valued at approximately $92,000. Institutional investors own 91.69% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Danny Abajian sold 8,909 shares of the firm’s stock in a transaction on Monday, July 7th. The stock was sold at an average price of $10.80, for a total value of $96,217.20. Following the completion of the sale, the chief financial officer owned 446,797 shares of the company’s stock, valued at $4,825,407.60. This trade represents a 1.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Alan Ferber sold 10,927 shares of the firm’s stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $11.24, for a total value of $122,819.48. Following the completion of the sale, the director directly owned 54,947 shares of the company’s stock, valued at approximately $617,604.28. This trade represents a 16.59% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 70,314 shares of company stock valued at $910,283 over the last quarter. 3.37% of the stock is owned by insiders.

Sunrun Stock Performance

Shares of NASDAQ RUN opened at $16.92 on Tuesday. The company has a quick ratio of 1.02, a current ratio of 1.41 and a debt-to-equity ratio of 3.70. The stock has a market capitalization of $3.90 billion, a price-to-earnings ratio of -1.46 and a beta of 2.21. The stock’s fifty day simple moving average is $12.35 and its 200 day simple moving average is $9.19. Sunrun Inc. has a 52-week low of $5.38 and a 52-week high of $21.77.

Sunrun (NASDAQ:RUN) last issued its earnings results on Wednesday, August 6th. The energy company reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.18) by $1.25. The business had revenue of $569.34 million for the quarter, compared to analysts’ expectations of $555.42 million. Sunrun had a positive return on equity of 14.19% and a negative net margin of 120.59%.The company’s quarterly revenue was up 8.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.55 EPS. As a group, sell-side analysts forecast that Sunrun Inc. will post -0.43 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts recently commented on RUN shares. Oppenheimer raised their target price on Sunrun from $20.00 to $21.00 and gave the company an “outperform” rating in a research report on Thursday, August 7th. Wells Fargo & Company raised their target price on Sunrun from $8.00 to $14.00 and gave the company an “overweight” rating in a research report on Thursday, August 14th. Cowen reiterated a “buy” rating on shares of Sunrun in a research report on Thursday, August 7th. UBS Group lifted their price target on Sunrun from $15.00 to $16.00 and gave the company a “buy” rating in a research report on Friday, August 8th. Finally, Glj Research upgraded Sunrun from a “sell” rating to a “hold” rating in a research report on Friday, August 15th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Sunrun presently has a consensus rating of “Moderate Buy” and an average target price of $14.63.

About Sunrun

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.