Humankind Investments LLC Increases Stock Holdings in Sunrun Inc. (NASDAQ:RUN)

Humankind Investments LLC raised its position in shares of Sunrun Inc. (NASDAQ:RUN) by 91.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 20,404 shares of the energy company’s stock after acquiring an additional 9,773 shares during the period. Humankind Investments LLC’s holdings in Sunrun were worth $189,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. CIBC Asset Management Inc lifted its stake in shares of Sunrun by 5.8% in the fourth quarter. CIBC Asset Management Inc now owns 24,774 shares of the energy company’s stock worth $229,000 after acquiring an additional 1,360 shares in the last quarter. Guggenheim Capital LLC lifted its stake in shares of Sunrun by 6.8% in the fourth quarter. Guggenheim Capital LLC now owns 27,321 shares of the energy company’s stock worth $253,000 after acquiring an additional 1,749 shares in the last quarter. Xponance Inc. lifted its stake in shares of Sunrun by 13.2% in the fourth quarter. Xponance Inc. now owns 16,265 shares of the energy company’s stock worth $150,000 after acquiring an additional 1,895 shares in the last quarter. Newbridge Financial Services Group Inc. lifted its stake in shares of Sunrun by 133.3% in the fourth 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 in the last quarter. Finally, Scotia Capital Inc. lifted its stake in shares of Sunrun by 17.7% in the fourth quarter. Scotia Capital Inc. now owns 14,377 shares of the energy company’s stock worth $133,000 after acquiring an additional 2,157 shares in the last quarter. Hedge funds and other institutional investors own 91.69% of the company’s stock.

Insider Buying and Selling

In other Sunrun news, CFO Danny Abajian sold 16,927 shares of the stock in a transaction on Monday, April 7th. The stock was sold at an average price of $6.74, for a total transaction of $114,087.98. Following the completion of the transaction, the chief financial officer now directly owns 231,279 shares of the company’s stock, valued at approximately $1,558,820.46. This trade represents a 6.82% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Mary Powell sold 31,197 shares of the stock in a transaction on Monday, April 7th. The shares were sold at an average price of $6.74, for a total value of $210,267.78. Following the transaction, the chief executive officer now directly owns 534,615 shares of the company’s stock, valued at approximately $3,603,305.10. The trade was a 5.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 138,540 shares of company stock valued at $1,050,944 in the last three months. 3.77% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

RUN has been the topic of several research reports. TD Cowen cut their price objective on Sunrun from $18.00 to $14.00 and set a “buy” rating on the stock in a research note on Friday, February 28th. Susquehanna cut their price objective on Sunrun from $13.00 to $10.00 and set a “positive” rating on the stock in a research note on Monday, April 14th. Jefferies Financial Group cut Sunrun from a “buy” rating to a “hold” rating and cut their price objective for the company from $14.00 to $8.00 in a research note on Wednesday, March 12th. Roth Capital set a $20.00 price objective on Sunrun in a research note on Friday, February 28th. Finally, JPMorgan Chase & Co. cut their price objective on Sunrun from $22.00 to $18.00 and set an “overweight” rating on the stock in a research note on Thursday, January 23rd. Two analysts have rated the stock with a sell rating, nine have given a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $14.82.

Sunrun Stock Performance

Shares of RUN stock opened at $9.38 on Monday. Sunrun Inc. has a 12-month low of $5.45 and a 12-month high of $22.26. The firm has a market capitalization of $2.14 billion, a price-to-earnings ratio of -5.15 and a beta of 2.66. The business has a 50 day simple moving average of $6.77 and a 200 day simple moving average of $8.97. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.47 and a quick ratio of 1.15.

Sunrun (NASDAQ:RUN) last issued its quarterly earnings data on Wednesday, May 7th. The energy company reported $0.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.22) by $0.42. Sunrun had a negative return on equity of 5.15% and a negative net margin of 18.80%. The business had revenue of $504.27 million during the quarter, compared to analyst estimates of $487.29 million. During the same period in the prior year, the company posted ($0.40) EPS. The business’s revenue for the quarter was up 10.1% compared to the same quarter last year. On average, equities research analysts anticipate that Sunrun Inc. will post -0.43 EPS for the current year.

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.