Sunrun Inc. (NASDAQ:RUN) Shares Sold by Signaturefd LLC

Signaturefd LLC cut its stake in Sunrun Inc. (NASDAQ:RUN) by 7.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,070 shares of the energy company’s stock after selling 852 shares during the period. Signaturefd LLC’s holdings in Sunrun were worth $182,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Victory Capital Management Inc. lifted its position in shares of Sunrun by 1.5% during the 2nd quarter. Victory Capital Management Inc. now owns 45,374 shares of the energy company’s stock worth $538,000 after purchasing an additional 691 shares during the last quarter. Creative Planning boosted its position in shares of Sunrun by 0.3% during the 3rd quarter. Creative Planning now owns 290,259 shares of the energy company’s stock worth $5,242,000 after acquiring an additional 784 shares in the last quarter. Crossmark Global Holdings Inc. increased its holdings in shares of Sunrun by 6.0% in the 2nd quarter. Crossmark Global Holdings Inc. now owns 15,690 shares of the energy company’s stock valued at $186,000 after acquiring an additional 895 shares during the last quarter. &PARTNERS raised its position in shares of Sunrun by 1.6% during the 2nd quarter. &PARTNERS now owns 63,244 shares of the energy company’s stock worth $698,000 after acquiring an additional 1,019 shares in the last quarter. Finally, United Services Automobile Association lifted its stake in Sunrun by 6.3% during the second quarter. United Services Automobile Association now owns 17,631 shares of the energy company’s stock worth $209,000 after purchasing an additional 1,042 shares during the last quarter. 91.69% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Sunrun

In other Sunrun news, Director Lynn Michelle Jurich sold 1,937 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $18.23, for a total transaction of $35,311.51. Following the transaction, the director now owns 1,242,446 shares in the company, valued at approximately $22,649,790.58. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, Director Gerald Alan Risk sold 9,045 shares of the firm’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $20.04, for a total value of $181,261.80. Following the completion of the sale, the director now owns 334,761 shares in the company, valued at $6,708,610.44. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Lynn Michelle Jurich sold 1,937 shares of the business’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $18.23, for a total transaction of $35,311.51. Following the sale, the director now directly owns 1,242,446 shares in the company, valued at approximately $22,649,790.58. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 180,001 shares of company stock worth $3,220,345 over the last 90 days. Company insiders own 3.76% of the company’s stock.

Sunrun Price Performance

Sunrun stock opened at $14.37 on Monday. The business has a 50 day simple moving average of $17.90 and a 200-day simple moving average of $15.24. Sunrun Inc. has a 12 month low of $8.66 and a 12 month high of $22.26. 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 stock has a market capitalization of $3.19 billion, a PE ratio of -2.15 and a beta of 2.58.

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

Wall Street Analysts Forecast Growth

RUN has been the topic of several recent analyst reports. StockNews.com upgraded shares of Sunrun to a “sell” rating in a research note on Friday, September 27th. BMO Capital Markets increased their target price on shares of Sunrun from $17.00 to $20.00 and gave the company a “market perform” rating in a research report on Wednesday, August 7th. Jefferies Financial Group reduced their price target on shares of Sunrun from $31.00 to $29.00 and set a “buy” rating for the company in a research report on Thursday, October 10th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $20.00 price objective on shares of Sunrun in a report on Wednesday, September 25th. Finally, JPMorgan Chase & Co. boosted their target price on Sunrun from $19.00 to $22.00 and gave the company an “overweight” rating in a report on Wednesday, August 7th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $22.79.

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.