Aquatic Capital Management LLC Acquires 314,449 Shares of Sunrun Inc. (NASDAQ:RUN)

Aquatic Capital Management LLC boosted its holdings in Sunrun Inc. (NASDAQ:RUN - Free Report) by 149.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 524,949 shares of the energy company's stock after buying an additional 314,449 shares during the period. Aquatic Capital Management LLC owned approximately 0.23% of Sunrun worth $4,856,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. CIBC Asset Management Inc increased its holdings in Sunrun by 5.8% during the 4th 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 during the period. Guggenheim Capital LLC increased its holdings 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 purchasing an additional 1,749 shares during the period. Xponance Inc. raised its position 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 buying an additional 1,895 shares in the last quarter. Newbridge Financial Services Group Inc. boosted its stake in Sunrun by 133.3% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 3,500 shares of the energy company's stock valued at $32,000 after buying an additional 2,000 shares during the period. Finally, Scotia Capital Inc. grew its position in Sunrun by 17.7% during the fourth quarter. Scotia Capital Inc. now owns 14,377 shares of the energy company's stock worth $133,000 after buying an additional 2,157 shares in the last quarter. Institutional investors own 91.69% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on RUN shares. Roth Capital set a $20.00 price target on Sunrun in a report on Friday, February 28th. Truist Financial reiterated a "hold" rating and set a $6.00 target price (down from $9.00) on shares of Sunrun in a research report on Wednesday, April 16th. The Goldman Sachs Group decreased their price target on shares of Sunrun from $17.00 to $15.00 and set a "buy" rating on the stock in a report on Monday, March 3rd. Susquehanna dropped their price objective on shares of Sunrun from $13.00 to $10.00 and set a "positive" rating for the company in a report on Monday, April 14th. Finally, Citigroup reiterated a "neutral" rating and issued a $7.00 target price on shares of Sunrun in a research report on Thursday, April 17th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $14.92.

Sunrun Price Performance

Shares of Sunrun stock opened at $7.39 on Friday. The company's fifty day simple moving average is $6.83 and its two-hundred day simple moving average is $9.51. Sunrun Inc. has a 12-month low of $5.45 and a 12-month high of $22.26. The firm has a market cap of $1.67 billion, a PE ratio of -4.06 and a beta of 2.74. The company has a quick ratio of 1.15, a current ratio of 1.47 and a debt-to-equity ratio of 1.92.

Insider Transactions at Sunrun

In other Sunrun news, Director Edward Harris Fenster bought 150,000 shares of the firm's stock in a transaction that occurred on Monday, March 3rd. The stock was bought at an average price of $6.80 per share, for a total transaction of $1,020,000.00. Following the completion of the acquisition, the director now directly owns 1,358,182 shares in the company, valued at $9,235,637.60. The trade was a 12.42 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Danny Abajian sold 16,927 shares of Sunrun stock in a transaction on Monday, April 7th. The shares were sold at an average price of $6.74, for a total transaction of $114,087.98. Following the completion of the sale, the chief financial officer now owns 231,279 shares in the company, valued at approximately $1,558,820.46. This trade represents a 6.82 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 138,540 shares of company stock worth $1,050,944. Company insiders own 3.77% of the company's stock.

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.

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