Pacific Capital Wealth Advisors Inc. Has $747,000 Holdings in Sunrun Inc. (NASDAQ:RUN)

Pacific Capital Wealth Advisors Inc. increased its holdings in Sunrun Inc. (NASDAQ:RUN - Free Report) by 102.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 80,732 shares of the energy company's stock after purchasing an additional 40,942 shares during the quarter. Pacific Capital Wealth Advisors Inc.'s holdings in Sunrun were worth $747,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Ridgecrest Wealth Partners LLC boosted its holdings in shares of Sunrun by 11.0% during the 4th quarter. Ridgecrest Wealth Partners LLC now owns 80,000 shares of the energy company's stock valued at $740,000 after acquiring an additional 7,929 shares during the last quarter. Union Bancaire Privee UBP SA bought a new position in Sunrun in the 4th quarter worth approximately $56,000. Janney Montgomery Scott LLC purchased a new stake in shares of Sunrun in the fourth quarter worth about $118,000. SG Americas Securities LLC lifted its holdings in shares of Sunrun by 40.4% in the 4th quarter. SG Americas Securities LLC now owns 74,893 shares of the energy company's stock valued at $693,000 after acquiring an additional 21,533 shares during the last quarter. Finally, Assenagon Asset Management S.A. boosted its holdings in Sunrun by 36.5% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,877,502 shares of the energy company's stock valued at $17,367,000 after acquiring an additional 501,918 shares during the period. 91.69% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Sunrun news, Director Lynn Michelle Jurich sold 50,000 shares of the firm's stock in a transaction on Thursday, December 19th. The shares were sold at an average price of $9.42, for a total transaction of $471,000.00. Following the completion of the transaction, the director now directly owns 1,041,753 shares of the company's stock, valued at $9,813,313.26. This trade represents a 4.58 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Danny Abajian sold 3,734 shares of the stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $11.18, for a total transaction of $41,746.12. Following the transaction, the chief financial officer now directly owns 257,969 shares in the company, valued at $2,884,093.42. The trade was a 1.43 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 164,830 shares of company stock valued at $1,614,147. Company insiders own 3.77% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on RUN. JPMorgan Chase & Co. dropped their price target on Sunrun from $22.00 to $18.00 and set an "overweight" rating on the stock in a research note on Thursday, January 23rd. BNP Paribas raised shares of Sunrun from a "neutral" rating to an "outperform" rating and set a $16.00 price objective on the stock in a report on Tuesday, January 7th. Glj Research reissued a "sell" rating and set a $7.78 target price on shares of Sunrun in a report on Thursday, November 7th. Oppenheimer cut their price target on Sunrun from $22.00 to $20.00 and set an "outperform" rating on the stock in a research report on Friday, November 8th. Finally, StockNews.com upgraded Sunrun to a "sell" rating in a research note on Friday, December 20th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and fourteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $18.36.

Sunrun Trading Down 3.8 %

Shares of Sunrun stock traded down $0.36 during trading hours on Friday, reaching $9.07. 7,616,974 shares of the company's stock were exchanged, compared to its average volume of 10,682,595. Sunrun Inc. has a 52-week low of $8.22 and a 52-week high of $22.26. The company has a fifty day moving average of $10.19 and a 200-day moving average of $14.39. The company has a current ratio of 1.47, a quick ratio of 1.15 and a debt-to-equity ratio of 1.92. The firm has a market capitalization of $2.03 billion, a price-to-earnings ratio of -4.98 and a beta of 2.58.

Sunrun (NASDAQ:RUN - Get Free Report) last issued its quarterly earnings results on Thursday, November 7th. The energy company reported ($0.37) EPS for the quarter, missing the consensus estimate of ($0.16) by ($0.21). The company had revenue of $537.17 million for the quarter, compared to analyst estimates of $560.60 million. Sunrun had a negative return on equity of 5.15% and a negative net margin of 18.80%. During the same period last year, the company posted $0.40 EPS. Sell-side analysts forecast that Sunrun Inc. will post -0.43 EPS for the current fiscal year.

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.