Raymond James Financial Inc. bought a new stake in Sunrun Inc. (NASDAQ:RUN - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 93,710 shares of the energy company's stock, valued at approximately $867,000.
Other large investors also recently modified their holdings of the company. CIBC Asset Management Inc grew its holdings in shares of Sunrun by 5.8% during the fourth quarter. CIBC Asset Management Inc now owns 24,774 shares of the energy company's stock worth $229,000 after buying an additional 1,360 shares in the last quarter. Newbridge Financial Services Group Inc. boosted its position in Sunrun by 133.3% during the 4th 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 during the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Sunrun during the 3rd quarter worth approximately $44,000. The Manufacturers Life Insurance Company grew its stake in shares of Sunrun by 1.1% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 233,551 shares of the energy company's stock worth $4,218,000 after acquiring an additional 2,441 shares in the last quarter. Finally, Empowered Funds LLC raised its holdings in shares of Sunrun by 23.2% in the fourth quarter. Empowered Funds LLC now owns 13,734 shares of the energy company's stock valued at $127,000 after purchasing an additional 2,588 shares during the last quarter. 91.69% of the stock is currently owned by institutional investors.
Sunrun Price Performance
NASDAQ:RUN traded up $0.77 during trading hours on Wednesday, reaching $6.43. 20,341,528 shares of the company were exchanged, compared to its average volume of 10,785,819. The business has a 50 day moving average of $7.28 and a 200 day moving average of $10.41. Sunrun Inc. has a 1-year low of $5.45 and a 1-year high of $22.26. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.47 and a quick ratio of 1.15. The company has a market capitalization of $1.45 billion, a P/E ratio of -3.53 and a beta of 2.74.
Insider Activity at Sunrun
In other news, Director Lynn Michelle Jurich sold 50,000 shares of the company's stock in a transaction that occurred on Friday, January 17th. The stock was sold at an average price of $9.59, for a total value of $479,500.00. Following the completion of the transaction, the director now owns 991,753 shares of the company's stock, valued at $9,510,911.27. This represents a 4.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CRO Paul S. Dickson sold 19,343 shares of Sunrun stock in a transaction on Monday, April 7th. The stock was sold at an average price of $6.74, for a total transaction of $130,371.82. Following the transaction, the executive now owns 399,729 shares in the company, valued at approximately $2,694,173.46. This trade represents a 4.62 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 188,540 shares of company stock valued at $1,530,444 over the last quarter. 3.77% of the stock is owned by corporate insiders.
Analyst Upgrades and Downgrades
A number of research firms recently weighed in on RUN. BMO Capital Markets decreased their target price on shares of Sunrun from $11.00 to $9.00 and set a "market perform" rating for the company in a research report on Monday, March 3rd. JPMorgan Chase & Co. decreased their price objective on Sunrun from $22.00 to $18.00 and set an "overweight" rating for the company in a report on Thursday, January 23rd. StockNews.com raised Sunrun to a "sell" rating in a research report on Friday, December 20th. TD Cowen reduced their price target on Sunrun from $18.00 to $14.00 and set a "buy" rating for the company in a research report on Friday, February 28th. Finally, Wells Fargo & Company lowered their price target on Sunrun from $15.00 to $12.00 and set an "overweight" rating on the stock in a research report on Wednesday, January 8th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $17.20.
View Our Latest Analysis on Sunrun
Sunrun Profile
(
Free Report)
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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