Semanteon Capital Management LP Acquires New Shares in Sunrun Inc. (NASDAQ:RUN)

Semanteon Capital Management LP purchased a new position in Sunrun Inc. (NASDAQ:RUN - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 156,704 shares of the energy company's stock, valued at approximately $1,450,000. Sunrun accounts for about 0.8% of Semanteon Capital Management LP's holdings, making the stock its 26th largest holding. Semanteon Capital Management LP owned 0.07% of Sunrun as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Newbridge Financial Services Group Inc. lifted its position in shares of Sunrun by 133.3% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 3,500 shares of the energy company's stock worth $32,000 after purchasing an additional 2,000 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in Sunrun in the 3rd quarter worth $44,000. Union Bancaire Privee UBP SA acquired a new stake in Sunrun during the 4th quarter worth about $56,000. Wealth Enhancement Advisory Services LLC purchased a new stake in Sunrun during the 4th quarter valued at about $94,000. Finally, Alterna Wealth Management Inc. acquired a new position in shares of Sunrun in the fourth quarter valued at about $96,000. 91.69% of the stock is owned by institutional investors.

Sunrun Price Performance

Shares of NASDAQ RUN traded up $0.18 during midday trading on Tuesday, hitting $6.56. The stock had a trading volume of 11,416,482 shares, compared to its average volume of 10,685,390. The company has a quick ratio of 1.15, a current ratio of 1.47 and a debt-to-equity ratio of 1.92. The stock has a 50 day simple moving average of $8.16 and a 200-day simple moving average of $11.53. The company has a market capitalization of $1.48 billion, a PE ratio of -3.60 and a beta of 2.84. Sunrun Inc. has a 1 year low of $5.93 and a 1 year high of $22.26.

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Insider Activity

In related news, Director Edward Harris Fenster acquired 150,000 shares of the stock in a transaction on Monday, March 3rd. The shares were bought at an average price of $6.80 per share, with a total value of $1,020,000.00. Following the completion of the purchase, the director now owns 1,358,182 shares of the company's stock, valued at approximately $9,235,637.60. This represents a 12.42 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Mary Powell sold 4,350 shares of the firm's stock in a transaction on Monday, January 6th. The stock was sold at an average price of $11.18, for a total value of $48,633.00. Following the completion of the sale, the chief executive officer now directly owns 560,321 shares of the company's stock, valued at $6,264,388.78. This trade represents a 0.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 121,466 shares of company stock worth $1,136,397 over the last three months. Insiders own 3.77% of the company's stock.

Wall Street Analyst Weigh In

RUN has been the topic of a number of research reports. The Goldman Sachs Group cut their price objective on shares of Sunrun from $17.00 to $15.00 and set a "buy" rating on the stock in a research note on Monday, March 3rd. BMO Capital Markets cut their price target on Sunrun from $11.00 to $9.00 and set a "market perform" rating on the stock in a research report on Monday, March 3rd. StockNews.com upgraded Sunrun to a "sell" rating in a research note on Friday, December 20th. TD Cowen dropped their target price on Sunrun from $18.00 to $14.00 and set a "buy" rating on the stock in a report on Friday, February 28th. Finally, Jefferies Financial Group downgraded Sunrun from a "buy" rating to a "hold" rating and decreased their price target for the company from $14.00 to $8.00 in a report on Wednesday, March 12th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat, Sunrun has an average rating of "Moderate Buy" and an average price target of $17.20.

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.