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

Signaturefd LLC reduced its stake in shares of Sunrun Inc. (NASDAQ:RUN) by 7.8% in the 3rd quarter, according to 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 large investors have also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in Sunrun by 14.0% during the 1st quarter. Vanguard Group Inc. now owns 22,325,106 shares of the energy company’s stock worth $294,245,000 after buying an additional 2,743,148 shares during the last quarter. Greenvale Capital LLP raised its holdings in shares of Sunrun by 20.5% during the second quarter. Greenvale Capital LLP now owns 11,750,000 shares of the energy company’s stock worth $139,355,000 after purchasing an additional 2,000,000 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Sunrun by 20.0% during the second quarter. Dimensional Fund Advisors LP now owns 4,385,218 shares of the energy company’s stock valued at $52,025,000 after purchasing an additional 729,633 shares during the period. Handelsbanken Fonder AB boosted its holdings in Sunrun by 0.6% in the third quarter. Handelsbanken Fonder AB now owns 3,123,059 shares of the energy company’s stock valued at $56,402,000 after purchasing an additional 18,000 shares during the last quarter. Finally, Sylebra Capital LLC purchased a new position in shares of Sunrun during the 2nd quarter valued at about $35,387,000. 91.69% of the stock is owned by hedge funds and other institutional investors.

Sunrun Trading Up 2.6 %

Shares of RUN stock opened at $14.37 on Monday. The firm has a market capitalization of $3.19 billion, a P/E ratio of -2.15 and a beta of 2.58. Sunrun Inc. has a fifty-two week low of $8.66 and a fifty-two week high of $22.26. The stock’s fifty day moving average is $17.90 and its two-hundred day moving average is $15.24. The company has a debt-to-equity ratio of 1.84, a quick ratio of 1.31 and a current ratio of 1.66.

Sunrun (NASDAQ:RUN) last issued its earnings results on Tuesday, August 6th. The energy company reported $0.55 earnings per share for the quarter, topping the consensus estimate of ($0.33) by $0.88. Sunrun had a negative return on equity of 2.41% and a negative net margin of 66.36%. The business had revenue of $523.87 million for the quarter, compared to analysts’ expectations of $516.76 million. During the same period in the previous year, the firm posted $0.25 EPS. The business’s revenue for the quarter was down 11.2% compared to the same quarter last year. Research analysts expect that Sunrun Inc. will post -0.17 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts recently commented on the company. Jefferies Financial Group dropped their target price on Sunrun from $31.00 to $29.00 and set a “buy” rating on the stock in a report on Thursday, October 10th. StockNews.com raised shares of Sunrun to a “sell” rating in a report on Friday, September 27th. The Goldman Sachs Group reissued a “buy” rating and set a $20.00 price target on shares of Sunrun in a report on Wednesday, September 25th. Piper Sandler lifted their price objective on shares of Sunrun from $20.00 to $23.00 and gave the company an “overweight” rating in a report on Wednesday, August 7th. Finally, UBS Group increased their target price on shares of Sunrun from $14.00 to $18.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 7th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $22.79.

Insiders Place Their Bets

In other news, insider Jeanna Steele sold 24,161 shares of the stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $19.24, for a total value of $464,857.64. Following the completion of the sale, the insider now owns 310,617 shares of the company’s stock, valued at $5,976,271.08. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other Sunrun news, insider Jeanna Steele sold 24,161 shares of Sunrun stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $19.24, for a total value of $464,857.64. Following the sale, the insider now owns 310,617 shares in the company, valued at $5,976,271.08. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Gerald Alan Risk sold 9,045 shares of the stock in a transaction on Monday, August 19th. The stock was sold at an average price of $20.04, for a total value of $181,261.80. Following the transaction, the director now owns 334,761 shares of the company’s stock, valued at approximately $6,708,610.44. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 180,001 shares of company stock valued at $3,220,345. Insiders own 3.76% 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.