SG Americas Securities LLC Grows Stake in Sunrun Inc. (NASDAQ:RUN)

SG Americas Securities LLC increased its holdings in shares of Sunrun Inc. (NASDAQ:RUN) by 40.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 74,893 shares of the energy company’s stock after purchasing an additional 21,533 shares during the quarter. SG Americas Securities LLC’s holdings in Sunrun were worth $693,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Sei Investments Co. lifted its holdings in shares of Sunrun by 29.2% in the 2nd quarter. Sei Investments Co. now owns 64,224 shares of the energy company’s stock valued at $762,000 after purchasing an additional 14,517 shares during the last quarter. Xponance Inc. lifted its stake in Sunrun by 25.2% in the second quarter. Xponance Inc. now owns 16,675 shares of the energy company’s stock valued at $198,000 after buying an additional 3,361 shares during the last quarter. AQR Capital Management LLC purchased a new stake in Sunrun in the second quarter valued at approximately $436,000. The Manufacturers Life Insurance Company boosted its holdings in shares of Sunrun by 63.6% in the second quarter. The Manufacturers Life Insurance Company now owns 231,110 shares of the energy company’s stock valued at $2,741,000 after acquiring an additional 89,805 shares during the period. Finally, Algert Global LLC acquired a new position in shares of Sunrun in the 2nd quarter valued at $357,000. 91.69% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently weighed in on RUN. Wells Fargo & Company decreased their price target on shares of Sunrun from $15.00 to $12.00 and set an “overweight” rating for the company in a research note on Wednesday, January 8th. Oppenheimer decreased their target price on shares of Sunrun from $22.00 to $20.00 and set an “outperform” rating for the company in a research note on Friday, November 8th. Jefferies Financial Group dropped their price target on Sunrun from $19.00 to $17.00 and set a “buy” rating on the stock in a research report on Tuesday. Barclays decreased their price objective on Sunrun from $18.00 to $15.00 and set an “equal weight” rating for the company in a research report on Tuesday. Finally, JPMorgan Chase & Co. dropped their target price on Sunrun from $22.00 to $18.00 and set an “overweight” rating on the stock in a report on Thursday, January 23rd. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Sunrun presently has a consensus rating of “Moderate Buy” and an average price target of $18.36.

Sunrun Price Performance

RUN stock opened at $9.42 on Friday. The firm has a 50 day moving average of $10.19 and a 200-day moving average of $14.39. The company has a market cap of $2.11 billion, a price-to-earnings ratio of -5.18 and a beta of 2.58. The company has a current ratio of 1.47, a quick ratio of 1.15 and a debt-to-equity ratio of 1.92. Sunrun Inc. has a 12-month low of $8.22 and a 12-month high of $22.26.

Sunrun (NASDAQ:RUN) last posted its earnings results on Thursday, November 7th. The energy company reported ($0.37) EPS for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.21). Sunrun had a negative return on equity of 5.15% and a negative net margin of 18.80%. The firm had revenue of $537.17 million for the quarter, compared to analysts’ expectations of $560.60 million. During the same quarter in the previous year, the firm posted $0.40 earnings per share. As a group, equities analysts expect that Sunrun Inc. will post -0.41 EPS for the current fiscal year.

Insider Activity at Sunrun

In related news, CEO Mary Powell sold 4,350 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $11.18, for a total transaction of $48,633.00. Following the sale, the chief executive officer now owns 560,321 shares in the company, valued at approximately $6,264,388.78. This trade represents a 0.77 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CRO Paul S. Dickson sold 2,968 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 $33,182.24. Following the sale, the executive now owns 418,492 shares in the company, valued at $4,678,740.56. This trade represents a 0.70 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 164,830 shares of company stock valued at $1,614,147. Insiders own 3.77% of the company’s stock.

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.