Bleakley Financial Group LLC Purchases 5,332 Shares of Sunrun Inc. (NASDAQ:RUN)

Bleakley Financial Group LLC raised its position in Sunrun Inc. (NASDAQ:RUN) by 39.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,915 shares of the energy company’s stock after purchasing an additional 5,332 shares during the quarter. Bleakley Financial Group LLC’s holdings in Sunrun were worth $175,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. International Assets Investment Management LLC boosted its position in Sunrun by 1,706.3% during the third quarter. International Assets Investment Management LLC now owns 1,734 shares of the energy company’s stock valued at $31,000 after purchasing an additional 1,638 shares in the last quarter. Blue Trust Inc. boosted its holdings in shares of Sunrun by 385.5% in the 3rd quarter. Blue Trust Inc. now owns 1,845 shares of the energy company’s stock valued at $33,000 after buying an additional 1,465 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of Sunrun in the 3rd quarter worth approximately $44,000. Union Bancaire Privee UBP SA bought a new position in shares of Sunrun during the 4th quarter worth approximately $56,000. Finally, Waldron Private Wealth LLC purchased a new stake in Sunrun during the third quarter valued at approximately $135,000. 91.69% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Sunrun news, CRO Paul S. Dickson sold 2,968 shares of the business’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $11.18, for a total transaction of $33,182.24. Following the completion of the sale, the executive now directly owns 418,492 shares of the company’s stock, valued at approximately $4,678,740.56. The trade was a 0.70 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Lynn Michelle Jurich sold 50,000 shares of the firm’s stock in a transaction that occurred 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 in the company, valued at approximately $9,813,313.26. The trade was a 4.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 164,830 shares of company stock valued at $1,614,147 over the last ninety days. 3.77% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. The Goldman Sachs Group cut their price target on shares of Sunrun from $19.00 to $17.00 and set a “buy” rating on the stock in a report on Tuesday, December 17th. Guggenheim lowered Sunrun from a “buy” rating to a “neutral” rating in a research note on Thursday, November 7th. Glj Research reiterated a “sell” rating and issued a $7.78 price objective on shares of Sunrun in a research report on Thursday, November 7th. Susquehanna decreased their price target on shares of Sunrun from $24.00 to $23.00 and set a “positive” rating on the stock in a research note on Wednesday, October 16th. Finally, Roth Mkm cut their price objective on Sunrun from $35.00 to $30.00 and set a “buy” rating for the company in a research report on Friday, November 8th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $18.36.

Sunrun Trading Down 1.2 %

Shares of NASDAQ:RUN opened at $8.00 on Thursday. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.15 and a current ratio of 1.47. Sunrun Inc. has a 52-week low of $7.90 and a 52-week high of $22.26. The stock’s 50-day moving average is $9.69 and its 200-day moving average is $13.83. The company has a market cap of $1.79 billion, a P/E ratio of -4.40 and a beta of 2.59.

Sunrun 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.