Diversified Trust Co Acquires 42,160 Shares of Sunrun Inc. (NASDAQ:RUN)

Diversified Trust Co boosted its holdings in shares of Sunrun Inc. (NASDAQ:RUN) by 229.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 60,538 shares of the energy company’s stock after purchasing an additional 42,160 shares during the quarter. Diversified Trust Co’s holdings in Sunrun were worth $1,093,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the company. Caxton Associates LP acquired a new stake in Sunrun during the 4th quarter valued at $1,672,000. Masters Capital Management LLC bought a new position in shares of Sunrun in the 4th quarter worth $19,630,000. Greenvale Capital LLP boosted its position in shares of Sunrun by 15.3% in the 4th quarter. Greenvale Capital LLP now owns 8,300,000 shares of the energy company’s stock worth $162,929,000 after purchasing an additional 1,100,000 shares during the last quarter. Oracle Alpha Inc. bought a new position in shares of Sunrun in the 4th quarter worth $376,000. Finally, EP Wealth Advisors LLC boosted its position in shares of Sunrun by 20.4% in the 4th quarter. EP Wealth Advisors LLC now owns 21,364 shares of the energy company’s stock worth $419,000 after purchasing an additional 3,624 shares during the last quarter. Institutional investors own 91.69% of the company’s stock.

Sunrun Price Performance

NASDAQ:RUN opened at $16.39 on Wednesday. The company has a debt-to-equity ratio of 1.84, a quick ratio of 1.31 and a current ratio of 1.66. The stock’s 50-day simple moving average is $18.71 and its 200 day simple moving average is $15.00. The company has a market cap of $3.63 billion, a P/E ratio of -2.46 and a beta of 2.58. Sunrun Inc. has a 52-week low of $8.43 and a 52-week high of $22.26.

Sunrun (NASDAQ:RUN) last announced its quarterly earnings results on Tuesday, August 6th. The energy company reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.33) by $0.88. The firm had revenue of $523.87 million for the quarter, compared to the consensus estimate of $516.76 million. Sunrun had a negative return on equity of 2.41% and a negative net margin of 66.36%. The business’s revenue was down 11.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.25 earnings per share. As a group, sell-side analysts forecast that Sunrun Inc. will post -0.16 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Lynn Michelle Jurich sold 50,000 shares of the company’s stock in a transaction that occurred on Friday, July 19th. The stock was sold at an average price of $16.93, for a total value of $846,500.00. Following the transaction, the director now owns 1,294,383 shares of the company’s stock, valued at approximately $21,913,904.19. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Jeanna Steele sold 24,161 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 310,617 shares in the company, valued at approximately $5,976,271.08. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Lynn Michelle Jurich sold 50,000 shares of the business’s stock in a transaction that occurred on Friday, July 19th. The shares were sold at an average price of $16.93, for a total value of $846,500.00. Following the completion of the sale, the director now owns 1,294,383 shares of the company’s stock, valued at approximately $21,913,904.19. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 180,001 shares of company stock valued at $3,336,845 over the last 90 days. 3.76% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

RUN has been the topic of several recent research reports. Truist Financial restated a “hold” rating and issued a $18.00 price target (up from $12.00) on shares of Sunrun in a research report on Wednesday, August 7th. Barclays lifted their target price on Sunrun from $16.00 to $19.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 23rd. Morgan Stanley reiterated an “overweight” rating and set a $35.00 target price on shares of Sunrun in a report on Tuesday, September 24th. UBS Group lifted their target price on Sunrun from $14.00 to $18.00 and gave the stock a “neutral” rating in a report on Wednesday, August 7th. Finally, StockNews.com upgraded Sunrun to a “sell” rating in a report on Friday, September 27th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $22.39.

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.