Sunrun Inc. (NASDAQ:RUN) Stock Position Reduced by Prime Capital Investment Advisors LLC

Prime Capital Investment Advisors LLC cut its stake in shares of Sunrun Inc. (NASDAQ:RUN) by 31.1% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 12,587 shares of the energy company’s stock after selling 5,677 shares during the period. Prime Capital Investment Advisors LLC’s holdings in Sunrun were worth $247,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Ballentine Partners LLC purchased a new position in Sunrun during the fourth quarter valued at approximately $684,000. DAVENPORT & Co LLC grew its position in Sunrun by 668.9% in the fourth quarter. DAVENPORT & Co LLC now owns 96,226 shares of the energy company’s stock worth $1,889,000 after acquiring an additional 83,711 shares in the last quarter. Oak Thistle LLC bought a new stake in Sunrun in the fourth quarter worth approximately $447,000. Fifth Third Bancorp grew its position in Sunrun by 76.9% in the fourth quarter. Fifth Third Bancorp now owns 1,758 shares of the energy company’s stock worth $35,000 after acquiring an additional 764 shares in the last quarter. Finally, Pinnacle Associates Ltd. bought a new stake in Sunrun in the fourth quarter worth approximately $255,000. 91.69% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Sunrun

In other news, CFO Danny Abajian sold 17,440 shares of the company’s stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $12.07, for a total value of $210,500.80. Following the sale, the chief financial officer now owns 163,734 shares of the company’s stock, valued at approximately $1,976,269.38. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Sunrun news, Director Lynn Michelle Jurich sold 2,836 shares of the stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $10.01, for a total transaction of $28,388.36. Following the sale, the director now owns 1,399,810 shares of the company’s stock, valued at approximately $14,012,098.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Danny Abajian sold 17,440 shares of the stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $12.07, for a total transaction of $210,500.80. Following the sale, the chief financial officer now directly owns 163,734 shares in the company, valued at approximately $1,976,269.38. The disclosure for this sale can be found here. In the last quarter, insiders have sold 128,840 shares of company stock valued at $1,549,596. 3.76% of the stock is owned by insiders.

Sunrun Trading Down 1.8 %

Shares of RUN stock opened at $11.64 on Friday. Sunrun Inc. has a 52-week low of $8.43 and a 52-week high of $23.85. The stock has a market cap of $2.56 billion, a price-to-earnings ratio of -1.58 and a beta of 2.46. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.96 and a current ratio of 1.26. The firm has a fifty day moving average of $12.81 and a 200-day moving average of $13.23.

Sunrun (NASDAQ:RUN) last posted its earnings results on Wednesday, February 21st. The energy company reported ($1.33) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($1.20). Sunrun had a negative return on equity of 5.58% and a negative net margin of 71.00%. The firm had revenue of $516.59 million during the quarter, compared to the consensus estimate of $499.74 million. On average, equities research analysts forecast that Sunrun Inc. will post -1.69 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have commented on RUN. Royal Bank of Canada decreased their target price on shares of Sunrun from $17.00 to $15.00 and set an “outperform” rating for the company in a research report on Friday, March 15th. Janney Montgomery Scott downgraded shares of Sunrun from a “buy” rating to a “neutral” rating in a report on Tuesday, February 27th. Oppenheimer reaffirmed an “outperform” rating and set a $19.00 price objective on shares of Sunrun in a report on Thursday, February 22nd. Susquehanna reaffirmed a “positive” rating and set a $25.00 price objective on shares of Sunrun in a report on Friday, April 5th. Finally, KeyCorp reaffirmed a “sector weight” rating on shares of Sunrun in a report on Thursday, January 4th. One analyst has rated the stock with a sell rating, seven have given a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, Sunrun currently has a consensus rating of “Moderate Buy” and a consensus target price of $22.05.

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.