Sunrun Inc. (NASDAQ:RUN) Shares Sold by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. decreased its holdings in shares of Sunrun Inc. (NASDAQ:RUN) by 40.1% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 51,423 shares of the energy company’s stock after selling 34,357 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Sunrun were worth $1,009,000 as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. Captrust Financial Advisors increased its holdings in Sunrun by 6.2% in the third quarter. Captrust Financial Advisors now owns 7,389 shares of the energy company’s stock valued at $204,000 after buying an additional 431 shares in the last quarter. Koss Olinger Consulting LLC increased its holdings in Sunrun by 6.4% in the first quarter. Koss Olinger Consulting LLC now owns 10,431 shares of the energy company’s stock valued at $210,000 after buying an additional 628 shares in the last quarter. Delphia USA Inc. increased its holdings in Sunrun by 4.3% in the fourth quarter. Delphia USA Inc. now owns 16,350 shares of the energy company’s stock valued at $393,000 after buying an additional 675 shares in the last quarter. Public Employees Retirement System of Ohio increased its holdings in Sunrun by 0.8% in the third quarter. Public Employees Retirement System of Ohio now owns 103,058 shares of the energy company’s stock valued at $2,843,000 after buying an additional 812 shares in the last quarter. Finally, Sei Investments Co. increased its holdings in Sunrun by 4.1% in the first quarter. Sei Investments Co. now owns 24,039 shares of the energy company’s stock valued at $484,000 after buying an additional 951 shares in the last quarter. 91.69% of the stock is owned by hedge funds and other institutional investors.

Sunrun Stock Down 1.8 %

Shares of RUN opened at $11.64 on Monday. The firm has a market cap of $2.56 billion, a PE ratio of -1.58 and a beta of 2.46. The company’s fifty day moving average is $12.81 and its two-hundred day moving average is $13.23. Sunrun Inc. has a fifty-two week low of $8.43 and a fifty-two week high of $23.85. The company has a quick ratio of 0.96, a current ratio of 1.26 and a debt-to-equity ratio of 1.68.

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

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Oppenheimer reaffirmed an “outperform” rating and issued a $19.00 target price on shares of Sunrun in a report on Thursday, February 22nd. Royal Bank of Canada dropped their price objective on shares of Sunrun from $17.00 to $15.00 and set an “outperform” rating for the company in a research note on Friday, March 15th. BMO Capital Markets raised their price objective on shares of Sunrun from $18.00 to $20.00 and gave the stock a “market perform” rating in a research note on Thursday, February 22nd. Mizuho raised their price objective on shares of Sunrun from $23.00 to $28.00 and gave the stock a “buy” rating in a research note on Wednesday, January 3rd. Finally, Susquehanna reissued a “positive” rating and set a $25.00 price objective on shares of Sunrun in a research note on Friday, April 5th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $21.53.

Insider Buying and Selling at Sunrun

In other Sunrun news, Director Lynn Michelle Jurich sold 4,830 shares of Sunrun stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $12.12, for a total value of $58,539.60. Following the transaction, the director now owns 1,403,915 shares in the company, valued at approximately $17,015,449.80. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, Director Lynn Michelle Jurich sold 4,830 shares of Sunrun stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $12.12, for a total transaction of $58,539.60. Following the transaction, the director now owns 1,403,915 shares in the company, valued at approximately $17,015,449.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Mary Powell sold 22,549 shares of Sunrun stock in a transaction on Monday, April 8th. The shares were sold at an average price of $12.07, for a total transaction of $272,166.43. Following the transaction, the chief executive officer now owns 379,768 shares in the company, valued at approximately $4,583,799.76. The disclosure for this sale can be found here. Insiders have sold a total of 128,840 shares of company stock worth $1,549,596 in the last quarter. 3.76% of the stock is owned by insiders.

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.