Cambridge Investment Research Advisors Inc. Purchases 5,033 Shares of Sunrun Inc. (NASDAQ:RUN)

Cambridge Investment Research Advisors Inc. lifted its position in Sunrun Inc. (NASDAQ:RUN) by 19.6% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 30,758 shares of the energy company’s stock after purchasing an additional 5,033 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Sunrun were worth $180,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Aster Capital Management DIFC Ltd bought a new stake in shares of Sunrun during the 4th quarter valued at $29,000. Summit Securities Group LLC bought a new stake in shares of Sunrun during the 4th quarter valued at $53,000. Sterling Capital Management LLC boosted its holdings in shares of Sunrun by 807.5% during the 4th quarter. Sterling Capital Management LLC now owns 6,888 shares of the energy company’s stock valued at $64,000 after buying an additional 6,129 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of Sunrun by 14.7% during the 1st quarter. GAMMA Investing LLC now owns 12,269 shares of the energy company’s stock valued at $72,000 after buying an additional 1,571 shares in the last quarter. Finally, Lighthouse Investment Partners LLC bought a new stake in shares of Sunrun during the 4th quarter valued at $92,000. Institutional investors own 91.69% of the company’s stock.

Sunrun Stock Up 2.5%

RUN opened at $10.36 on Tuesday. The firm has a 50-day simple moving average of $8.72 and a two-hundred day simple moving average of $8.19. Sunrun Inc. has a 52 week low of $5.38 and a 52 week high of $22.26. The company has a market capitalization of $2.37 billion, a PE ratio of -0.85 and a beta of 2.60. The company has a quick ratio of 0.99, a current ratio of 1.32 and a debt-to-equity ratio of 3.89.

Sunrun (NASDAQ:RUN) last released its quarterly earnings data on Wednesday, May 7th. The energy company reported $0.20 EPS for the quarter, beating the consensus estimate of ($0.22) by $0.42. Sunrun had a negative net margin of 129.97% and a positive return on equity of 9.42%. The business had revenue of $504.27 million during the quarter, compared to the consensus estimate of $487.29 million. During the same quarter in the prior year, the firm earned ($0.40) EPS. The business’s revenue was up 10.1% on a year-over-year basis. Analysts forecast that Sunrun Inc. will post -0.43 earnings per share for the current fiscal year.

Insider Transactions at Sunrun

In related news, insider Jeanna Steele sold 3,668 shares of the stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $10.80, for a total value of $39,614.40. Following the sale, the insider directly owned 439,620 shares of the company’s stock, valued at $4,747,896. This represents a 0.83% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Mary Powell sold 11,509 shares of the stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $10.80, for a total transaction of $124,297.20. Following the completion of the sale, the chief executive officer directly owned 893,240 shares in the company, valued at $9,646,992. This trade represents a 1.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 41,939 shares of company stock worth $430,264 in the last quarter. Company insiders own 3.37% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on RUN. Glj Research lowered Sunrun from a “hold” rating to a “sell” rating in a research report on Tuesday, June 17th. The Goldman Sachs Group lifted their price target on Sunrun from $12.00 to $15.00 and gave the stock a “buy” rating in a research report on Monday, May 19th. Susquehanna lowered their price target on Sunrun from $13.00 to $10.00 and set a “positive” rating for the company in a research report on Monday, April 14th. Jefferies Financial Group raised Sunrun from an “underperform” rating to a “hold” rating and lifted their price target for the stock from $5.00 to $11.00 in a research report on Wednesday, July 9th. Finally, UBS Group lowered their price target on Sunrun from $17.00 to $12.00 and set a “buy” rating for the company in a research report on Friday, May 30th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Sunrun has a consensus rating of “Hold” and an average target price of $14.30.

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.