Cetera Investment Advisers Acquires 22,547 Shares of Sunrun Inc. (NASDAQ:RUN)

Cetera Investment Advisers lifted its holdings in Sunrun Inc. (NASDAQ:RUN) by 34.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 87,569 shares of the energy company’s stock after acquiring an additional 22,547 shares during the period. Cetera Investment Advisers’ holdings in Sunrun were worth $513,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Greenvale Capital LLP lifted its holdings in shares of Sunrun by 50.3% in the 4th quarter. Greenvale Capital LLP now owns 13,500,000 shares of the energy company’s stock valued at $124,875,000 after acquiring an additional 4,516,793 shares during the last quarter. Alyeska Investment Group L.P. lifted its holdings in shares of Sunrun by 593.9% in the 4th quarter. Alyeska Investment Group L.P. now owns 12,028,454 shares of the energy company’s stock valued at $111,263,000 after acquiring an additional 10,294,947 shares during the last quarter. Sylebra Capital LLC raised its position in Sunrun by 124.0% in the 4th quarter. Sylebra Capital LLC now owns 6,683,162 shares of the energy company’s stock worth $61,819,000 after purchasing an additional 3,699,405 shares during the period. Dimensional Fund Advisors LP raised its position in Sunrun by 27.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 6,621,303 shares of the energy company’s stock worth $61,252,000 after purchasing an additional 1,427,858 shares during the period. Finally, Maple Rock Capital Partners Inc. raised its position in Sunrun by 92.8% in the 4th quarter. Maple Rock Capital Partners Inc. now owns 3,597,600 shares of the energy company’s stock worth $33,278,000 after purchasing an additional 1,732,000 shares during the period. Institutional investors own 91.69% of the company’s stock.

Insider Activity at Sunrun

In other Sunrun news, CRO Paul S. Dickson sold 8,010 shares of the firm’s stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $10.81, for a total value of $86,588.10. Following the completion of the sale, the executive directly owned 679,044 shares in the company, valued at $7,340,465.64. This trade represents a 1.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jeanna Steele sold 3,668 shares of the firm’s stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $10.80, for a total transaction of $39,614.40. Following the completion of the sale, the insider owned 439,620 shares of the company’s stock, valued at approximately $4,747,896. This trade represents a 0.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 52,866 shares of company stock valued at $553,083 over the last quarter. 3.37% of the stock is owned by insiders.

Sunrun Stock Performance

Shares of RUN stock opened at $13.92 on Friday. The firm has a market cap of $3.21 billion, a price-to-earnings ratio of -1.20 and a beta of 2.37. The company’s 50 day moving average is $9.63 and its 200 day moving average is $8.36. The company has a quick ratio of 1.02, a current ratio of 1.41 and a debt-to-equity ratio of 3.70. Sunrun Inc. has a 52-week low of $5.38 and a 52-week high of $22.26.

Sunrun (NASDAQ:RUN) last issued its quarterly earnings data on Wednesday, August 6th. The energy company reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.18) by $1.25. The company had revenue of $569.34 million for the quarter, compared to analyst estimates of $555.42 million. Sunrun had a negative net margin of 120.59% and a positive return on equity of 14.19%. Sunrun’s revenue was up 8.7% compared to the same quarter last year. During the same period last year, the company posted $0.55 earnings per share. On average, sell-side analysts anticipate that Sunrun Inc. will post -0.43 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently weighed in on RUN. The Goldman Sachs Group increased their price objective on shares of Sunrun from $12.00 to $15.00 and gave the stock a “buy” rating in a research report on Monday, May 19th. UBS Group increased their price objective on shares of Sunrun from $15.00 to $16.00 and gave the stock a “buy” rating in a research report on Friday, August 8th. BNP Paribas raised shares of Sunrun from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 7th. Cowen reissued a “buy” rating on shares of Sunrun in a research report on Thursday, August 7th. Finally, TD Cowen increased their price objective on shares of Sunrun from $13.00 to $14.00 and gave the stock a “buy” rating in a research report on Thursday, August 7th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $14.13.

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.