Signaturefd LLC Increases Stock Position in Sunrun Inc. $RUN

Signaturefd LLC raised its position in Sunrun Inc. (NASDAQ:RUN) by 436.4% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,805 shares of the energy company’s stock after buying an additional 6,350 shares during the period. Signaturefd LLC’s holdings in Sunrun were worth $64,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. State of Alaska Department of Revenue increased its stake in shares of Sunrun by 9.4% in the 2nd quarter. State of Alaska Department of Revenue now owns 135,947 shares of the energy company’s stock valued at $1,111,000 after purchasing an additional 11,643 shares in the last quarter. Ballentine Partners LLC raised its stake in shares of Sunrun by 141.6% during the 2nd quarter. Ballentine Partners LLC now owns 74,956 shares of the energy company’s stock worth $613,000 after buying an additional 43,937 shares during the period. Norden Group LLC raised its stake in shares of Sunrun by 5.7% during the 2nd quarter. Norden Group LLC now owns 206,235 shares of the energy company’s stock worth $1,687,000 after buying an additional 11,033 shares during the period. GAMMA Investing LLC lifted its position in shares of Sunrun by 41.5% during the 2nd quarter. GAMMA Investing LLC now owns 17,364 shares of the energy company’s stock valued at $142,000 after buying an additional 5,095 shares in the last quarter. Finally, U.S. Capital Wealth Advisors LLC grew its stake in Sunrun by 33.3% in the 2nd quarter. U.S. Capital Wealth Advisors LLC now owns 20,000 shares of the energy company’s stock valued at $164,000 after acquiring an additional 5,000 shares during the period. 91.69% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Sunrun news, Director Lynn Michelle Jurich sold 50,000 shares of the firm’s stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $19.31, for a total transaction of $965,500.00. Following the completion of the sale, the director owned 850,482 shares of the company’s stock, valued at $16,422,807.42. This trade represents a 5.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CRO Paul S. Dickson sold 25,614 shares of the company’s stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $20.00, for a total value of $512,280.00. Following the completion of the transaction, the executive directly owned 655,734 shares in the company, valued at approximately $13,114,680. This trade represents a 3.76% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 193,092 shares of company stock valued at $3,464,174 in the last ninety days. Company insiders own 3.37% of the company’s stock.

Analyst Ratings Changes

RUN has been the subject of a number of research analyst reports. Susquehanna upped their price objective on shares of Sunrun from $12.00 to $13.00 and gave the stock a “positive” rating in a research report on Thursday, August 7th. UBS Group upped their price target 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 Exane raised shares of Sunrun from a “neutral” rating to an “outperform” rating and set a $21.00 price target on the stock in a research note on Monday, July 7th. Cowen reiterated a “buy” rating on shares of Sunrun in a research note on Thursday, August 7th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on Sunrun from $11.00 to $20.00 and gave the company a “hold” rating in a report on Wednesday, October 1st. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, Sunrun has an average rating of “Moderate Buy” and an average price target of $15.60.

Sunrun Price Performance

Sunrun stock opened at $19.11 on Monday. The company has a current ratio of 1.41, a quick ratio of 1.02 and a debt-to-equity ratio of 3.70. The company has a 50-day moving average price of $14.86 and a 200 day moving average price of $10.51. Sunrun Inc. has a 12-month low of $5.38 and a 12-month high of $20.02. The stock has a market cap of $4.41 billion, a P/E ratio of -1.65 and a beta of 2.41.

Sunrun (NASDAQ:RUN) last posted its earnings results on Wednesday, August 6th. The energy company reported $1.07 earnings per share 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% on a year-over-year basis. During the same period in the previous year, the business posted $0.55 EPS. Sell-side analysts anticipate that Sunrun Inc. will post -0.43 earnings per share for the current year.

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.