Albion Financial Group UT Raises Stock Holdings in Sunrun Inc. (NASDAQ:RUN)

Albion Financial Group UT lifted its holdings in Sunrun Inc. (NASDAQ:RUN) by 20.7% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 48,587 shares of the energy company’s stock after purchasing an additional 8,319 shares during the quarter. Albion Financial Group UT’s holdings in Sunrun were worth $640,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Fifth Third Bancorp raised its stake in shares of Sunrun by 76.9% in the fourth quarter. Fifth Third Bancorp now owns 1,758 shares of the energy company’s stock valued at $35,000 after acquiring an additional 764 shares during the period. Versant Capital Management Inc raised its position in Sunrun by 149.7% during the 4th quarter. Versant Capital Management Inc now owns 1,880 shares of the energy company’s stock valued at $37,000 after purchasing an additional 1,127 shares in the last quarter. USCF Advisers LLC increased its stake in shares of Sunrun by 130.0% during the fourth quarter. USCF Advisers LLC now owns 2,300 shares of the energy company’s stock valued at $45,000 after buying an additional 1,300 shares during the period. Manchester Capital Management LLC increased its position in Sunrun by 41.9% during the 4th quarter. Manchester Capital Management LLC now owns 3,178 shares of the energy company’s stock valued at $62,000 after purchasing an additional 938 shares during the period. Finally, Parallel Advisors LLC boosted its position in Sunrun by 91.4% during the 4th quarter. Parallel Advisors LLC now owns 3,168 shares of the energy company’s stock valued at $62,000 after acquiring an additional 1,513 shares in the last quarter. Hedge funds and other institutional investors own 91.69% of the company’s stock.

Sunrun Stock Up 11.1 %

Shares of RUN opened at $12.16 on Thursday. The company has a quick ratio of 0.99, a current ratio of 1.31 and a debt-to-equity ratio of 1.84. Sunrun Inc. has a 52-week low of $8.43 and a 52-week high of $23.85. The stock has a fifty day simple moving average of $12.55 and a two-hundred day simple moving average of $13.48. The company has a market capitalization of $2.70 billion, a PE ratio of -1.82 and a beta of 2.61.

Sunrun (NASDAQ:RUN) last posted its earnings results on Wednesday, May 8th. The energy company reported ($0.40) earnings per share for the quarter, beating the consensus estimate of ($0.49) by $0.09. Sunrun had a negative net margin of 68.22% and a negative return on equity of 3.58%. The firm had revenue of $458.20 million during the quarter, compared to the consensus estimate of $471.38 million. During the same quarter last year, the firm earned ($1.12) EPS. The firm’s revenue for the quarter was down 22.3% on a year-over-year basis. As a group, equities analysts forecast that Sunrun Inc. will post -1.27 EPS for the current year.

Insider Transactions at Sunrun

In related news, CFO Danny Abajian sold 17,440 shares of Sunrun stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $12.07, for a total value of $210,500.80. Following the completion of the transaction, the chief financial officer now owns 163,734 shares in the company, valued at $1,976,269.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Sunrun news, 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 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 filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Edward Harris Fenster sold 172,920 shares of the business’s stock in a transaction dated Thursday, April 11th. The stock was sold at an average price of $11.95, for a total value of $2,066,394.00. Following the transaction, the director now directly owns 1,261,317 shares of the company’s stock, valued at $15,072,738.15. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 427,143 shares of company stock valued at $5,502,579. 3.76% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have commented on RUN. Jefferies Financial Group decreased their price target on shares of Sunrun from $32.00 to $26.00 and set a “buy” rating for the company in a research report on Thursday, May 9th. Morgan Stanley raised their price objective on Sunrun from $24.00 to $29.00 and gave the stock an “overweight” rating in a research report on Friday, June 14th. Mizuho lowered their price target on Sunrun from $28.00 to $23.00 and set a “buy” rating for the company in a report on Friday, April 19th. Susquehanna lowered their target price on shares of Sunrun from $25.00 to $23.00 and set a “positive” rating for the company in a research note on Thursday, May 9th. Finally, Royal Bank of Canada cut their price objective on Sunrun from $17.00 to $15.00 and set an “outperform” rating on the stock in a report on Friday, March 15th. Seven investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $21.47.

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.