Bleakley Financial Group LLC Boosts Holdings in Sunrun Inc. (NASDAQ:RUN)

Bleakley Financial Group LLC grew its stake in shares of Sunrun Inc. (NASDAQ:RUN) by 22.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,583 shares of the energy company’s stock after acquiring an additional 2,483 shares during the quarter. Bleakley Financial Group LLC’s holdings in Sunrun were worth $245,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. Creative Planning raised its stake in Sunrun by 0.3% during the third quarter. Creative Planning now owns 290,259 shares of the energy company’s stock worth $5,242,000 after purchasing an additional 784 shares during the period. Diversified Trust Co raised its position in shares of Sunrun by 229.4% in the 3rd quarter. Diversified Trust Co now owns 60,538 shares of the energy company’s stock worth $1,093,000 after buying an additional 42,160 shares during the period. GAMMA Investing LLC boosted its holdings in Sunrun by 38.4% in the third quarter. GAMMA Investing LLC now owns 23,291 shares of the energy company’s stock valued at $421,000 after acquiring an additional 6,459 shares during the last quarter. Handelsbanken Fonder AB increased its stake in Sunrun by 0.6% during the third quarter. Handelsbanken Fonder AB now owns 3,123,059 shares of the energy company’s stock worth $56,402,000 after acquiring an additional 18,000 shares during the last quarter. Finally, SG Americas Securities LLC raised its holdings in shares of Sunrun by 37.7% in the 3rd quarter. SG Americas Securities LLC now owns 53,360 shares of the energy company’s stock worth $964,000 after purchasing an additional 14,611 shares during the period. 91.69% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Lynn Michelle Jurich sold 50,000 shares of the company’s stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $14.60, for a total transaction of $730,000.00. Following the completion of the transaction, the director now directly owns 1,142,446 shares of the company’s stock, valued at approximately $16,679,711.60. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Lynn Michelle Jurich sold 50,000 shares of the business’s stock in a transaction on Friday, October 18th. The shares were sold at an average price of $14.60, for a total transaction of $730,000.00. Following the completion of the transaction, the director now owns 1,142,446 shares of the company’s stock, valued at approximately $16,679,711.60. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Jeanna Steele sold 24,161 shares of the company’s stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $19.24, for a total transaction of $464,857.64. Following the transaction, the insider now owns 310,617 shares of the company’s stock, valued at $5,976,271.08. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 180,001 shares of company stock valued at $3,220,345. Company insiders own 3.77% of the company’s stock.

Wall Street Analyst Weigh In

RUN has been the subject of a number of research analyst reports. JPMorgan Chase & Co. increased their target price on shares of Sunrun from $19.00 to $22.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 7th. Evercore ISI cut their target price on shares of Sunrun from $42.00 to $38.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 7th. Barclays lowered their price target on Sunrun from $19.00 to $18.00 and set an “equal weight” rating for the company in a report on Wednesday, October 16th. Oppenheimer boosted their price objective on Sunrun from $19.00 to $22.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. Finally, Truist Financial reiterated a “hold” rating and issued a $18.00 target price (up previously from $12.00) on shares of Sunrun in a research note on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $22.79.

Sunrun Trading Down 1.4 %

NASDAQ:RUN opened at $13.85 on Thursday. Sunrun Inc. has a 52 week low of $8.43 and a 52 week high of $22.26. The company has a quick ratio of 1.31, a current ratio of 1.66 and a debt-to-equity ratio of 1.84. The company has a market cap of $3.10 billion, a PE ratio of -2.17 and a beta of 2.58. The business’s 50 day moving average is $18.11 and its two-hundred day moving average is $15.19.

Sunrun (NASDAQ:RUN) last released its quarterly earnings data on Tuesday, August 6th. The energy company reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of ($0.33) by $0.88. Sunrun had a negative net margin of 66.36% and a negative return on equity of 2.41%. The firm had revenue of $523.87 million during the quarter, compared to the consensus estimate of $516.76 million. During the same quarter in the previous year, the company posted $0.25 earnings per share. The firm’s revenue was down 11.2% on a year-over-year basis. On average, analysts predict that Sunrun Inc. will post -0.17 EPS for the current year.

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.