Sunrun Inc. (NASDAQ:RUN) Shares Sold by AlphaMark Advisors LLC

by · The Cerbat Gem

AlphaMark Advisors LLC lowered its position in Sunrun Inc. (NASDAQ:RUN – Free Report) by 14.5% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,615 shares of the energy company’s stock after selling 950 shares during the period. AlphaMark Advisors LLC’s holdings in Sunrun were worth $101,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of RUN. Victory Capital Management Inc. increased its holdings in Sunrun by 1.5% in the 2nd quarter. Victory Capital Management Inc. now owns 45,374 shares of the energy company’s stock worth $538,000 after acquiring an additional 691 shares in the last quarter. Creative Planning raised its position in shares of Sunrun by 0.3% during the 3rd 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 last quarter. Crossmark Global Holdings Inc. lifted its stake in Sunrun by 6.0% in the 2nd quarter. Crossmark Global Holdings Inc. now owns 15,690 shares of the energy company’s stock valued at $186,000 after buying an additional 895 shares in the last quarter. &PARTNERS boosted its holdings in Sunrun by 1.6% in the 2nd quarter. &PARTNERS now owns 63,244 shares of the energy company’s stock worth $698,000 after buying an additional 1,019 shares during the last quarter. Finally, United Services Automobile Association increased its stake in Sunrun by 6.3% during the 2nd quarter. United Services Automobile Association now owns 17,631 shares of the energy company’s stock worth $209,000 after buying an additional 1,042 shares in the last quarter. 91.69% of the stock is owned by hedge funds and other institutional investors.

Sunrun Trading Up 0.3 %

NASDAQ RUN opened at $14.61 on Friday. The company has a debt-to-equity ratio of 1.84, a current ratio of 1.66 and a quick ratio of 1.31. The stock has a market capitalization of $3.27 billion, a P/E ratio of -2.29 and a beta of 2.58. The firm’s 50-day moving average is $18.38 and its two-hundred day moving average is $15.13. Sunrun Inc. has a 12 month low of $8.43 and a 12 month high of $22.26.

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

Insider Transactions at Sunrun

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

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Truist Financial reaffirmed a “hold” rating and issued a $18.00 price target (up from $12.00) on shares of Sunrun in a research note on Wednesday, August 7th. JPMorgan Chase & Co. upped their target price on shares of Sunrun from $19.00 to $22.00 and gave the stock an “overweight” rating in a report on Wednesday, August 7th. Susquehanna reduced their target price on shares of Sunrun from $24.00 to $23.00 and set a “positive” rating for the company in a research report on Wednesday. BMO Capital Markets increased their price objective on shares of Sunrun from $17.00 to $20.00 and gave the company a “market perform” rating in a report on Wednesday, August 7th. Finally, Jefferies Financial Group lowered their target price on Sunrun from $31.00 to $29.00 and set a “buy” rating on the stock in a report on Thursday, October 10th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, Sunrun presently has a consensus rating of “Moderate Buy” and an average price target of $22.64.

Get Our Latest Analysis on Sunrun

Sunrun Profile

(Free Report)

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.

See Also

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