Sunrun Inc. (NASDAQ:RUN) Shares Acquired by Caliber Wealth Management LLC

Caliber Wealth Management LLC increased its position in shares of Sunrun Inc. (NASDAQ:RUNGet Rating) by 57.4% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 71,800 shares of the energy company’s stock after purchasing an additional 26,182 shares during the quarter. Caliber Wealth Management LLC’s holdings in Sunrun were worth $1,677,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of RUN. TD Asset Management Inc. boosted its position in Sunrun by 3.0% during the fourth quarter. TD Asset Management Inc. now owns 14,583 shares of the energy company’s stock worth $500,000 after acquiring an additional 430 shares during the last quarter. Rhumbline Advisers boosted its holdings in Sunrun by 6.7% in the fourth quarter. Rhumbline Advisers now owns 546,991 shares of the energy company’s stock valued at $18,762,000 after purchasing an additional 34,383 shares during the last quarter. Candriam Luxembourg S.C.A. increased its holdings in Sunrun by 18.5% during the 4th quarter. Candriam Luxembourg S.C.A. now owns 17,268 shares of the energy company’s stock worth $592,000 after purchasing an additional 2,701 shares during the last quarter. Private Advisor Group LLC grew its position in shares of Sunrun by 37.6% during the fourth quarter. Private Advisor Group LLC now owns 14,437 shares of the energy company’s stock worth $495,000 after buying an additional 3,947 shares in the last quarter. Finally, Bank of Montreal Can increased its stake in shares of Sunrun by 103.6% in the fourth quarter. Bank of Montreal Can now owns 91,999 shares of the energy company’s stock worth $3,136,000 after buying an additional 46,807 shares during the last quarter. 90.85% of the stock is currently owned by hedge funds and other institutional investors.

Sunrun Price Performance

NASDAQ:RUN opened at $36.51 on Monday. The firm’s fifty day moving average price is $31.60 and its two-hundred day moving average price is $27.70. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.73 and a quick ratio of 1.17. The company has a market cap of $7.74 billion, a P/E ratio of -65.20 and a beta of 2.26. Sunrun Inc. has a one year low of $16.80 and a one year high of $60.60.

Sunrun (NASDAQ:RUNGet Rating) last posted its quarterly earnings data on Wednesday, August 3rd. The energy company reported ($0.06) EPS for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.14. Sunrun had a negative return on equity of 1.39% and a negative net margin of 5.86%. The firm had revenue of $584.58 million for the quarter, compared to analyst estimates of $485.04 million. Equities analysts expect that Sunrun Inc. will post -0.72 earnings per share for the current year.

Insider Activity at Sunrun

In other Sunrun news, insider Lynn Michelle Jurich sold 100,000 shares of the business’s stock in a transaction on Monday, August 8th. The shares were sold at an average price of $37.01, for a total transaction of $3,701,000.00. Following the sale, the insider now owns 1,459,226 shares of the company’s stock, valued at $54,005,954.26. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, insider Lynn Michelle Jurich sold 100,000 shares of the business’s stock in a transaction that occurred on Monday, August 8th. The shares were sold at an average price of $37.01, for a total value of $3,701,000.00. Following the transaction, the insider now owns 1,459,226 shares in the company, valued at approximately $54,005,954.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Edward Harris Fenster sold 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 16th. The stock was sold at an average price of $35.38, for a total value of $884,500.00. Following the sale, the insider now directly owns 1,585,134 shares of the company’s stock, valued at approximately $56,082,040.92. The disclosure for this sale can be found here. Insiders have sold 375,753 shares of company stock valued at $12,551,801 over the last ninety days. 4.29% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have commented on RUN shares. JPMorgan Chase & Co. increased their target price on Sunrun from $52.00 to $65.00 and gave the stock an “overweight” rating in a report on Monday, August 8th. Wells Fargo & Company started coverage on shares of Sunrun in a research report on Wednesday, June 29th. They issued an “equal weight” rating and a $27.00 price target on the stock. Morgan Stanley lifted their price target on Sunrun from $70.00 to $79.00 and gave the stock an “overweight” rating in a research note on Thursday, August 18th. BMO Capital Markets raised their target price on Sunrun from $38.00 to $40.00 and gave the stock an “outperform” rating in a research report on Thursday, August 4th. Finally, Piper Sandler lifted their target price on shares of Sunrun from $29.00 to $30.00 and gave the company a “neutral” rating in a research note on Thursday, August 4th. Two investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $48.47.

Sunrun Company Profile

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Sunrun Inc engages in the design, development, installation, sale, ownership, and maintenance of 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.

See Also

Want to see what other hedge funds are holding RUN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sunrun Inc. (NASDAQ:RUNGet Rating).

Institutional Ownership by Quarter for Sunrun (NASDAQ:RUN)

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