Signaturefd LLC Sells 6,772 Shares of Sunrun Inc. (NASDAQ:RUN)

Signaturefd LLC cut its holdings in shares of Sunrun Inc. (NASDAQ:RUN) by 67.2% during the 4th quarter, HoldingsChannel.com reports. The fund owned 3,298 shares of the energy company’s stock after selling 6,772 shares during the period. Signaturefd LLC’s holdings in Sunrun were worth $31,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Cibc World Markets Corp bought a new position in Sunrun in the fourth quarter valued at approximately $189,000. Erste Asset Management GmbH raised its holdings in shares of Sunrun by 16.3% during the fourth quarter. Erste Asset Management GmbH now owns 4,789,213 shares of the energy company’s stock worth $47,302,000 after acquiring an additional 672,049 shares during the period. Swiss National Bank lifted its position in Sunrun by 1.6% in the 4th quarter. Swiss National Bank now owns 439,700 shares of the energy company’s stock valued at $4,067,000 after acquiring an additional 7,000 shares in the last quarter. Kayne Anderson Capital Advisors LP acquired a new position in Sunrun in the 4th quarter worth $3,039,000. Finally, Wealthfront Advisers LLC bought a new position in Sunrun during the 4th quarter worth about $307,000. 91.69% of the stock is owned by institutional investors and hedge funds.

Sunrun Trading Up 2.8 %

Shares of Sunrun stock opened at $6.56 on Wednesday. Sunrun Inc. has a 1 year low of $5.93 and a 1 year high of $22.26. The company has a market capitalization of $1.48 billion, a price-to-earnings ratio of -3.60 and a beta of 2.84. The business has a fifty day simple moving average of $8.10 and a two-hundred day simple moving average of $11.45. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.47 and a quick ratio of 1.15.

Analyst Upgrades and Downgrades

RUN has been the topic of a number of research reports. TD Cowen cut their price target on Sunrun from $18.00 to $14.00 and set a “buy” rating on the stock in a report on Friday, February 28th. UBS Group cut their target price on Sunrun from $17.00 to $15.00 and set a “buy” rating on the stock in a research note on Tuesday, March 4th. Truist Financial reaffirmed a “hold” rating and set a $9.00 price target (down previously from $12.00) on shares of Sunrun in a research report on Monday, March 3rd. StockNews.com raised shares of Sunrun to a “sell” rating in a research report on Friday, December 20th. Finally, Wells Fargo & Company reduced their target price on shares of Sunrun from $15.00 to $12.00 and set an “overweight” rating for the company in a report on Wednesday, January 8th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, Sunrun presently has a consensus rating of “Moderate Buy” and a consensus price target of $17.20.

Insider Transactions at Sunrun

In other Sunrun news, CRO Paul S. Dickson sold 2,968 shares of the stock in a transaction on Monday, January 6th. The stock was sold at an average price of $11.18, for a total transaction of $33,182.24. Following the transaction, the executive now owns 418,492 shares in the company, valued at $4,678,740.56. This trade represents a 0.70 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Edward Harris Fenster bought 150,000 shares of Sunrun stock in a transaction dated Monday, March 3rd. The stock was acquired at an average cost of $6.80 per share, with a total value of $1,020,000.00. Following the transaction, the director now owns 1,358,182 shares of the company’s stock, valued at $9,235,637.60. This trade represents a 12.42 % increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders sold 121,466 shares of company stock worth $1,136,397. 3.77% of the stock is owned by insiders.

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.