Sunrun Inc. (NASDAQ:RUN) Stock Holdings Trimmed by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. lowered its holdings in shares of Sunrun Inc. (NASDAQ:RUN – Get Rating) by 15.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,735 shares of the energy company’s stock after selling 5,530 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Sunrun were worth $714,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in RUN. Nisa Investment Advisors LLC raised its stake in Sunrun by 64.1% during the 3rd quarter. Nisa Investment Advisors LLC now owns 1,149 shares of the energy company’s stock valued at $28,000 after acquiring an additional 449 shares in the last quarter. RFP Financial Group LLC bought a new stake in Sunrun during the 4th quarter valued at $40,000. Salem Investment Counselors Inc. raised its stake in Sunrun by 3,750.0% during the 1st quarter. Salem Investment Counselors Inc. now owns 1,540 shares of the energy company’s stock valued at $47,000 after acquiring an additional 1,500 shares in the last quarter. Quadrant Capital Group LLC raised its stake in Sunrun by 150.6% during the 3rd quarter. Quadrant Capital Group LLC now owns 2,383 shares of the energy company’s stock valued at $66,000 after acquiring an additional 1,432 shares in the last quarter. Finally, SG3 Management LLC bought a new stake in shares of Sunrun in the 3rd quarter worth $69,000. Institutional investors own 86.21% of the company’s stock.

Insiders Place Their Bets

In other Sunrun news, Director Edward Harris Fenster sold 25,000 shares of the company’s stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $16.34, for a total value of $408,500.00. Following the transaction, the director now directly owns 1,267,994 shares of the company’s stock, valued at approximately $20,719,021.96. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, CAO Michelle Philpot sold 1,512 shares of the company’s stock in a transaction dated Monday, March 6th. The stock was sold at an average price of $25.51, for a total transaction of $38,571.12. Following the completion of the sale, the chief accounting officer now owns 35,418 shares in the company, valued at approximately $903,513.18. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Edward Harris Fenster sold 25,000 shares of the company’s stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $16.34, for a total value of $408,500.00. Following the sale, the director now owns 1,267,994 shares of the company’s stock, valued at approximately $20,719,021.96. The disclosure for this sale can be found here. Insiders have sold a total of 203,012 shares of company stock valued at $4,464,534 in the last three months. Insiders own 4.29% of the company’s stock.

Analyst Ratings Changes

RUN has been the topic of a number of research reports. BMO Capital Markets dropped their price objective on Sunrun from $39.00 to $34.00 and set an “outperform” rating on the stock in a research note on Thursday, February 23rd. Capital One Financial reissued an “overweight” rating and issued a $32.00 price objective on shares of Sunrun in a research note on Friday, April 14th. The Goldman Sachs Group dropped their price objective on Sunrun from $37.00 to $27.00 and set a “buy” rating on the stock in a research note on Thursday, March 30th. Morgan Stanley dropped their price objective on Sunrun from $65.00 to $30.00 and set an “overweight” rating on the stock in a research note on Monday, April 3rd. Finally, StockNews.com raised Sunrun to a “sell” rating in a research note on Tuesday, April 25th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $36.81.

Sunrun Stock Up 8.3 %

NASDAQ:RUN opened at $15.84 on Tuesday. The firm has a market capitalization of $3.42 billion, a price-to-earnings ratio of 226.32 and a beta of 2.34. Sunrun Inc. has a 1-year low of $14.55 and a 1-year high of $39.13. The company has a current ratio of 1.81, a quick ratio of 1.04 and a debt-to-equity ratio of 1.20. The business’s fifty day moving average price is $18.68 and its 200 day moving average price is $23.79.

Sunrun (NASDAQ:RUN – Get Rating) last issued its earnings results on Wednesday, May 3rd. The energy company reported ($1.12) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($1.08). Sunrun had a return on equity of 0.28% and a net margin of 0.86%. The firm had revenue of $589.85 million during the quarter, compared to analyst estimates of $517.78 million. During the same period in the previous year, the company earned ($0.42) earnings per share. The business’s revenue for the quarter was up 19.0% on a year-over-year basis. On average, sell-side analysts forecast that Sunrun Inc. will post -1.27 earnings per share for the current fiscal year.

Sunrun Profile

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Sunrun, Inc engages in the design, development, installation, sale, ownership, and maintenance of residential solar energy systems. It sells solar service offerings and installs solar energy systems for homeowners. Customers can access its products through three channels: direct-to-consumer, solar partnerships, and strategic partnerships.