12,348 Shares in Sunrun Inc. (NASDAQ:RUN) Bought by Saxon Interests Inc.

Saxon Interests Inc. purchased a new position in shares of Sunrun Inc. (NASDAQ:RUN) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 12,348 shares of the energy company’s stock, valued at approximately $163,000.

Other institutional investors have also bought and sold shares of the company. PNC Financial Services Group Inc. increased its holdings in Sunrun by 46.1% during the third quarter. PNC Financial Services Group Inc. now owns 8,967 shares of the energy company’s stock worth $113,000 after buying an additional 2,830 shares during the last quarter. Algert Global LLC purchased a new position in Sunrun in the third quarter valued at approximately $129,000. Bank of Nova Scotia bought a new position in Sunrun during the third quarter valued at $1,078,000. Advisors Asset Management Inc. raised its stake in shares of Sunrun by 4.9% in the third quarter. Advisors Asset Management Inc. now owns 44,560 shares of the energy company’s stock valued at $560,000 after buying an additional 2,093 shares during the period. Finally, Crestwood Advisors Group LLC bought a new position in shares of Sunrun during the 3rd quarter worth $700,000. Institutional investors own 91.69% of the company’s stock.

Sunrun Stock Performance

Sunrun stock opened at $10.95 on Wednesday. The stock’s 50 day moving average is $12.51 and its 200 day moving average is $13.49. Sunrun Inc. has a twelve month low of $8.43 and a twelve month high of $23.85. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.99 and a current ratio of 1.31.

Sunrun (NASDAQ:RUN) last issued its quarterly earnings results on Wednesday, May 8th. The energy company reported ($0.40) earnings per share for the quarter, beating the consensus estimate of ($0.49) by $0.09. Sunrun had a negative return on equity of 3.58% and a negative net margin of 68.22%. The firm had revenue of $458.20 million during the quarter, compared to the consensus estimate of $471.38 million. During the same period last year, the company earned ($1.12) earnings per share. The company’s revenue was down 22.3% on a year-over-year basis. As a group, sell-side analysts predict that Sunrun Inc. will post -1.27 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Sunrun news, Director Lynn Michelle Jurich sold 50,000 shares of the company’s stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $12.11, for a total transaction of $605,500.00. Following the transaction, the director now owns 1,344,383 shares in the company, valued at approximately $16,280,478.13. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Sunrun news, Director Edward Harris Fenster sold 44,646 shares of the business’s stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $15.91, for a total transaction of $710,317.86. Following the completion of the sale, the director now directly owns 1,207,423 shares in the company, valued at approximately $19,210,099.93. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Lynn Michelle Jurich sold 50,000 shares of the stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $12.11, for a total transaction of $605,500.00. Following the completion of the transaction, the director now owns 1,344,383 shares in the company, valued at approximately $16,280,478.13. The disclosure for this sale can be found here. In the last quarter, insiders sold 427,143 shares of company stock valued at $5,502,579. Corporate insiders own 3.76% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Royal Bank of Canada dropped their price objective on shares of Sunrun from $17.00 to $15.00 and set an “outperform” rating on the stock in a report on Friday, March 15th. Jefferies Financial Group reduced their price target on Sunrun from $32.00 to $26.00 and set a “buy” rating for the company in a research report on Thursday, May 9th. Mizuho dropped their price objective on Sunrun from $28.00 to $23.00 and set a “buy” rating on the stock in a report on Friday, April 19th. Morgan Stanley upped their price target on Sunrun from $24.00 to $29.00 and gave the company an “overweight” rating in a research report on Friday, June 14th. Finally, Susquehanna reduced their price objective on shares of Sunrun from $25.00 to $23.00 and set a “positive” rating for the company in a research note on Thursday, May 9th. Seven analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, Sunrun presently has a consensus rating of “Moderate Buy” and an average target price of $21.47.

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.