International Assets Investment Management LLC Purchases 1,638 Shares of Sunrun Inc. (NASDAQ:RUN)

International Assets Investment Management LLC raised its position in Sunrun Inc. (NASDAQ:RUN) by 1,706.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,734 shares of the energy company’s stock after buying an additional 1,638 shares during the quarter. International Assets Investment Management LLC’s holdings in Sunrun were worth $31,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Blue Trust Inc. raised its holdings in shares of Sunrun by 385.5% during the 3rd quarter. Blue Trust Inc. now owns 1,845 shares of the energy company’s stock worth $33,000 after buying an additional 1,465 shares in the last quarter. Duncker Streett & Co. Inc. bought a new position in shares of Sunrun in the second quarter worth about $36,000. CWM LLC boosted its stake in shares of Sunrun by 883.9% in the 2nd quarter. CWM LLC now owns 3,355 shares of the energy company’s stock valued at $40,000 after purchasing an additional 3,014 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Sunrun during the 2nd quarter valued at approximately $45,000. Finally, Headlands Technologies LLC acquired a new position in Sunrun during the 1st quarter worth approximately $53,000. 91.69% of the stock is currently owned by institutional investors and hedge funds.

Sunrun Price Performance

Shares of RUN opened at $10.23 on Friday. The firm has a market cap of $2.29 billion, a PE ratio of -1.61 and a beta of 2.61. Sunrun Inc. has a 52-week low of $8.82 and a 52-week high of $22.26. The business’s 50 day moving average price is $16.60 and its two-hundred day moving average price is $15.39. The company has a debt-to-equity ratio of 1.84, a quick ratio of 1.31 and a current ratio of 1.66.

Sunrun (NASDAQ:RUN) last issued its earnings results on Tuesday, August 6th. The energy company reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.33) by $0.88. The business had revenue of $523.87 million for the quarter, compared to analyst estimates of $516.76 million. Sunrun had a negative net margin of 66.36% and a negative return on equity of 2.41%. Sunrun’s revenue was down 11.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.25 earnings per share. On average, equities analysts anticipate that Sunrun Inc. will post -0.17 EPS for the current year.

Insider Activity

In related news, CEO Mary Powell sold 2,148 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $18.79, for a total transaction of $40,360.92. Following the transaction, the chief executive officer now directly owns 579,193 shares of the company’s stock, valued at approximately $10,883,036.47. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Sunrun news, CEO Mary Powell sold 2,148 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $18.79, for a total transaction of $40,360.92. Following the completion of the sale, the chief executive officer now owns 579,193 shares in the company, valued at approximately $10,883,036.47. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Lynn Michelle Jurich sold 1,937 shares of the firm’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $18.23, for a total transaction of $35,311.51. Following the completion of the transaction, the director now directly owns 1,242,446 shares in the company, valued at $22,649,790.58. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 155,840 shares of company stock worth $2,755,487. Company insiders own 3.77% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Jefferies Financial Group decreased their target price on shares of Sunrun from $31.00 to $29.00 and set a “buy” rating on the stock in a research note on Thursday, October 10th. Barclays lowered their target price on Sunrun from $19.00 to $18.00 and set an “equal weight” rating for the company in a report on Wednesday, October 16th. Piper Sandler lifted their price target on Sunrun from $20.00 to $23.00 and gave the company an “overweight” rating in a research note on Wednesday, August 7th. Wells Fargo & Company lowered their price objective on Sunrun from $20.00 to $15.00 and set an “overweight” rating for the company in a research note on Friday. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of Sunrun from $12.00 to $16.50 and gave the company a “hold” rating in a report on Thursday, August 8th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $21.33.

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.