GAMMA Investing LLC Purchases New Position in Sunrun Inc. (NASDAQ:RUN)

GAMMA Investing LLC purchased a new stake in Sunrun Inc. (NASDAQ:RUN) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,830 shares of the energy company’s stock, valued at approximately $95,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Fifth Third Bancorp lifted its holdings in shares of Sunrun by 76.9% in the 4th quarter. Fifth Third Bancorp now owns 1,758 shares of the energy company’s stock valued at $35,000 after purchasing an additional 764 shares during the last quarter. Versant Capital Management Inc lifted its stake in Sunrun by 149.7% in the fourth quarter. Versant Capital Management Inc now owns 1,880 shares of the energy company’s stock valued at $37,000 after buying an additional 1,127 shares during the last quarter. C M Bidwell & Associates Ltd. boosted its holdings in shares of Sunrun by 1,483.9% in the third quarter. C M Bidwell & Associates Ltd. now owns 2,360 shares of the energy company’s stock valued at $30,000 after acquiring an additional 2,211 shares during the period. Hexagon Capital Partners LLC grew its position in shares of Sunrun by 69.8% during the third quarter. Hexagon Capital Partners LLC now owns 3,345 shares of the energy company’s stock worth $42,000 after acquiring an additional 1,375 shares during the last quarter. Finally, NBC Securities Inc. acquired a new position in shares of Sunrun in the 3rd quarter valued at $53,000. Institutional investors and hedge funds own 91.69% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Mizuho decreased their price target on shares of Sunrun from $28.00 to $23.00 and set a “buy” rating for the company in a research note on Friday, April 19th. Janney Montgomery Scott lowered Sunrun from a “buy” rating to a “neutral” rating in a report on Tuesday, February 27th. KeyCorp reaffirmed a “sector weight” rating on shares of Sunrun in a research report on Thursday, January 4th. Oppenheimer reissued an “outperform” rating and issued a $19.00 target price on shares of Sunrun in a report on Thursday, February 22nd. Finally, Susquehanna reaffirmed a “positive” rating and set a $25.00 price target on shares of Sunrun in a report on Friday, April 5th. Seven investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, Sunrun presently has a consensus rating of “Moderate Buy” and an average target price of $21.26.

Sunrun Stock Up 6.0 %

Shares of NASDAQ RUN opened at $10.29 on Monday. The firm’s 50-day moving average is $11.72 and its two-hundred day moving average is $13.16. The company has a market capitalization of $2.26 billion, a PE ratio of -1.39 and a beta of 2.46. Sunrun Inc. has a 12-month low of $8.43 and a 12-month high of $23.85. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.26 and a quick ratio of 0.96.

Sunrun (NASDAQ:RUN) last released its quarterly earnings results on Wednesday, February 21st. The energy company reported ($1.33) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($1.20). Sunrun had a negative return on equity of 5.58% and a negative net margin of 71.00%. The company had revenue of $516.59 million for the quarter, compared to analysts’ expectations of $499.74 million. Equities analysts anticipate that Sunrun Inc. will post -1.69 EPS for the current fiscal year.

Insider Activity at Sunrun

In other news, Director Alan Ferber purchased 10,000 shares of the stock in a transaction dated Thursday, March 14th. The stock was acquired at an average cost of $9.73 per share, for a total transaction of $97,300.00. Following the completion of the acquisition, the director now directly owns 10,000 shares in the company, valued at approximately $97,300. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. In related news, CEO Mary Powell sold 5,424 shares of the stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $12.12, for a total value of $65,738.88. Following the transaction, the chief executive officer now directly owns 411,628 shares of the company’s stock, valued at approximately $4,988,931.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Alan Ferber purchased 10,000 shares of the company’s stock in a transaction on Thursday, March 14th. The shares were purchased at an average price of $9.73 per share, with a total value of $97,300.00. Following the completion of the purchase, the director now directly owns 10,000 shares of the company’s stock, valued at $97,300. The disclosure for this purchase can be found here. In the last quarter, insiders sold 301,760 shares of company stock valued at $3,615,990. 3.76% 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.