Blueshift Asset Management LLC Buys Shares of 233,435 Sunrun Inc. $RUN

Blueshift Asset Management LLC purchased a new position in shares of Sunrun Inc. (NASDAQ:RUN) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 233,435 shares of the energy company’s stock, valued at approximately $1,909,000. Sunrun makes up about 0.6% of Blueshift Asset Management LLC’s holdings, making the stock its 24th biggest position.

Other institutional investors and hedge funds have also made changes to their positions in the company. Spire Wealth Management raised its holdings in Sunrun by 960.0% during the second quarter. Spire Wealth Management now owns 5,300 shares of the energy company’s stock worth $43,000 after purchasing an additional 4,800 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its position in shares of Sunrun by 87.1% during the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 5,800 shares of the energy company’s stock valued at $47,000 after purchasing an additional 2,700 shares during the period. US Bancorp DE increased its position in shares of Sunrun by 107.6% during the 1st quarter. US Bancorp DE now owns 10,307 shares of the energy company’s stock valued at $60,000 after purchasing an additional 5,342 shares during the period. Signaturefd LLC raised its stake in shares of Sunrun by 436.4% in the 2nd quarter. Signaturefd LLC now owns 7,805 shares of the energy company’s stock worth $64,000 after buying an additional 6,350 shares in the last quarter. Finally, PharVision Advisers LLC acquired a new stake in shares of Sunrun in the first quarter valued at $69,000. 91.69% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on RUN shares. Deutsche Bank Aktiengesellschaft lifted their target price on Sunrun from $11.00 to $20.00 and gave the stock a “hold” rating in a report on Wednesday, October 1st. Morgan Stanley set a $20.00 target price on shares of Sunrun in a report on Thursday, October 16th. Guggenheim raised shares of Sunrun from a “neutral” rating to a “buy” rating and set a $27.00 target price for the company in a research note on Monday, November 10th. Jefferies Financial Group upgraded shares of Sunrun from a “hold” rating to a “buy” rating and lifted their price target for the stock from $11.00 to $21.00 in a research report on Wednesday, October 1st. Finally, Glj Research upgraded Sunrun from a “sell” rating to a “hold” rating in a research report on Friday, August 15th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $19.54.

Insider Activity

In other news, CEO Mary Powell sold 11,699 shares of the stock in a transaction that occurred on Monday, October 6th. The shares were sold at an average price of $19.34, for a total value of $226,258.66. Following the completion of the sale, the chief executive officer directly owned 876,590 shares of the company’s stock, valued at $16,953,250.60. This represents a 1.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Lynn Michelle Jurich sold 50,000 shares of the business’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $20.41, for a total transaction of $1,020,500.00. Following the transaction, the director directly owned 800,482 shares in the company, valued at $16,337,837.62. The trade was a 5.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 279,726 shares of company stock worth $5,399,270. Corporate insiders own 3.37% of the company’s stock.

Sunrun Trading Down 8.4%

NASDAQ RUN opened at $18.55 on Tuesday. The firm’s 50 day moving average price is $19.19 and its two-hundred day moving average price is $14.07. The company has a debt-to-equity ratio of 3.70, a quick ratio of 1.02 and a current ratio of 1.41. Sunrun Inc. has a twelve month low of $5.38 and a twelve month high of $22.44. The stock has a market cap of $4.30 billion, a price-to-earnings ratio of -1.60 and a beta of 2.35.

Sunrun (NASDAQ:RUN) last issued its earnings results on Thursday, November 6th. The energy company reported $0.06 EPS for the quarter, topping the consensus estimate of $0.01 by $0.05. Sunrun had a positive return on equity of 14.19% and a negative net margin of 120.59%.The business had revenue of $724.56 million during the quarter, compared to analysts’ expectations of $601.15 million. During the same quarter last year, the firm posted ($0.37) earnings per share. Sunrun’s revenue was up 34.9% compared to the same quarter last year. Equities analysts anticipate that Sunrun Inc. will post -0.43 EPS for the current year.

Sunrun Company 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.