AlphaMark Advisors LLC Sells 1,950 Shares of Sunrun Inc. (NASDAQ:RUN)

AlphaMark Advisors LLC trimmed its position in shares of Sunrun Inc. (NASDAQ:RUN) by 34.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,665 shares of the energy company’s stock after selling 1,950 shares during the period. AlphaMark Advisors LLC’s holdings in Sunrun were worth $34,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of the company. Principal Financial Group Inc. lifted its stake in shares of Sunrun by 33.7% during the 3rd quarter. Principal Financial Group Inc. now owns 1,460,949 shares of the energy company’s stock valued at $26,385,000 after buying an additional 367,835 shares in the last quarter. Erste Asset Management GmbH purchased a new stake in shares of Sunrun during the third quarter worth $76,152,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its holdings in shares of Sunrun by 113.5% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 2,515,302 shares of the energy company’s stock worth $45,426,000 after acquiring an additional 1,337,302 shares during the period. Aigen Investment Management LP bought a new stake in shares of Sunrun during the 3rd quarter valued at $955,000. Finally, Assenagon Asset Management S.A. lifted its holdings in Sunrun by 207.3% during the 3rd quarter. Assenagon Asset Management S.A. now owns 1,375,584 shares of the energy company’s stock worth $24,843,000 after purchasing an additional 927,947 shares in the last quarter. 91.69% of the stock is owned by hedge funds and other institutional investors.

Sunrun Stock Performance

NASDAQ:RUN opened at $10.23 on Monday. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.15 and a current ratio of 1.47. Sunrun Inc. has a fifty-two week low of $8.22 and a fifty-two week high of $22.26. The business has a 50 day moving average price of $10.23 and a 200-day moving average price of $14.56. The firm has a market cap of $2.29 billion, a PE ratio of -5.62 and a beta of 2.58.

Sunrun (NASDAQ:RUN) last released its quarterly earnings data on Thursday, November 7th. The energy company reported ($0.37) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.21). The firm had revenue of $537.17 million during the quarter, compared to analysts’ expectations of $560.60 million. Sunrun had a negative net margin of 18.80% and a negative return on equity of 5.15%. During the same quarter in the previous year, the firm posted $0.40 EPS. Equities research analysts predict that Sunrun Inc. will post -0.41 earnings per share for the current year.

Insider Buying and Selling at Sunrun

In other Sunrun news, Director Lynn Michelle Jurich sold 50,000 shares of the company’s stock in a transaction on Friday, January 17th. The shares were sold at an average price of $9.59, for a total value of $479,500.00. Following the completion of the transaction, the director now directly owns 991,753 shares in the company, valued at approximately $9,510,911.27. This represents a 4.80 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CRO Paul S. Dickson sold 2,968 shares of Sunrun stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $11.18, for a total transaction of $33,182.24. Following the sale, the executive now directly owns 418,492 shares in the company, valued at $4,678,740.56. The trade was a 0.70 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 164,830 shares of company stock valued at $1,614,147 in the last 90 days. Insiders own 3.77% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. BMO Capital Markets reduced their target price on Sunrun from $20.00 to $11.00 and set a “market perform” rating for the company in a report on Monday, November 11th. JPMorgan Chase & Co. decreased their target price on shares of Sunrun from $22.00 to $18.00 and set an “overweight” rating on the stock in a report on Thursday. Jefferies Financial Group cut their price target on shares of Sunrun from $31.00 to $29.00 and set a “buy” rating for the company in a report on Thursday, October 10th. Piper Sandler cut shares of Sunrun from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $23.00 to $11.00 in a report on Friday, November 22nd. Finally, Oppenheimer dropped their price objective on Sunrun from $22.00 to $20.00 and set an “outperform” rating for the company in a research note on Friday, November 8th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $19.11.

About Sunrun

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.