Hexagon Capital Partners LLC Increases Position in Sunrun Inc. (NASDAQ:RUN)

Hexagon Capital Partners LLC raised its holdings in shares of Sunrun Inc. (NASDAQ:RUN) by 41.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,745 shares of the energy company’s stock after purchasing an additional 1,400 shares during the quarter. Hexagon Capital Partners LLC’s holdings in Sunrun were worth $93,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of RUN. C M Bidwell & Associates Ltd. increased its stake 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 worth $30,000 after buying an additional 2,211 shares during the last quarter. Fifth Third Bancorp lifted its holdings in Sunrun by 76.9% during the 4th quarter. Fifth Third Bancorp now owns 1,758 shares of the energy company’s stock worth $35,000 after buying an additional 764 shares during the last quarter. Versant Capital Management Inc grew its position in shares of Sunrun by 149.7% in the 4th quarter. Versant Capital Management Inc now owns 1,880 shares of the energy company’s stock worth $37,000 after acquiring an additional 1,127 shares in the last quarter. USCF Advisers LLC grew its position in shares of Sunrun by 130.0% in the 4th quarter. USCF Advisers LLC now owns 2,300 shares of the energy company’s stock worth $45,000 after acquiring an additional 1,300 shares in the last quarter. Finally, NBC Securities Inc. bought a new stake in shares of Sunrun in the 3rd quarter valued at approximately $53,000. 91.69% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Sunrun

In other Sunrun news, Director Lynn Michelle Jurich sold 4,830 shares of the business’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $12.12, for a total value of $58,539.60. Following the sale, the director now directly owns 1,403,915 shares in the company, valued at $17,015,449.80. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, Director Edward Harris Fenster sold 172,920 shares of the business’s stock in a transaction on Thursday, April 11th. The stock was sold at an average price of $11.95, for a total transaction of $2,066,394.00. Following the sale, the director now directly owns 1,261,317 shares of the company’s stock, valued at $15,072,738.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Lynn Michelle Jurich sold 4,830 shares of the stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $12.12, for a total value of $58,539.60. Following the completion of the transaction, the director now owns 1,403,915 shares of the company’s stock, valued at approximately $17,015,449.80. The disclosure for this sale can be found here. In the last ninety days, insiders sold 301,760 shares of company stock valued at $3,615,990. 3.76% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts recently issued reports on RUN shares. Susquehanna restated a “positive” rating and set a $25.00 price objective on shares of Sunrun in a research note on Friday, April 5th. The Goldman Sachs Group raised their price target on shares of Sunrun from $20.00 to $21.00 and gave the stock a “buy” rating in a research report on Thursday, February 22nd. Mizuho lowered their price objective on shares of Sunrun from $28.00 to $23.00 and set a “buy” rating for the company in a research report on Friday, April 19th. Royal Bank of Canada cut their target price 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. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $19.00 target price on shares of Sunrun in a report on Thursday, February 22nd. Seven research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $21.26.

Sunrun Stock Down 2.1 %

Shares of RUN opened at $10.07 on Thursday. The stock’s fifty day moving average is $11.49 and its 200-day moving average is $13.15. Sunrun Inc. has a one year low of $8.43 and a one year 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) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by ($1.20). The company had revenue of $516.59 million for the quarter, compared to the consensus estimate of $499.74 million. Sunrun had a negative return on equity of 5.58% and a negative net margin of 71.00%. Analysts forecast that Sunrun Inc. will post -1.69 EPS for the current year.

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.