Ridgecrest Wealth Partners LLC Buys 7,929 Shares of Sunrun Inc. (NASDAQ:RUN)

Ridgecrest Wealth Partners LLC increased its stake in shares of Sunrun Inc. (NASDAQ:RUN) by 11.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 80,000 shares of the energy company’s stock after buying an additional 7,929 shares during the period. Ridgecrest Wealth Partners LLC’s holdings in Sunrun were worth $740,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. International Assets Investment Management LLC increased its position in Sunrun by 1,706.3% during the 3rd quarter. International Assets Investment Management LLC now owns 1,734 shares of the energy company’s stock worth $31,000 after buying an additional 1,638 shares during the period. Blue Trust Inc. grew its stake in shares of Sunrun by 385.5% in the third quarter. Blue Trust Inc. now owns 1,845 shares of the energy company’s stock valued at $33,000 after acquiring an additional 1,465 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in Sunrun during the third quarter worth about $44,000. Union Bancaire Privee UBP SA acquired a new stake in Sunrun in the 4th quarter worth about $56,000. Finally, Wealth Enhancement Advisory Services LLC bought a new stake in Sunrun in the 4th quarter valued at about $94,000. Institutional investors own 91.69% of the company’s stock.

Sunrun Price Performance

NASDAQ:RUN opened at $10.23 on Monday. The stock’s 50-day moving average is $10.23 and its 200-day moving average is $14.56. Sunrun Inc. has a 1-year low of $8.22 and a 1-year high of $22.26. 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 (NASDAQ:RUN) last announced its quarterly earnings results on Thursday, November 7th. The energy company reported ($0.37) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.16) by ($0.21). The business had revenue of $537.17 million during the quarter, compared to analyst estimates 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 last year, the company posted $0.40 earnings per share. Sell-side analysts expect that Sunrun Inc. will post -0.41 earnings per share for the current year.

Insider Buying and Selling

In other news, CEO Mary Powell sold 4,350 shares of Sunrun stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $11.18, for a total value of $48,633.00. Following the completion of the transaction, the chief executive officer now directly owns 560,321 shares of the company’s stock, valued at approximately $6,264,388.78. This trade represents a 0.77 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Lynn Michelle Jurich sold 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 19th. The stock was sold at an average price of $9.42, for a total value of $471,000.00. Following the sale, the director now directly owns 1,041,753 shares of the company’s stock, valued at $9,813,313.26. This represents a 4.58 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 164,830 shares of company stock valued at $1,614,147 in the last three months. Insiders own 3.77% of the company’s stock.

Wall Street Analyst Weigh In

RUN has been the subject of a number of analyst reports. Jefferies Financial Group dropped their price target on shares of Sunrun from $31.00 to $29.00 and set a “buy” rating for the company in a research report on Thursday, October 10th. StockNews.com upgraded Sunrun to a “sell” rating in a research note on Friday, December 20th. UBS Group upgraded Sunrun from a “neutral” rating to a “buy” rating and upped their target price for the company from $14.00 to $17.00 in a research report on Friday, January 10th. Susquehanna decreased their price target on Sunrun from $24.00 to $23.00 and set a “positive” rating on the stock in a research report on Wednesday, October 16th. Finally, Barclays cut their price objective on shares of Sunrun from $19.00 to $18.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 16th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price 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.