Scotia Capital Inc. Buys 2,157 Shares of Sunrun Inc. (NASDAQ:RUN)

Scotia Capital Inc. lifted its stake in shares of Sunrun Inc. (NASDAQ:RUN) by 17.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 14,377 shares of the energy company’s stock after purchasing an additional 2,157 shares during the quarter. Scotia Capital Inc.’s holdings in Sunrun were worth $133,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. MML Investors Services LLC increased its position in shares of Sunrun by 9.3% during the third quarter. MML Investors Services LLC now owns 43,313 shares of the energy company’s stock valued at $782,000 after buying an additional 3,689 shares during the period. Geode Capital Management LLC lifted its stake in Sunrun by 0.6% in the 3rd quarter. Geode Capital Management LLC now owns 5,315,667 shares of the energy company’s stock worth $96,019,000 after purchasing an additional 30,549 shares in the last quarter. Virtu Financial LLC bought a new position in Sunrun in the 3rd quarter valued at $482,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Sunrun during the 3rd quarter valued at $44,000. Finally, Franklin Resources Inc. purchased a new position in shares of Sunrun during the 3rd quarter valued at $896,000. Hedge funds and other institutional investors own 91.69% of the company’s stock.

Insider Activity at Sunrun

In other Sunrun news, Director Lynn Michelle Jurich sold 50,000 shares of the business’s stock in a transaction on Friday, January 17th. The shares were sold at an average price of $9.59, for a total transaction of $479,500.00. Following the transaction, the director now directly owns 991,753 shares of the company’s stock, valued at approximately $9,510,911.27. The trade was 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, CFO Danny Abajian sold 16,927 shares of the firm’s stock in a transaction dated Monday, April 7th. The stock was sold at an average price of $6.74, for a total transaction of $114,087.98. Following the completion of the sale, the chief financial officer now directly owns 231,279 shares of the company’s stock, valued at approximately $1,558,820.46. This represents a 6.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 188,540 shares of company stock worth $1,530,444 in the last 90 days. Company insiders own 3.77% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on RUN. StockNews.com upgraded Sunrun to a “sell” rating in a research report on Friday, December 20th. Wells Fargo & Company dropped their price target on Sunrun from $15.00 to $12.00 and set an “overweight” rating for the company in a research report on Wednesday, January 8th. The Goldman Sachs Group decreased their price objective on shares of Sunrun from $17.00 to $15.00 and set a “buy” rating on the stock in a research report on Monday, March 3rd. Barclays dropped their target price on shares of Sunrun from $18.00 to $15.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 28th. Finally, UBS Group decreased their price target on shares of Sunrun from $17.00 to $15.00 and set a “buy” rating on the stock in a report on Tuesday, March 4th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, Sunrun currently has an average rating of “Moderate Buy” and a consensus target price of $16.58.

Sunrun Price Performance

RUN stock opened at $6.71 on Wednesday. The stock has a market capitalization of $1.52 billion, a price-to-earnings ratio of -3.69 and a beta of 2.74. The firm’s 50-day moving average price is $7.10 and its two-hundred day moving average price is $10.07. The company has a current ratio of 1.47, a quick ratio of 1.15 and a debt-to-equity ratio of 1.92. Sunrun Inc. has a 12-month low of $5.45 and a 12-month high of $22.26.

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.