Guggenheim Capital LLC Buys 1,749 Shares of Sunrun Inc. (NASDAQ:RUN)

Guggenheim Capital LLC boosted its stake in shares of Sunrun Inc. (NASDAQ:RUN) by 6.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 27,321 shares of the energy company’s stock after acquiring an additional 1,749 shares during the period. Guggenheim Capital LLC’s holdings in Sunrun were worth $253,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Aster Capital Management DIFC Ltd bought a new position in shares of Sunrun in the 4th quarter valued at $29,000. Newbridge Financial Services Group Inc. grew its position in Sunrun by 133.3% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 3,500 shares of the energy company’s stock worth $32,000 after acquiring an additional 2,000 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Sunrun during the 3rd quarter worth about $44,000. Summit Securities Group LLC acquired a new position in Sunrun during the 4th quarter worth about $53,000. Finally, Union Bancaire Privee UBP SA acquired a new position in Sunrun during the 4th quarter worth about $56,000. Institutional investors own 91.69% of the company’s stock.

Sunrun Price Performance

Shares of NASDAQ:RUN opened at $7.50 on Tuesday. The stock’s fifty day simple moving average is $6.81 and its two-hundred day simple moving average is $9.41. The company has a current ratio of 1.47, a quick ratio of 1.15 and a debt-to-equity ratio of 1.92. The stock has a market cap of $1.70 billion, a PE ratio of -4.12 and a beta of 2.74. Sunrun Inc. has a 1-year low of $5.45 and a 1-year high of $22.26.

Insiders Place Their Bets

In other Sunrun news, insider Jeanna Steele sold 9,942 shares of the stock in a transaction on Monday, April 7th. The stock was sold at an average price of $6.74, for a total transaction of $67,009.08. Following the completion of the transaction, the insider now directly owns 291,238 shares of the company’s stock, valued at approximately $1,962,944.12. This represents a 3.30 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CRO Paul S. Dickson sold 19,343 shares of the firm’s stock in a transaction on Monday, April 7th. The stock was sold at an average price of $6.74, for a total value of $130,371.82. Following the completion of the transaction, the executive now directly owns 399,729 shares of the company’s stock, valued at $2,694,173.46. The trade was a 4.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 138,540 shares of company stock valued at $1,050,944. Company insiders own 3.77% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on RUN shares. UBS Group cut their target price on Sunrun from $17.00 to $15.00 and set a “buy” rating on the stock in a report on Tuesday, March 4th. Susquehanna cut their target price on Sunrun from $13.00 to $10.00 and set a “positive” rating on the stock in a report on Monday, April 14th. BMO Capital Markets cut their target price on Sunrun from $11.00 to $9.00 and set a “market perform” rating on the stock in a report on Monday, March 3rd. Barclays dropped their price objective on Sunrun from $18.00 to $15.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 28th. Finally, Jefferies Financial Group downgraded Sunrun from a “buy” rating to a “hold” rating and dropped their price objective for the company from $14.00 to $8.00 in a research note on Wednesday, March 12th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, Sunrun has an average rating of “Hold” and a consensus target price of $14.92.

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.