Caxton Associates LP Purchases 64,874 Shares of Sunrun Inc. (NASDAQ:RUN)

Caxton Associates LP grew its position in Sunrun Inc. (NASDAQ:RUN - Free Report) by 95.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 132,750 shares of the energy company's stock after purchasing an additional 64,874 shares during the period. Caxton Associates LP owned about 0.06% of Sunrun worth $1,228,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in RUN. Aster Capital Management DIFC Ltd bought a new position in shares of Sunrun in the fourth quarter valued at about $29,000. Newbridge Financial Services Group Inc. raised its stake in shares of Sunrun by 133.3% in the fourth 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 shares of Sunrun during the third quarter worth approximately $44,000. Summit Securities Group LLC bought a new stake in shares of Sunrun during the fourth quarter valued at approximately $53,000. Finally, Union Bancaire Privee UBP SA acquired a new stake in shares of Sunrun in the fourth quarter valued at approximately $56,000. Institutional investors own 91.69% of the company's stock.

Sunrun Stock Up 10.4 %

Shares of NASDAQ RUN traded up $0.88 during mid-day trading on Friday, hitting $9.38. The company had a trading volume of 29,788,674 shares, compared to its average volume of 10,807,223. The firm has a 50-day simple moving average of $6.77 and a two-hundred day simple moving average of $9.01. Sunrun Inc. has a one year low of $5.45 and a one year high of $22.26. 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 company has a market capitalization of $2.14 billion, a PE ratio of -5.15 and a beta of 2.66.

Sunrun (NASDAQ:RUN - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The energy company reported $0.20 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.22) by $0.42. Sunrun had a negative return on equity of 5.15% and a negative net margin of 18.80%. The company had revenue of $504.27 million for the quarter, compared to analysts' expectations of $487.29 million. During the same quarter in the prior year, the business posted ($0.40) EPS. The business's revenue was up 10.1% compared to the same quarter last year. On average, equities analysts expect that Sunrun Inc. will post -0.43 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Jefferies Financial Group cut Sunrun from a "buy" rating to a "hold" rating and lowered their target price for the company from $14.00 to $8.00 in a research note on Wednesday, March 12th. UBS Group reduced their target price on shares of Sunrun from $17.00 to $15.00 and set a "buy" rating on the stock in a research note on Tuesday, March 4th. Susquehanna dropped their price target on shares of Sunrun from $13.00 to $10.00 and set a "positive" rating for the company in a research note on Monday, April 14th. Barclays lowered their target price on shares of Sunrun from $18.00 to $15.00 and set an "equal weight" rating for the company in a report on Tuesday, January 28th. Finally, StockNews.com raised Sunrun to a "sell" rating in a research note on Thursday. Two analysts have rated the stock with a sell rating, nine have given a hold rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat.com, Sunrun presently has a consensus rating of "Hold" and an average price target of $14.82.

Insiders Place Their Bets

In related news, Director Lynn Michelle Jurich sold 50,000 shares of Sunrun stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $9.10, for a total transaction of $455,000.00. Following the completion of the sale, the director now owns 941,753 shares of the company's stock, valued at approximately $8,569,952.30. The trade was a 5.04 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CRO Paul S. Dickson sold 19,343 shares of the stock in a transaction dated Monday, April 7th. The shares were sold at an average price of $6.74, for a total transaction of $130,371.82. Following the completion of the transaction, the executive now directly owns 399,729 shares in the company, valued at approximately $2,694,173.46. This represents a 4.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 138,540 shares of company stock valued at $1,050,944. 3.77% of the stock is currently owned by corporate insiders.

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.