Sunrun Inc. (NASDAQ:RUN) Shares Sold by Ballentine Partners LLC

Ballentine Partners LLC trimmed its holdings in Sunrun Inc. (NASDAQ:RUN) by 67.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,354 shares of the energy company’s stock after selling 21,403 shares during the quarter. Ballentine Partners LLC’s holdings in Sunrun were worth $96,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. International Assets Investment Management LLC raised its holdings in Sunrun by 1,706.3% during the third quarter. International Assets Investment Management LLC now owns 1,734 shares of the energy company’s stock worth $31,000 after purchasing an additional 1,638 shares in the last quarter. Blue Trust Inc. lifted its holdings in Sunrun by 385.5% in the 3rd quarter. Blue Trust Inc. now owns 1,845 shares of the energy company’s stock valued at $33,000 after purchasing an additional 1,465 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Sunrun during the third quarter worth $44,000. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Sunrun during the 4th quarter worth about $94,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Sunrun during the 2nd quarter valued at $104,000. Hedge funds and other institutional investors own 91.69% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Jefferies Financial Group cut their price objective on Sunrun from $31.00 to $29.00 and set a “buy” rating on the stock in a research report on Thursday, October 10th. Morgan Stanley decreased their price objective on shares of Sunrun from $35.00 to $27.00 and set an “overweight” rating for the company in a report on Friday, November 15th. Oppenheimer dropped their target price on Sunrun from $22.00 to $20.00 and set an “outperform” rating on the stock in a research report on Friday, November 8th. Glj Research reissued a “sell” rating and issued a $7.78 price target on shares of Sunrun in a research note on Thursday, November 7th. Finally, The Goldman Sachs Group lowered their price target on Sunrun from $19.00 to $17.00 and set a “buy” rating on the stock in a research report on Tuesday, December 17th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $19.11.

Insiders Place Their Bets

In other Sunrun news, CEO Mary Powell sold 4,350 shares of the company’s stock in a transaction that occurred on 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 owns 560,321 shares of the company’s stock, valued at $6,264,388.78. This represents a 0.77 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Lynn Michelle Jurich sold 50,000 shares of the business’s stock in a transaction on Thursday, December 19th. The shares were sold at an average price of $9.42, for a total transaction of $471,000.00. Following the completion of the sale, the director now directly owns 1,041,753 shares in the company, valued at $9,813,313.26. This trade 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 quarter. Insiders own 3.77% of the company’s stock.

Sunrun Stock Performance

Shares of NASDAQ RUN opened at $10.23 on Monday. The business’s 50-day moving average price is $10.23 and its two-hundred day moving average price is $14.56. Sunrun Inc. has a one year low of $8.22 and a one year high of $22.26. The company has a market capitalization of $2.29 billion, a P/E ratio of -5.62 and a beta of 2.58. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.47 and a quick ratio of 1.15.

Sunrun (NASDAQ:RUN) last posted its earnings results on Thursday, November 7th. The energy company reported ($0.37) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.21). The company had revenue of $537.17 million for the quarter, compared to the consensus estimate 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 business earned $0.40 earnings per share. Analysts anticipate that Sunrun Inc. will post -0.41 earnings per share for the current fiscal year.

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.