Xponance Inc. Grows Holdings in Sunrun Inc. (NASDAQ:RUN)

Xponance Inc. lifted its position in shares of Sunrun Inc. (NASDAQ:RUN) by 13.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 16,265 shares of the energy company’s stock after buying an additional 1,895 shares during the quarter. Xponance Inc.’s holdings in Sunrun were worth $150,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of RUN. Erste Asset Management GmbH acquired a new stake in Sunrun in the 3rd quarter worth about $76,152,000. Clal Insurance Enterprises Holdings Ltd purchased a new position in shares of Sunrun during the 4th quarter worth about $18,500,000. FMR LLC boosted its position in shares of Sunrun by 83.6% in the third quarter. FMR LLC now owns 3,430,327 shares of the energy company’s stock worth $61,952,000 after acquiring an additional 1,562,163 shares during the last quarter. Assenagon Asset Management S.A. grew its holdings in Sunrun by 36.5% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,877,502 shares of the energy company’s stock valued at $17,367,000 after purchasing an additional 501,918 shares during the period. Finally, Sora Investors LLC acquired a new position in Sunrun during the third quarter worth approximately $8,127,000. Institutional investors and hedge funds own 91.69% of the company’s stock.

Sunrun Stock Down 1.2 %

RUN stock opened at $5.94 on Friday. 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 firm has a 50 day simple moving average of $7.89 and a 200-day simple moving average of $11.26. The company has a market capitalization of $1.34 billion, a P/E ratio of -3.26 and a beta of 2.84. Sunrun Inc. has a twelve month low of $5.91 and a twelve month high of $22.26.

Insider Buying and Selling at Sunrun

In related news, CRO Paul S. Dickson sold 2,968 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 transaction of $33,182.24. Following the sale, the executive now directly owns 418,492 shares of the company’s stock, valued at approximately $4,678,740.56. This represents a 0.70 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, 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 sale, the director now 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 disclosure for this sale can be found here. Insiders have sold 121,466 shares of company stock worth $1,136,397 in the last ninety days. 3.77% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on RUN. Jefferies Financial Group downgraded Sunrun from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $14.00 to $8.00 in a report on Wednesday, March 12th. Roth Capital set a $20.00 price target on Sunrun in a research note on Friday, February 28th. Wells Fargo & Company cut their price objective on Sunrun from $15.00 to $12.00 and set an “overweight” rating on the stock in a report on Wednesday, January 8th. TD Cowen decreased their target price on Sunrun from $18.00 to $14.00 and set a “buy” rating for the company in a report on Friday, February 28th. Finally, BNP Paribas upgraded shares of Sunrun from a “neutral” rating to an “outperform” rating and set a $16.00 price target on the stock in a report on Tuesday, January 7th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, Sunrun presently has a consensus rating of “Moderate Buy” and a consensus target price of $17.20.

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.