Clal Insurance Enterprises Holdings Ltd Buys Shares of 2,000,000 Sunrun Inc. (NASDAQ:RUN)

Clal Insurance Enterprises Holdings Ltd purchased a new stake in shares of Sunrun Inc. (NASDAQ:RUN - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,000,000 shares of the energy company's stock, valued at approximately $18,500,000. Clal Insurance Enterprises Holdings Ltd owned 0.89% of Sunrun as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently modified their holdings of the business. Norden Group LLC increased its holdings in shares of Sunrun by 11.8% during the fourth quarter. Norden Group LLC now owns 192,326 shares of the energy company's stock valued at $1,779,000 after purchasing an additional 20,323 shares during the period. Illinois Municipal Retirement Fund acquired a new position in shares of Sunrun during the fourth quarter valued at $1,209,000. RWC Asset Management LLP increased its holdings in shares of Sunrun by 103.7% during the fourth quarter. RWC Asset Management LLP now owns 492,403 shares of the energy company's stock valued at $4,555,000 after purchasing an additional 250,714 shares during the period. Union Bancaire Privee UBP SA bought a new position in Sunrun during the fourth quarter valued at about $56,000. Finally, CIBC Asset Management Inc boosted its stake in Sunrun by 5.8% during the fourth quarter. CIBC Asset Management Inc now owns 24,774 shares of the energy company's stock valued at $229,000 after buying an additional 1,360 shares in the last quarter. 91.69% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently weighed in on RUN shares. Wells Fargo & Company decreased their target price on Sunrun from $15.00 to $12.00 and set an "overweight" rating for the company in a research note on Wednesday, January 8th. StockNews.com raised Sunrun to a "sell" rating in a research note on Friday, December 20th. Jefferies Financial Group decreased their target price on Sunrun from $19.00 to $17.00 and set a "buy" rating for the company in a research note on Tuesday, January 28th. Roth Mkm decreased their target price on Sunrun from $35.00 to $30.00 and set a "buy" rating for the company in a research note on Friday, November 8th. Finally, BNP Paribas raised Sunrun from a "neutral" rating to an "outperform" rating and set a $16.00 target price for the company in a research note on Tuesday, January 7th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and fourteen have given a buy rating to the company's stock. According to data from MarketBeat.com, Sunrun presently has a consensus rating of "Moderate Buy" and a consensus target price of $17.61.

Sunrun Stock Performance

Shares of NASDAQ:RUN traded down $1.11 during trading on Monday, hitting $6.15. 14,983,420 shares of the stock were exchanged, compared to its average volume of 10,372,874. Sunrun Inc. has a 1-year low of $6.28 and a 1-year high of $22.26. The company has a market capitalization of $1.38 billion, a price-to-earnings ratio of -3.38 and a beta of 2.59. The company's fifty day simple moving average is $9.28 and its 200-day simple moving average is $13.04. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.15 and a current ratio of 1.47.

Insider Transactions at Sunrun

In related news, CRO Paul S. Dickson sold 2,968 shares of the business's stock in a transaction on Monday, January 6th. The stock was sold at an average price of $11.18, for a total value of $33,182.24. Following the sale, the executive now owns 418,492 shares of the company's stock, valued at $4,678,740.56. The trade was a 0.70 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Danny Abajian sold 3,734 shares of the business's stock in a transaction on Monday, January 6th. The shares were sold at an average price of $11.18, for a total value of $41,746.12. Following the completion of the sale, the chief financial officer now directly owns 257,969 shares in the company, valued at approximately $2,884,093.42. This represents a 1.43 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 163,064 shares of company stock valued at $1,551,556. 3.77% of the stock is owned by corporate insiders.

Sunrun 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.