KLP Kapitalforvaltning AS Purchases New Position in Sunrun Inc. (NASDAQ:RUN)

KLP Kapitalforvaltning AS bought a new stake in Sunrun Inc. (NASDAQ:RUN - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 43,500 shares of the energy company's stock, valued at approximately $402,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of RUN. Sei Investments Co. raised its position in Sunrun by 11.4% in the fourth quarter. Sei Investments Co. now owns 47,003 shares of the energy company's stock worth $435,000 after purchasing an additional 4,817 shares in the last quarter. American Century Companies Inc. lifted its position in shares of Sunrun by 240.2% during the 4th quarter. American Century Companies Inc. now owns 159,189 shares of the energy company's stock worth $1,472,000 after buying an additional 112,402 shares during the period. Quantbot Technologies LP boosted its stake in Sunrun by 2.2% in the 4th quarter. Quantbot Technologies LP now owns 252,390 shares of the energy company's stock valued at $2,335,000 after buying an additional 5,497 shares in the last quarter. Semanteon Capital Management LP bought a new stake in Sunrun in the fourth quarter valued at $1,450,000. Finally, Blueshift Asset Management LLC raised its stake in Sunrun by 20.4% during the fourth quarter. Blueshift Asset Management LLC now owns 61,272 shares of the energy company's stock worth $567,000 after acquiring an additional 10,396 shares in the last quarter. 91.69% of the stock is owned by institutional investors.

Sunrun Trading Up 13.6 %

Shares of NASDAQ:RUN traded up $0.77 during mid-day trading on Wednesday, reaching $6.43. The stock had a trading volume of 20,341,528 shares, compared to its average volume of 10,785,819. Sunrun Inc. has a twelve month low of $5.45 and a twelve month high of $22.26. The firm has a market cap of $1.45 billion, a PE ratio of -3.53 and a beta of 2.74. 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 $7.28 and a two-hundred day simple moving average of $10.41.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on RUN shares. JPMorgan Chase & Co. dropped their target price on shares of Sunrun from $22.00 to $18.00 and set an "overweight" rating for the company in a research report on Thursday, January 23rd. Royal Bank of Canada dropped their price objective on shares of Sunrun from $17.00 to $14.00 and set an "outperform" rating for the company in a report on Monday, March 3rd. BMO Capital Markets decreased their price target on Sunrun from $11.00 to $9.00 and set a "market perform" rating on the stock in a research report on Monday, March 3rd. The Goldman Sachs Group cut their price objective on Sunrun from $17.00 to $15.00 and set a "buy" rating for the company in a research report on Monday, March 3rd. Finally, StockNews.com raised Sunrun to a "sell" rating in a report on Friday, December 20th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Sunrun presently has an average rating of "Moderate Buy" and a consensus price target of $17.20.

Insider Buying and Selling

In other Sunrun news, insider Jeanna Steele sold 9,942 shares of the firm's stock in a transaction that occurred on Monday, April 7th. The shares were sold at an average price of $6.74, for a total transaction of $67,009.08. Following the sale, the insider now directly owns 291,238 shares in the company, valued at approximately $1,962,944.12. This trade represents a 3.30 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CRO Paul S. Dickson sold 19,343 shares of the company's stock in a transaction that occurred on 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 owns 399,729 shares of the company's stock, valued at $2,694,173.46. This trade represents a 4.62 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 188,540 shares of company stock valued at $1,530,444. 3.77% of the stock is owned by company 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.