Charles Schwab Investment Management Inc. raised its stake in Sunrun Inc. (NASDAQ:RUN - Free Report) by 7.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,325,562 shares of the energy company's stock after acquiring an additional 155,311 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.04% of Sunrun worth $21,511,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Erste Asset Management GmbH bought a new stake in shares of Sunrun in the 3rd quarter worth about $76,152,000. Clal Insurance Enterprises Holdings Ltd bought a new stake in shares of Sunrun in the 4th quarter worth about $18,500,000. FMR LLC increased its holdings in shares of Sunrun by 83.6% in the 3rd quarter. FMR LLC now owns 3,430,327 shares of the energy company's stock worth $61,952,000 after buying an additional 1,562,163 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its holdings in shares of Sunrun by 113.5% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 2,515,302 shares of the energy company's stock worth $45,426,000 after buying an additional 1,337,302 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its holdings in shares of Sunrun by 36.5% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,877,502 shares of the energy company's stock worth $17,367,000 after buying an additional 501,918 shares during the last quarter. 91.69% of the stock is currently owned by institutional investors.
Sunrun Stock Down 1.8 %
Shares of RUN traded down $0.12 during mid-day trading on Friday, hitting $6.59. The company's stock had a trading volume of 14,121,308 shares, compared to its average volume of 10,660,675. The company's 50-day moving average is $8.23 and its 200-day moving average is $11.73. Sunrun Inc. has a 52-week low of $5.93 and a 52-week high of $22.26. The firm has a market capitalization of $1.49 billion, a price-to-earnings ratio of -3.62 and a beta of 2.84. The company has a current ratio of 1.47, a quick ratio of 1.15 and a debt-to-equity ratio of 1.92.
Insider Transactions at Sunrun
In related news, CFO Danny Abajian sold 3,734 shares of the business's stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $11.18, for a total transaction of $41,746.12. Following the completion of the transaction, the chief financial officer now owns 257,969 shares in the company, valued at $2,884,093.42. The trade was a 1.43 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CRO Paul S. Dickson sold 2,968 shares of the business'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 transaction, the executive now owns 418,492 shares of the company's stock, valued at approximately $4,678,740.56. This trade represents a 0.70 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 121,466 shares of company stock valued at $1,136,397. Company insiders own 3.77% of the company's stock.
Analysts Set New Price Targets
A number of analysts have recently weighed in on the stock. StockNews.com upgraded shares of Sunrun to a "sell" rating in a report on Friday, December 20th. The Goldman Sachs Group dropped their price target on shares of Sunrun from $17.00 to $15.00 and set a "buy" rating for the company in a research note on Monday, March 3rd. Jefferies Financial Group cut shares of Sunrun from a "buy" rating to a "hold" rating and dropped their price target for the stock from $14.00 to $8.00 in a research note on Wednesday, March 12th. JPMorgan Chase & Co. dropped their price target on shares of Sunrun from $22.00 to $18.00 and set an "overweight" rating for the company in a research note on Thursday, January 23rd. Finally, Royal Bank of Canada dropped their price target on shares of Sunrun from $17.00 to $14.00 and set an "outperform" rating for the company in a research note on Monday, March 3rd. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, Sunrun has an average rating of "Moderate Buy" and an average target price of $17.20.
View Our Latest Stock Analysis on RUN
Sunrun Company Profile
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Free Report)
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.
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