Jump Financial LLC Increases Stake in Sunrun Inc. (NASDAQ:RUN)

Jump Financial LLC boosted its holdings in shares of Sunrun Inc. (NASDAQ:RUN - Free Report) by 128.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 574,906 shares of the energy company's stock after purchasing an additional 323,060 shares during the period. Jump Financial LLC owned about 0.26% of Sunrun worth $5,318,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in RUN. Norges Bank acquired a new position in shares of Sunrun in the 4th quarter valued at $31,022,000. Clal Insurance Enterprises Holdings Ltd acquired a new position in Sunrun during the fourth quarter valued at approximately $18,500,000. Invesco Ltd. grew its stake in shares of Sunrun by 20.8% in the fourth quarter. Invesco Ltd. now owns 6,008,879 shares of the energy company's stock valued at $55,582,000 after buying an additional 1,035,096 shares in the last quarter. EVR Research LP acquired a new position in shares of Sunrun during the 4th quarter worth about $7,400,000. Finally, Erste Asset Management GmbH increased its position in Sunrun by 16.3% during the fourth quarter. Erste Asset Management GmbH now owns 4,789,213 shares of the energy company's stock worth $47,302,000 after buying an additional 672,049 shares during the last quarter. 91.69% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Sunrun news, Director Lynn Michelle Jurich sold 50,000 shares of Sunrun stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $9.10, for a total transaction of $455,000.00. Following the transaction, the director now owns 941,753 shares of the company's stock, valued at $8,569,952.30. This trade represents a 5.04 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Edward Harris Fenster acquired 150,000 shares of Sunrun stock in a transaction on Monday, March 3rd. The stock was acquired at an average price of $6.80 per share, with a total value of $1,020,000.00. Following the purchase, the director now directly owns 1,358,182 shares in the company, valued at approximately $9,235,637.60. This trade represents a 12.42 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold 138,540 shares of company stock worth $1,050,944 over the last 90 days. 3.77% of the stock is currently owned by corporate insiders.

Sunrun Stock Up 7.6 %

Shares of Sunrun stock traded up $0.50 during trading hours on Tuesday, reaching $7.07. The company's stock had a trading volume of 3,191,186 shares, compared to its average volume of 10,694,160. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.15 and a current ratio of 1.47. Sunrun Inc. has a one year low of $5.45 and a one year high of $22.26. The company has a market capitalization of $1.60 billion, a P/E ratio of -3.89 and a beta of 2.74. The stock's fifty day simple moving average is $6.97 and its two-hundred day simple moving average is $9.73.

Analysts Set New Price Targets

Several research firms recently commented on RUN. UBS Group decreased their price target on shares of Sunrun from $17.00 to $15.00 and set a "buy" rating on the stock in a research note on Tuesday, March 4th. BMO Capital Markets dropped their price objective on Sunrun from $11.00 to $9.00 and set a "market perform" rating for the company in a report on Monday, March 3rd. Citigroup reissued a "neutral" rating and set a $7.00 target price on shares of Sunrun in a report on Thursday, April 17th. Roth Capital set a $20.00 price objective on shares of Sunrun in a research report on Friday, February 28th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Sunrun from $22.00 to $18.00 and set an "overweight" rating on the stock in a research note on Thursday, January 23rd. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $15.68.

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.