KBC Group NV Sells 75,455 Shares of Sunrun Inc. (NASDAQ:RUN)

KBC Group NV lessened its stake in shares of Sunrun Inc. (NASDAQ:RUN - Free Report) by 24.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 236,843 shares of the energy company's stock after selling 75,455 shares during the period. KBC Group NV owned about 0.11% of Sunrun worth $4,277,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Victory Capital Management Inc. boosted its stake in Sunrun by 1.5% in the 2nd quarter. Victory Capital Management Inc. now owns 45,374 shares of the energy company's stock valued at $538,000 after purchasing an additional 691 shares during the period. Creative Planning raised its stake in Sunrun by 0.3% in the 3rd quarter. Creative Planning now owns 290,259 shares of the energy company's stock worth $5,242,000 after purchasing an additional 784 shares in the last quarter. Van ECK Associates Corp grew its position in shares of Sunrun by 1.8% during the 3rd quarter. Van ECK Associates Corp now owns 50,105 shares of the energy company's stock worth $905,000 after purchasing an additional 886 shares in the last quarter. Crossmark Global Holdings Inc. increased its holdings in shares of Sunrun by 6.0% during the second quarter. Crossmark Global Holdings Inc. now owns 15,690 shares of the energy company's stock worth $186,000 after purchasing an additional 895 shares during the period. Finally, &PARTNERS increased its stake in Sunrun by 1.6% during the 2nd quarter. &PARTNERS now owns 63,244 shares of the energy company's stock worth $698,000 after acquiring an additional 1,019 shares during the period. 91.69% of the stock is owned by institutional investors and hedge funds.

Sunrun Trading Up 0.8 %

Shares of NASDAQ:RUN traded up $0.08 on Monday, reaching $9.97. 7,888,851 shares of the company traded hands, compared to its average volume of 12,042,769. The company has a current ratio of 1.47, a quick ratio of 1.15 and a debt-to-equity ratio of 1.92. Sunrun Inc. has a 52 week low of $9.23 and a 52 week high of $22.26. The business's 50-day simple moving average is $15.70 and its 200 day simple moving average is $15.47. The stock has a market capitalization of $2.24 billion, a P/E ratio of -5.43 and a beta of 2.61.

Insider Activity

In other news, Director Lynn Michelle Jurich sold 50,000 shares of the firm's stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $20.20, for a total value of $1,010,000.00. Following the completion of the transaction, the director now owns 1,192,446 shares in the company, valued at $24,087,409.20. This trade represents a 4.02 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Danny Abajian sold 9,694 shares of the company's stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $19.75, for a total value of $191,456.50. Following the completion of the sale, the chief financial officer now directly owns 278,260 shares in the company, valued at approximately $5,495,635. The trade was a 3.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 146,795 shares of company stock valued at $2,574,225. Company insiders own 3.77% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. BMO Capital Markets reduced their price objective on Sunrun from $20.00 to $11.00 and set a "market perform" rating on the stock in a research report on Monday, November 11th. The Goldman Sachs Group reiterated a "buy" rating and set a $20.00 price target on shares of Sunrun in a report on Wednesday, September 25th. UBS Group raised their target price on Sunrun from $14.00 to $18.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 7th. Jefferies Financial Group decreased their price target on Sunrun from $31.00 to $29.00 and set a "buy" rating for the company in a research note on Thursday, October 10th. Finally, BNP Paribas downgraded shares of Sunrun from an "outperform" rating to a "neutral" rating and set a $14.00 price target on the stock. in a research report on Friday, November 8th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $20.12.

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.