Marshall Wace LLP Buys 381,593 Shares of Sunrun Inc. (NASDAQ:RUN)

Marshall Wace LLP lifted its stake in shares of Sunrun Inc. (NASDAQ:RUN - Free Report) by 186.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 585,844 shares of the energy company's stock after acquiring an additional 381,593 shares during the quarter. Marshall Wace LLP owned approximately 0.26% of Sunrun worth $5,419,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Norges Bank purchased a new stake in Sunrun in the 4th quarter valued at $31,022,000. Clal Insurance Enterprises Holdings Ltd bought a new position in shares of Sunrun during the fourth quarter valued at about $18,500,000. Invesco Ltd. boosted its holdings in Sunrun by 20.8% during the fourth quarter. Invesco Ltd. now owns 6,008,879 shares of the energy company's stock worth $55,582,000 after purchasing an additional 1,035,096 shares during the last quarter. EVR Research LP bought a new stake in Sunrun in the 4th quarter worth about $7,400,000. Finally, Erste Asset Management GmbH lifted its position in shares of Sunrun by 16.3% during the 4th 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 in the last quarter. 91.69% of the stock is owned by institutional investors.

Sunrun Trading Up 0.9 %

Shares of NASDAQ:RUN traded up $0.07 during trading on Monday, reaching $7.46. 5,455,414 shares of the company traded hands, compared to its average volume of 10,715,035. 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 $5.45 and a 52-week high of $22.26. The firm has a market capitalization of $1.69 billion, a price-to-earnings ratio of -4.10 and a beta of 2.74. The business's fifty day moving average is $6.83 and its 200-day moving average is $9.47.

Insiders Place Their Bets

In related news, CFO Danny Abajian sold 16,927 shares of the firm's stock in a transaction on Monday, April 7th. The stock was sold at an average price of $6.74, for a total value of $114,087.98. Following the completion of the sale, the chief financial officer now owns 231,279 shares of the company's stock, valued at $1,558,820.46. This trade represents a 6.82 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Mary Powell sold 31,197 shares of Sunrun stock in a transaction that occurred on Monday, April 7th. The shares were sold at an average price of $6.74, for a total value of $210,267.78. Following the sale, the chief executive officer now directly owns 534,615 shares in the company, valued at approximately $3,603,305.10. The trade was a 5.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 138,540 shares of company stock valued at $1,050,944 in the last quarter. Insiders own 3.77% of the company's stock.

Wall Street Analyst Weigh In

RUN has been the topic of several research analyst reports. TD Cowen cut their price objective on Sunrun from $18.00 to $14.00 and set a "buy" rating on the stock in a research report on Friday, February 28th. Citigroup reaffirmed a "neutral" rating and issued a $7.00 price objective on shares of Sunrun in a research report on Thursday, April 17th. Wells Fargo & Company reduced their target price on shares of Sunrun from $15.00 to $12.00 and set an "overweight" rating for the company in a research report on Wednesday, January 8th. JPMorgan Chase & Co. lowered their price target on shares of Sunrun from $22.00 to $18.00 and set an "overweight" rating on the stock in a report on Thursday, January 23rd. Finally, Morgan Stanley reissued an "equal weight" rating and set a $11.00 price objective on shares of Sunrun in a report on Wednesday, April 23rd. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $14.92.

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.