Nomura Holdings Inc. Has $385,000 Position in Sunrun Inc. (NASDAQ:RUN)

Nomura Holdings Inc. lessened its holdings in shares of Sunrun Inc. (NASDAQ:RUN - Free Report) by 95.9% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 19,632 shares of the energy company's stock after selling 456,745 shares during the quarter. Nomura Holdings Inc.'s holdings in Sunrun were worth $385,000 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 stake in shares of Sunrun in the fourth quarter valued at $23,186,000. Deutsche Bank AG lifted its holdings in shares of Sunrun by 112.9% in the third quarter. Deutsche Bank AG now owns 2,226,821 shares of the energy company's stock valued at $27,969,000 after buying an additional 1,180,823 shares during the period. Greenvale Capital LLP lifted its holdings in shares of Sunrun by 15.3% in the fourth quarter. Greenvale Capital LLP now owns 8,300,000 shares of the energy company's stock valued at $162,929,000 after buying an additional 1,100,000 shares during the period. Masters Capital Management LLC acquired a new stake in shares of Sunrun in the fourth quarter valued at $19,630,000. Finally, Wellington Management Group LLP acquired a new stake in shares of Sunrun in the fourth quarter valued at $15,935,000. Institutional investors and hedge funds own 91.69% of the company's stock.

Insider Transactions at Sunrun

In other news, Director Edward Harris Fenster sold 172,920 shares of the stock in a transaction that occurred on Thursday, April 11th. The stock was sold at an average price of $11.95, for a total value of $2,066,394.00. Following the completion of the transaction, the director now directly owns 1,261,317 shares of the company's stock, valued at approximately $15,072,738.15. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, CRO Paul S. Dickson sold 14,945 shares of the firm's stock in a transaction on Monday, April 8th. The stock was sold at an average price of $12.07, for a total transaction of $180,386.15. Following the completion of the sale, the executive now directly owns 283,772 shares of the company's stock, valued at approximately $3,425,128.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Edward Harris Fenster sold 172,920 shares of the firm's stock in a transaction on Thursday, April 11th. The shares were sold at an average price of $11.95, for a total value of $2,066,394.00. Following the sale, the director now directly owns 1,261,317 shares of the company's stock, valued at $15,072,738.15. The disclosure for this sale can be found here. In the last ninety days, insiders sold 377,143 shares of company stock valued at $4,897,079. Corporate insiders own 3.76% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on RUN shares. Jefferies Financial Group cut their price objective on Sunrun from $32.00 to $26.00 and set a "buy" rating for the company in a report on Thursday, May 9th. Royal Bank of Canada reduced their target price on Sunrun from $17.00 to $15.00 and set an "outperform" rating for the company in a report on Friday, March 15th. Mizuho reduced their target price on Sunrun from $28.00 to $23.00 and set a "buy" rating for the company in a report on Friday, April 19th. Janney Montgomery Scott downgraded Sunrun from a "buy" rating to a "neutral" rating in a report on Tuesday, February 27th. Finally, Susquehanna reduced their target price on Sunrun from $25.00 to $23.00 and set a "positive" rating for the company in a report on Thursday, May 9th. Seven research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, Sunrun presently has an average rating of "Moderate Buy" and a consensus target price of $21.47.

Sunrun Stock Performance

Shares of RUN stock traded up $0.55 during mid-day trading on Friday, reaching $13.09. The stock had a trading volume of 13,488,035 shares, compared to its average volume of 9,976,540. The firm's 50 day simple moving average is $12.24 and its 200 day simple moving average is $13.62. The company has a quick ratio of 0.99, a current ratio of 1.31 and a debt-to-equity ratio of 1.84. Sunrun Inc. has a one year low of $8.43 and a one year high of $23.85. The firm has a market cap of $2.90 billion, a PE ratio of -1.96 and a beta of 2.65.

Sunrun (NASDAQ:RUN - Get Free Report) last issued its earnings results on Wednesday, May 8th. The energy company reported ($0.40) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.49) by $0.09. Sunrun had a negative return on equity of 3.58% and a negative net margin of 68.22%. The business had revenue of $458.20 million during the quarter, compared to analysts' expectations of $471.38 million. During the same period in the prior year, the firm posted ($1.12) EPS. Sunrun's quarterly revenue was down 22.3% compared to the same quarter last year. On average, analysts forecast that Sunrun Inc. will post -1.27 EPS for the current year.

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.