Sunrun Inc. (NASDAQ:RUN) Shares Sold by IQ EQ FUND MANAGEMENT IRELAND Ltd

IQ EQ FUND MANAGEMENT IRELAND Ltd reduced its stake in shares of Sunrun Inc. (NASDAQ:RUN - Free Report) by 84.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,114 shares of the energy company's stock after selling 70,324 shares during the quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd's holdings in Sunrun were worth $121,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. Clal Insurance Enterprises Holdings Ltd bought a new position in shares of Sunrun in the 4th quarter worth about $18,500,000. Charles Schwab Investment Management Inc. increased its stake in shares of Sunrun by 7.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,325,562 shares of the energy company's stock valued at $21,511,000 after purchasing an additional 155,311 shares in the last quarter. Erste Asset Management GmbH purchased a new position in shares of Sunrun during the third quarter valued at approximately $76,152,000. Essex Investment Management Co. LLC bought a new stake in shares of Sunrun in the 4th quarter worth approximately $403,000. Finally, Principal Financial Group Inc. grew its stake in shares of Sunrun by 33.7% in the 3rd quarter. Principal Financial Group Inc. now owns 1,460,949 shares of the energy company's stock worth $26,385,000 after buying an additional 367,835 shares during the last quarter. 91.69% of the stock is currently owned by institutional investors.

Insider Activity at Sunrun

In other Sunrun news, CRO Paul S. Dickson sold 2,968 shares of Sunrun stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $11.18, for a total value of $33,182.24. Following the transaction, the executive now owns 418,492 shares in the company, valued at $4,678,740.56. The trade was a 0.70 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Edward Harris Fenster purchased 150,000 shares of the firm's stock in a transaction on Monday, March 3rd. The shares were purchased at an average cost of $6.80 per share, with a total value of $1,020,000.00. Following the completion of the transaction, the director now owns 1,358,182 shares of the company's stock, valued at approximately $9,235,637.60. The trade was a 12.42 % increase in their position. The disclosure for this purchase can be found here. Insiders sold 121,466 shares of company stock worth $1,136,397 over the last three months. 3.77% of the stock is owned by corporate insiders.

Sunrun Stock Up 4.5 %

NASDAQ RUN traded up $0.29 on Wednesday, reaching $6.78. 6,134,022 shares of the stock traded hands, compared to its average volume of 10,597,811. Sunrun Inc. has a 12 month low of $5.55 and a 12 month high of $22.26. The company has a market cap of $1.53 billion, a price-to-earnings ratio of -3.73 and a beta of 2.74. The company has a fifty day moving average price of $7.77 and a 200-day moving average price of $11.02. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.15 and a current ratio of 1.47.

Wall Street Analysts Forecast Growth

Several research firms have commented on RUN. JPMorgan Chase & Co. dropped their target price on Sunrun from $22.00 to $18.00 and set an "overweight" rating on the stock in a report on Thursday, January 23rd. TD Cowen dropped their price target on shares of Sunrun from $18.00 to $14.00 and set a "buy" rating on the stock in a research note on Friday, February 28th. BMO Capital Markets decreased their target price on shares of Sunrun from $11.00 to $9.00 and set a "market perform" rating for the company in a report on Monday, March 3rd. BNP Paribas raised shares of Sunrun from a "neutral" rating to an "outperform" rating and set a $16.00 price target for the company in a research report on Tuesday, January 7th. Finally, Roth Capital set a $20.00 price objective on Sunrun in a research report on Friday, February 28th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $17.20.

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.