Sunrun Inc. (NASDAQ:RUN) Holdings Decreased by IQ EQ FUND MANAGEMENT IRELAND Ltd

IQ EQ FUND MANAGEMENT IRELAND Ltd cut its position in shares of Sunrun Inc. (NASDAQ:RUN) by 84.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund 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 large investors have also recently added to or reduced their stakes in RUN. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of Sunrun by 10.8% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 43,503 shares of the energy company’s stock worth $402,000 after purchasing an additional 4,242 shares during the period. Vanguard Group Inc. raised its stake in Sunrun by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 23,749,115 shares of the energy company’s stock worth $219,679,000 after acquiring an additional 343,448 shares during the period. LPL Financial LLC lifted its holdings in Sunrun by 11.7% in the fourth quarter. LPL Financial LLC now owns 49,608 shares of the energy company’s stock worth $459,000 after acquiring an additional 5,189 shares during the last quarter. Fox Run Management L.L.C. acquired a new position in Sunrun in the fourth quarter valued at approximately $100,000. Finally, KLP Kapitalforvaltning AS bought a new position in shares of Sunrun during the fourth quarter valued at approximately $402,000. 91.69% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently issued reports on RUN. BNP Paribas upgraded Sunrun from a “neutral” rating to an “outperform” rating and set a $16.00 price objective for the company in a research report on Tuesday, January 7th. Wells Fargo & Company reduced their price target on shares of Sunrun from $15.00 to $12.00 and set an “overweight” rating for the company in a report on Wednesday, January 8th. TD Cowen lowered their price target on shares of Sunrun from $18.00 to $14.00 and set a “buy” rating for the company in a research report on Friday, February 28th. The Goldman Sachs Group cut their price objective on shares of Sunrun from $17.00 to $15.00 and set a “buy” rating on the stock in a research report on Monday, March 3rd. Finally, StockNews.com upgraded shares of Sunrun to a “sell” rating in a research report on Friday, December 20th. 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 company. Based on data from MarketBeat.com, Sunrun presently has a consensus rating of “Moderate Buy” and a consensus price target of $17.20.

Sunrun Trading Down 1.2 %

Shares of NASDAQ:RUN opened at $5.94 on Friday. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.15 and a current ratio of 1.47. The stock has a market capitalization of $1.34 billion, a price-to-earnings ratio of -3.26 and a beta of 2.84. Sunrun Inc. has a 1-year low of $5.91 and a 1-year high of $22.26. The company has a 50 day moving average price of $7.89 and a 200 day moving average price of $11.30.

Insider Activity

In other news, Director Edward Harris Fenster purchased 150,000 shares of Sunrun stock in a transaction that occurred on Monday, March 3rd. The stock was acquired at an average price of $6.80 per share, for a total transaction of $1,020,000.00. Following the transaction, the director now owns 1,358,182 shares in the company, valued at $9,235,637.60. The trade was a 12.42 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, CRO Paul S. Dickson sold 2,968 shares of Sunrun stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $11.18, for a total transaction of $33,182.24. Following the transaction, the executive now owns 418,492 shares in the company, valued at approximately $4,678,740.56. The trade was a 0.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 121,466 shares of company stock worth $1,136,397. Insiders own 3.77% of the company’s stock.

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.