2 weeks Ago By Defense World Staff
LPL Financial LLC boosted its stake in Sunrun Inc. ( NASDAQ:RUN – Free Report ) by 11.7% during the fourth quarter, according to the company in its most recent filing with the SEC.
The institutional investor owned 49,608 shares of the energy company’s stock after buying an additional 5,189 shares during the quarter. LPL Financial LLC’s holdings in Sunrun were worth $459,000 as of its most recent filing with the SEC. Other large investors have also recently bought and sold shares of the company.
Clal Insurance Enterprises Holdings Ltd purchased a new stake in shares of Sunrun in the fourth quarter valued at $18,500,000. Erste Asset Management GmbH grew its holdings in Sunrun by 16.3% in the 4th quarter.
Erste Asset Management GmbH now owns 4,789,213 shares of the energy company’s stock valued at $47,302,000 after buying an additional 672,049 shares during the period. Assenagon Asset Management S.A.
increased its stake in shares of Sunrun by 36.5% during the 4th quarter. Assenagon Asset Management S.
A. now owns 1,877,502 shares of the energy company’s stock valued at $17,367,000 after acquiring an additional 501,918 shares during the last quarter. Principal Financial Group Inc.
lifted its holdings in shares of Sunrun by 33.7% during the 3rd quarter. Principal Financial Group Inc.
now owns 1,460,949 shares of the energy company’s stock worth $26,385,000 after acquiring an additional 367,835 shares during the period. Finally, Kayne Anderson Capital Advisors LP acquired a new stake in shares of Sunrun in the fourth quarter worth approximately $3,039,000. Institutional investors and hedge funds own 91.
69% of the company’s stock. Wall Street Analyst Weigh In A number of analysts have recently commented on RUN shares. TD Cowen dropped their price objective on Sunrun from $18.
00 to $14.00 and set a “buy” rating for the company in a report on Friday, February 28th. Morgan Stanley restated an “equal weight” rating and set a $11.
00 price target on shares of Sunrun in a research note on Wednesday. Barclays reduced their price objective on Sunrun from $18.00 to $15.
00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 28th. BNP Paribas upgraded shares of Sunrun from a “neutral” rating to an “outperform” rating and set a $16.00 price target on the stock in a report on Tuesday, January 7th.
Finally, Royal Bank of Canada decreased their price objective on shares of Sunrun from $17.00 to $14.00 and set an “outperform” rating for the company in a research note on Monday, March 3rd.
Two research analysts have rated the stock with a sell rating, nine have given a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $14.
92. Insider Activity In other Sunrun news, CRO Paul S. Dickson sold 19,343 shares of the business’s stock in a transaction on Monday, April 7th.
The shares were sold at an average price of $6.74, for a total transaction of $130,371.82.
Following the completion of the sale, the executive now owns 399,729 shares in the company, valued at $2,694,173.46. The trade was a 4.
62 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link . Also, Director Lynn Michelle Jurich sold 50,000 shares of the firm’s stock in a transaction dated Wednesday, February 19th.
The stock was sold at an average price of $9.10, for a total transaction of $455,000.00.
Following the completion of the transaction, the director now owns 941,753 shares in the company, valued at approximately $8,569,952.30. The trade was a 5.
04 % decrease in their ownership of the stock. The disclosure for this sale can be found here . In the last 90 days, insiders have sold 138,540 shares of company stock worth $1,050,944.
3.77% of the stock is currently owned by corporate insiders. Sunrun Trading Up 4.
8 % NASDAQ RUN opened at $7.39 on Friday. The company has a market capitalization of $1.
67 billion, a price-to-earnings ratio of -4.06 and a beta of 2.74.
The company has a debt-to-equity ratio of 1.92, a current ratio of 1.47 and a quick ratio of 1.
15. Sunrun Inc. has a 12 month low of $5.
45 and a 12 month high of $22.26. The company’s fifty day moving average price is $6.
83 and its two-hundred day moving average price is $9.56. Sunrun Company Profile ( Free Report ) 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. Further Reading Five stocks we like better than Sunrun What Are Treasury Bonds? Short Sellers Gave Up on These 3 Names Recently Stock Ratings and Recommendations: Understanding Analyst Ratings 3 Boring Stocks Outperforming the Market This Year What is the Dow Jones Industrial Average (DJIA)? If You Wanted To Buy AbbVie and Didn’t, There’s Still Time To Buy Want to see what other hedge funds are holding RUN? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Sunrun Inc. ( NASDAQ:RUN – Free Report ). Receive News & Ratings for Sunrun Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sunrun and related companies with MarketBeat.
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