Sunrun Inc. (NASDAQ:RUN) Holdings Decreased by Vontobel Holding Ltd.

Vontobel Holding Ltd. decreased its holdings in shares of Sunrun Inc. (NASDAQ:RUN) by 2.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 269,925 shares of the energy company’s stock after selling 6,998 shares during the quarter. Vontobel Holding Ltd.’s holdings in Sunrun were worth $5,299,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Salem Investment Counselors Inc. boosted its position in Sunrun by 3,750.0% during the first quarter. Salem Investment Counselors Inc. now owns 1,540 shares of the energy company’s stock valued at $47,000 after purchasing an additional 1,500 shares during the last quarter. Fifth Third Bancorp increased its holdings in Sunrun by 76.9% in the fourth quarter. Fifth Third Bancorp now owns 1,758 shares of the energy company’s stock worth $35,000 after buying an additional 764 shares during the last quarter. Versant Capital Management Inc raised its position in Sunrun by 149.7% during the fourth quarter. Versant Capital Management Inc now owns 1,880 shares of the energy company’s stock valued at $37,000 after acquiring an additional 1,127 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in Sunrun in the third quarter valued at approximately $26,000. Finally, Belpointe Asset Management LLC grew its position in Sunrun by 735.2% in the first quarter. Belpointe Asset Management LLC now owns 2,113 shares of the energy company’s stock worth $43,000 after acquiring an additional 1,860 shares in the last quarter. Hedge funds and other institutional investors own 91.69% of the company’s stock.

Insider Activity at Sunrun

In related news, Director Edward Harris Fenster sold 172,920 shares of the stock in a transaction dated 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 completion of the sale, the director now owns 1,261,317 shares in the company, valued at $15,072,738.15. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, Director Lynn Michelle Jurich sold 2,836 shares of the stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $10.01, for a total value of $28,388.36. Following the completion of the transaction, the director now owns 1,399,810 shares of the company’s stock, valued at $14,012,098.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Edward Harris Fenster sold 172,920 shares of the stock in a transaction dated Thursday, April 11th. The stock was sold at an average price of $11.95, for a total transaction 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 disclosure for this sale can be found here. Over the last 90 days, insiders sold 301,760 shares of company stock worth $3,615,990. Company insiders own 3.76% of the company’s stock.

Sunrun Stock Up 5.0 %

RUN stock opened at $10.85 on Thursday. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.96 and a current ratio of 1.26. The company has a 50-day moving average of $12.58 and a two-hundred day moving average of $13.19. Sunrun Inc. has a 52-week low of $8.43 and a 52-week high of $23.85.

Sunrun (NASDAQ:RUN) last released its earnings results on Wednesday, February 21st. The energy company reported ($1.33) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($1.20). Sunrun had a negative net margin of 71.00% and a negative return on equity of 5.58%. The company had revenue of $516.59 million during the quarter, compared to the consensus estimate of $499.74 million. Equities analysts anticipate that Sunrun Inc. will post -1.69 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the stock. Mizuho raised their price target on shares of Sunrun from $23.00 to $28.00 and gave the company a “buy” rating in a report on Wednesday, January 3rd. Piper Sandler cut their target price on Sunrun from $31.00 to $27.00 and set an “overweight” rating on the stock in a report on Thursday, February 22nd. The Goldman Sachs Group upped their price target on Sunrun from $20.00 to $21.00 and gave the stock a “buy” rating in a research note on Thursday, February 22nd. BMO Capital Markets raised their price objective on Sunrun from $18.00 to $20.00 and gave the company a “market perform” rating in a research note on Thursday, February 22nd. Finally, KeyCorp reaffirmed a “sector weight” rating on shares of Sunrun in a research report on Thursday, January 4th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $21.53.

Sunrun Company 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.