Russell Investments Group Ltd. Purchases 122,286 Shares of Sunrun Inc. (NASDAQ:RUN)

Russell Investments Group Ltd. increased its stake in Sunrun Inc. (NASDAQ:RUN) by 45.8% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 389,236 shares of the energy company’s stock after purchasing an additional 122,286 shares during the quarter. Russell Investments Group Ltd. owned about 0.18% of Sunrun worth $7,641,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Xponance Inc. raised its holdings in shares of Sunrun by 15.8% in the 3rd quarter. Xponance Inc. now owns 30,143 shares of the energy company’s stock valued at $379,000 after acquiring an additional 4,120 shares in the last quarter. Raymond James & Associates raised its stake in Sunrun by 45.7% in the third quarter. Raymond James & Associates now owns 126,750 shares of the energy company’s stock valued at $1,592,000 after purchasing an additional 39,732 shares in the last quarter. Stratos Wealth Partners LTD. lifted its position in Sunrun by 18.2% during the third quarter. Stratos Wealth Partners LTD. now owns 12,794 shares of the energy company’s stock valued at $161,000 after purchasing an additional 1,970 shares during the last quarter. Brown Advisory Inc. purchased a new position in Sunrun in the 3rd quarter worth approximately $182,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Sunrun by 27.3% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 80,328 shares of the energy company’s stock worth $1,009,000 after buying an additional 17,245 shares during the last quarter. Institutional investors own 91.69% of the company’s stock.

Wall Street Analyst Weigh In

RUN has been the subject of several research reports. Oppenheimer reiterated an “outperform” rating and issued a $19.00 target price on shares of Sunrun in a research report on Thursday, February 22nd. Janney Montgomery Scott downgraded Sunrun from a “buy” rating to a “neutral” rating in a research report on Tuesday, February 27th. The Goldman Sachs Group increased their price target on shares of Sunrun from $20.00 to $21.00 and gave the company a “buy” rating in a research report on Thursday, February 22nd. Susquehanna reaffirmed a “positive” rating and issued a $25.00 price objective on shares of Sunrun in a research note on Friday, April 5th. Finally, Royal Bank of Canada decreased their target price on shares of Sunrun from $17.00 to $15.00 and set an “outperform” rating on the stock in a research report on Friday, March 15th. Seven investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $21.26.

Insiders Place Their Bets

In other news, insider Jeanna Steele sold 8,187 shares of the company’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $12.11, for a total value of $99,144.57. Following the sale, the insider now directly owns 239,724 shares of the company’s stock, valued at approximately $2,903,057.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Jeanna Steele sold 8,187 shares of the business’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $12.11, for a total value of $99,144.57. Following the sale, the insider now directly owns 239,724 shares of the company’s stock, valued at approximately $2,903,057.64. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Edward Harris Fenster sold 172,920 shares of the firm’s stock in a transaction that occurred 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 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. 3.76% of the stock is owned by corporate insiders.

Sunrun Trading Down 1.8 %

Shares of RUN opened at $11.78 on Wednesday. Sunrun Inc. has a 1-year low of $8.43 and a 1-year high of $23.85. The firm has a market capitalization of $2.61 billion, a price-to-earnings ratio of -1.59 and a beta of 2.50. The firm’s 50-day moving average price is $11.36 and its 200-day moving average price is $13.15. The company has a current ratio of 1.26, a quick ratio of 0.96 and a debt-to-equity ratio of 1.68.

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

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.