KBC Group NV Sells 8,187 Shares of Sunrun Inc. (NASDAQ:RUN)

KBC Group NV cut its holdings in Sunrun Inc. (NASDAQ:RUN) by 6.0% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 127,907 shares of the energy company’s stock after selling 8,187 shares during the quarter. KBC Group NV owned about 0.06% of Sunrun worth $750,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of RUN. Aster Capital Management DIFC Ltd acquired a new stake in Sunrun in the fourth quarter worth $29,000. Summit Securities Group LLC acquired a new stake in Sunrun in the fourth quarter worth $53,000. Sterling Capital Management LLC raised its holdings in Sunrun by 807.5% in the fourth quarter. Sterling Capital Management LLC now owns 6,888 shares of the energy company’s stock worth $64,000 after purchasing an additional 6,129 shares during the period. GAMMA Investing LLC raised its holdings in Sunrun by 14.7% in the first quarter. GAMMA Investing LLC now owns 12,269 shares of the energy company’s stock worth $72,000 after purchasing an additional 1,571 shares during the period. Finally, Lighthouse Investment Partners LLC acquired a new stake in Sunrun in the fourth quarter worth $92,000. 91.69% of the stock is owned by institutional investors.

Sunrun Trading Up 16.1%

Shares of NASDAQ RUN opened at $10.44 on Friday. The company has a debt-to-equity ratio of 3.89, a quick ratio of 0.99 and a current ratio of 1.32. Sunrun Inc. has a 52-week low of $5.38 and a 52-week high of $22.26. The firm has a 50 day moving average price of $8.40 and a two-hundred day moving average price of $8.19. The stock has a market cap of $2.39 billion, a P/E ratio of -0.86 and a beta of 2.60.

Sunrun (NASDAQ:RUN) last posted its quarterly earnings data on Wednesday, May 7th. The energy company reported $0.20 earnings per share for the quarter, topping the consensus estimate of ($0.22) by $0.42. The company had revenue of $504.27 million during the quarter, compared to analysts’ expectations of $487.29 million. Sunrun had a negative net margin of 129.97% and a positive return on equity of 9.42%. Sunrun’s revenue for the quarter was up 10.1% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.40) earnings per share. As a group, equities analysts forecast that Sunrun Inc. will post -0.43 EPS for the current year.

Insider Buying and Selling at Sunrun

In other Sunrun news, CRO Paul S. Dickson sold 19,343 shares of the firm’s stock in a transaction on Monday, April 7th. The shares were sold at an average price of $6.74, for a total value of $130,371.82. Following the transaction, the executive directly owned 399,729 shares of the company’s stock, valued at approximately $2,694,173.46. This trade represents a 4.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Edward Harris Fenster purchased 50,000 shares of the company’s stock in a transaction that occurred on Monday, May 12th. The shares were purchased at an average cost of $10.87 per share, for a total transaction of $543,500.00. Following the completion of the transaction, the director directly owned 1,408,182 shares of the company’s stock, valued at $15,306,938.34. This represents a 3.68% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold 88,993 shares of company stock valued at $612,979 over the last 90 days. Insiders own 3.37% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on RUN. Citigroup reiterated a “neutral” rating and issued a $7.00 target price on shares of Sunrun in a report on Thursday, April 17th. Morgan Stanley restated an “equal weight” rating and set a $11.00 price objective on shares of Sunrun in a report on Wednesday, April 23rd. BNP Paribas lowered shares of Sunrun from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 22nd. Wells Fargo & Company dropped their price objective on shares of Sunrun from $10.00 to $8.00 and set an “overweight” rating on the stock in a report on Wednesday, June 25th. Finally, BMO Capital Markets lowered shares of Sunrun from a “hold” rating to a “strong sell” rating and dropped their price objective for the stock from $9.00 to $4.00 in a report on Thursday, May 22nd. Five investment analysts have rated the stock with a sell rating, ten have issued a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $13.26.

About Sunrun

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.