Erste Asset Management GmbH Raises Holdings in Sunrun Inc. (NASDAQ:RUN)

Erste Asset Management GmbH boosted its holdings in shares of Sunrun Inc. (NASDAQ:RUN) by 16.3% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 4,789,213 shares of the energy company’s stock after acquiring an additional 672,049 shares during the quarter. Erste Asset Management GmbH’s holdings in Sunrun were worth $47,302,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. State Street Corp increased its holdings in Sunrun by 0.6% during the third quarter. State Street Corp now owns 9,159,711 shares of the energy company’s stock valued at $165,424,000 after buying an additional 54,329 shares during the period. Geode Capital Management LLC increased its holdings in Sunrun by 0.6% during the third quarter. Geode Capital Management LLC now owns 5,315,667 shares of the energy company’s stock valued at $96,019,000 after buying an additional 30,549 shares during the period. FMR LLC increased its holdings in Sunrun by 83.6% during the third quarter. FMR LLC now owns 3,430,327 shares of the energy company’s stock valued at $61,952,000 after buying an additional 1,562,163 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its holdings in Sunrun by 113.5% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 2,515,302 shares of the energy company’s stock valued at $45,426,000 after buying an additional 1,337,302 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in Sunrun by 7.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,325,562 shares of the energy company’s stock valued at $21,511,000 after buying an additional 155,311 shares during the period. 91.69% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have issued reports on RUN. Barclays cut their price target on shares of Sunrun from $18.00 to $15.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 28th. The Goldman Sachs Group cut their price target on shares of Sunrun from $17.00 to $15.00 and set a “buy” rating on the stock in a report on Monday, March 3rd. Royal Bank of Canada cut their price target on shares of Sunrun from $17.00 to $14.00 and set an “outperform” rating on the stock in a report on Monday, March 3rd. Roth Capital set a $20.00 price target on shares of Sunrun in a report on Friday, February 28th. Finally, UBS Group cut their price target on shares of Sunrun from $17.00 to $15.00 and set a “buy” rating on the stock in a report on Tuesday, March 4th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, Sunrun presently has a consensus rating of “Moderate Buy” and an average price target of $17.20.

Insider Activity at Sunrun

In other Sunrun news, CEO Mary Powell sold 4,350 shares of the company’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $11.18, for a total value of $48,633.00. Following the completion of the transaction, the chief executive officer now owns 560,321 shares in the company, valued at approximately $6,264,388.78. This represents a 0.77 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Edward Harris Fenster acquired 150,000 shares of the firm’s stock in a transaction on Monday, March 3rd. The stock was purchased at an average price of $6.80 per share, with a total value of $1,020,000.00. Following the transaction, the director now owns 1,358,182 shares of the company’s stock, valued at approximately $9,235,637.60. This trade represents a 12.42 % increase in their position. The disclosure for this purchase can be found here. Insiders sold 171,466 shares of company stock worth $1,607,397 over the last three months. Company insiders own 3.77% of the company’s stock.

Sunrun Trading Down 5.2 %

NASDAQ RUN opened at $6.57 on Thursday. The company has a market capitalization of $1.49 billion, a PE ratio of -3.61 and a beta of 2.84. The company has a fifty day moving average of $8.80 and a 200 day moving average of $12.35. Sunrun Inc. has a 1 year low of $5.93 and a 1 year high of $22.26. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.47 and a quick ratio of 1.15.

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.