Quantbot Technologies LP Buys 5,497 Shares of Sunrun Inc. (NASDAQ:RUN)

Quantbot Technologies LP raised its stake in Sunrun Inc. (NASDAQ:RUN) by 2.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 252,390 shares of the energy company’s stock after acquiring an additional 5,497 shares during the period. Quantbot Technologies LP owned about 0.11% of Sunrun worth $2,335,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of RUN. Erste Asset Management GmbH acquired a new position in Sunrun in the third quarter worth $76,152,000. Clal Insurance Enterprises Holdings Ltd acquired a new stake in shares of Sunrun in the fourth quarter valued at $18,500,000. FMR LLC increased its stake in shares of Sunrun by 83.6% in 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 in the last quarter. Assenagon Asset Management S.A. increased its stake in shares of Sunrun by 36.5% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,877,502 shares of the energy company’s stock valued at $17,367,000 after buying an additional 501,918 shares in the last quarter. Finally, Sora Investors LLC acquired a new stake in shares of Sunrun in the third quarter valued at $8,127,000. 91.69% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently weighed in on RUN shares. BMO Capital Markets lowered their target price on Sunrun from $11.00 to $9.00 and set a “market perform” rating for the company in a research note on Monday, March 3rd. Jefferies Financial Group lowered Sunrun from a “buy” rating to a “hold” rating and lowered their target price for the company from $14.00 to $8.00 in a research note on Wednesday, March 12th. JPMorgan Chase & Co. decreased their price target on Sunrun from $22.00 to $18.00 and set an “overweight” rating on the stock in a report on Thursday, January 23rd. Truist Financial reiterated a “hold” rating and issued a $9.00 price target (down previously from $12.00) on shares of Sunrun in a report on Monday, March 3rd. Finally, UBS Group decreased their price target on 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 assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $17.20.

Insider Activity at Sunrun

In related news, CEO Mary Powell sold 4,350 shares of Sunrun stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $11.18, for a total value of $48,633.00. Following the sale, the chief executive officer now owns 560,321 shares of the company’s stock, valued at approximately $6,264,388.78. This trade represents a 0.77 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Edward Harris Fenster bought 150,000 shares of the company’s stock in a transaction that occurred on Monday, March 3rd. The stock was purchased at an average cost of $6.80 per share, for a total transaction of $1,020,000.00. Following the transaction, the director now owns 1,358,182 shares in the company, valued at $9,235,637.60. The trade was a 12.42 % increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders have sold 121,466 shares of company stock valued at $1,136,397. 3.77% of the stock is owned by insiders.

Sunrun Trading Down 1.8 %

NASDAQ RUN opened at $6.59 on Monday. The firm has a market cap of $1.49 billion, a P/E ratio of -3.62 and a beta of 2.84. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.47 and a quick ratio of 1.15. The stock’s 50-day moving average is $8.23 and its 200-day moving average is $11.62. Sunrun Inc. has a one year low of $5.93 and a one year high of $22.26.

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.