Russell Investments Group Ltd. Has $7.64 Million Holdings in Sunrun Inc. (NASDAQ:RUN)

Russell Investments Group Ltd. raised its position in shares of Sunrun Inc. (NASDAQ:RUN - Free Report) by 45.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 389,236 shares of the energy company's stock after purchasing an additional 122,286 shares during the period. Russell Investments Group Ltd. owned approximately 0.18% of Sunrun worth $7,641,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. C M Bidwell & Associates Ltd. increased its holdings in Sunrun by 1,483.9% in the third quarter. C M Bidwell & Associates Ltd. now owns 2,360 shares of the energy company's stock valued at $30,000 after purchasing an additional 2,211 shares during the period. Fifth Third Bancorp raised its position in shares of Sunrun by 76.9% during the fourth quarter. Fifth Third Bancorp now owns 1,758 shares of the energy company's stock worth $35,000 after acquiring an additional 764 shares during the last quarter. Versant Capital Management Inc boosted its holdings in Sunrun by 149.7% in 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 during the last quarter. USCF Advisers LLC increased its position in Sunrun by 130.0% during the 4th quarter. USCF Advisers LLC now owns 2,300 shares of the energy company's stock valued at $45,000 after purchasing an additional 1,300 shares during the period. Finally, NBC Securities Inc. bought a new position in Sunrun during the 3rd quarter worth approximately $53,000. 91.69% of the stock is currently owned by institutional investors.

Sunrun Price Performance

RUN traded down $0.27 during trading on Wednesday, reaching $11.51. The stock had a trading volume of 9,327,818 shares, compared to its average volume of 13,641,943. 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 business has a 50-day moving average of $11.36 and a 200-day moving average of $13.15. Sunrun Inc. has a one year low of $8.43 and a one year high of $23.85. The stock has a market cap of $2.55 billion, a PE ratio of -1.59 and a beta of 2.50.

Sunrun (NASDAQ:RUN - Get Free Report) last posted its quarterly earnings results on Wednesday, February 21st. The energy company reported ($1.33) EPS for the quarter, missing the consensus estimate of ($0.13) by ($1.20). Sunrun had a negative return on equity of 5.58% and a negative net margin of 71.00%. The business had revenue of $516.59 million for the quarter, compared to analysts' expectations of $499.74 million. As a group, equities research analysts anticipate that Sunrun Inc. will post -1.69 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on RUN shares. Royal Bank of Canada cut their target price on Sunrun from $17.00 to $15.00 and set an "outperform" rating on the stock in a research note on Friday, March 15th. BMO Capital Markets lifted their target price on Sunrun from $18.00 to $20.00 and gave the stock a "market perform" rating in a research note on Thursday, February 22nd. The Goldman Sachs Group raised their price objective on shares of Sunrun from $20.00 to $21.00 and gave the stock a "buy" rating in a report on Thursday, February 22nd. Oppenheimer reissued an "outperform" rating and set a $19.00 target price on shares of Sunrun in a research report on Thursday, February 22nd. Finally, Piper Sandler dropped their price objective on Sunrun from $31.00 to $27.00 and set an "overweight" rating on the stock in a research note on Thursday, February 22nd. Seven research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $21.26.

Insider Transactions at Sunrun

In other news, insider Jeanna Steele sold 8,187 shares of the firm's stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $12.11, for a total value of $99,144.57. Following the transaction, the insider now owns 239,724 shares in the company, valued at $2,903,057.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Mary Powell sold 5,424 shares of the company's stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $12.12, for a total transaction of $65,738.88. Following the completion of the transaction, the chief executive officer now owns 411,628 shares in the company, valued at $4,988,931.36. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Jeanna Steele sold 8,187 shares of Sunrun stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $12.11, for a total transaction of $99,144.57. Following the completion of the sale, the insider now owns 239,724 shares in the company, valued at approximately $2,903,057.64. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 301,760 shares of company stock worth $3,615,990. Company insiders own 3.76% of the company's stock.

Sunrun 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.