Sunrun Inc. (NASDAQ:RUN) Shares Sold by Hsbc Holdings PLC

Hsbc Holdings PLC trimmed its holdings in Sunrun Inc. (NASDAQ:RUN - Free Report) by 41.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 68,554 shares of the energy company's stock after selling 47,996 shares during the quarter. Hsbc Holdings PLC's holdings in Sunrun were worth $637,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Norges Bank purchased a new stake in shares of Sunrun in the 4th quarter worth approximately $31,022,000. Clal Insurance Enterprises Holdings Ltd purchased a new stake in shares of Sunrun during the fourth quarter valued at about $18,500,000. Dimensional Fund Advisors LP lifted its position in Sunrun by 27.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 6,621,303 shares of the energy company's stock valued at $61,252,000 after acquiring an additional 1,427,858 shares during the last quarter. Invesco Ltd. grew its holdings in Sunrun by 20.8% in the fourth quarter. Invesco Ltd. now owns 6,008,879 shares of the energy company's stock worth $55,582,000 after purchasing an additional 1,035,096 shares during the last quarter. Finally, EVR Research LP acquired a new position in shares of Sunrun during the fourth quarter worth $7,400,000. 91.69% of the stock is owned by institutional investors.

Sunrun Price Performance

RUN stock traded up $0.88 during mid-day trading on Friday, reaching $9.38. The company's stock had a trading volume of 29,788,674 shares, compared to its average volume of 10,849,879. The company has a current ratio of 1.47, a quick ratio of 1.15 and a debt-to-equity ratio of 1.92. The company's 50 day moving average is $6.77 and its two-hundred day moving average is $9.04. The stock has a market cap of $2.14 billion, a PE ratio of -5.15 and a beta of 2.66. Sunrun Inc. has a fifty-two week low of $5.45 and a fifty-two week high of $22.26.

Sunrun (NASDAQ:RUN - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The energy company reported $0.20 earnings per share for the quarter, beating the consensus estimate of ($0.22) by $0.42. The firm had revenue of $504.27 million for the quarter, compared to analysts' expectations of $487.29 million. Sunrun had a negative net margin of 18.80% and a negative return on equity of 5.15%. The company's revenue was up 10.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.40) EPS. Equities research analysts expect that Sunrun Inc. will post -0.43 EPS for the current year.

Insiders Place Their Bets

In related news, CEO Mary Powell sold 31,197 shares of Sunrun stock in a transaction on Monday, April 7th. The stock was sold at an average price of $6.74, for a total value of $210,267.78. Following the completion of the transaction, the chief executive officer now directly owns 534,615 shares in the company, valued at approximately $3,603,305.10. This trade represents a 5.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CRO Paul S. Dickson sold 19,343 shares of the company's stock in a transaction dated Monday, April 7th. The stock was sold at an average price of $6.74, for a total value of $130,371.82. Following the sale, the executive now owns 399,729 shares in the company, valued at approximately $2,694,173.46. This trade represents a 4.62 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 138,540 shares of company stock valued at $1,050,944 over the last 90 days. 3.77% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have weighed in on RUN. Morgan Stanley reiterated an "equal weight" rating and set a $11.00 price target on shares of Sunrun in a research note on Wednesday, April 23rd. TD Cowen decreased their price objective on shares of Sunrun from $18.00 to $14.00 and set a "buy" rating for the company in a research note on Friday, February 28th. Barclays decreased their target price on shares of Sunrun from $18.00 to $15.00 and set an "equal weight" rating for the company in a research report on Tuesday, January 28th. Royal Bank of Canada cut their price target on Sunrun from $14.00 to $12.00 and set an "outperform" rating on the stock in a research report on Thursday. Finally, UBS Group decreased their price objective on Sunrun from $17.00 to $15.00 and set a "buy" rating for the company in a report on Tuesday, March 4th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $14.82.

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.