Pinebridge Investments L.P. Has $1.62 Million Position in Sunrun Inc. (NASDAQ:RUN)

Pinebridge Investments L.P. cut its holdings in Sunrun Inc. (NASDAQ:RUN - Free Report) by 65.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 174,654 shares of the energy company's stock after selling 329,119 shares during the period. Pinebridge Investments L.P. owned about 0.08% of Sunrun worth $1,616,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the business. Tower Research Capital LLC TRC increased its position in Sunrun by 712.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 35,429 shares of the energy company's stock worth $328,000 after buying an additional 31,068 shares during the period. Mirova lifted its position in Sunrun by 24.7% in the 4th quarter. Mirova now owns 570,462 shares of the energy company's stock valued at $5,277,000 after purchasing an additional 113,085 shares during the last quarter. MetLife Investment Management LLC boosted its stake in Sunrun by 3.6% during the 4th quarter. MetLife Investment Management LLC now owns 130,701 shares of the energy company's stock valued at $1,209,000 after purchasing an additional 4,527 shares during the period. Dimensional Fund Advisors LP grew its position in Sunrun by 27.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 6,621,303 shares of the energy company's stock worth $61,252,000 after purchasing an additional 1,427,858 shares during the last quarter. Finally, First Trust Advisors LP increased its stake in shares of Sunrun by 33.4% in the fourth quarter. First Trust Advisors LP now owns 1,100,694 shares of the energy company's stock valued at $10,181,000 after purchasing an additional 275,338 shares during the period. Institutional investors own 91.69% of the company's stock.

Wall Street Analysts Forecast Growth

RUN has been the topic of several analyst reports. BNP Paribas upgraded Sunrun from a "neutral" rating to an "outperform" rating and set a $16.00 target price on the stock in a research report on Tuesday, January 7th. Citigroup restated a "neutral" rating and set a $7.00 price objective on shares of Sunrun in a research note on Thursday, April 17th. Royal Bank of Canada decreased their target price on shares of Sunrun from $17.00 to $14.00 and set an "outperform" rating for the company in a research report on Monday, March 3rd. UBS Group dropped their price target on shares of Sunrun from $17.00 to $15.00 and set a "buy" rating on the stock in a research report on Tuesday, March 4th. Finally, Barclays decreased their price objective on shares of Sunrun from $18.00 to $15.00 and set an "equal weight" rating for the company in a report on Tuesday, January 28th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $14.92.

Sunrun Trading Up 1.4 %

Sunrun stock traded up $0.10 during midday trading on Friday, reaching $7.29. The stock had a trading volume of 7,133,960 shares, compared to its average volume of 10,705,314. The firm's fifty day simple moving average is $6.71 and its two-hundred day simple moving average is $9.23. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.47 and a quick ratio of 1.15. Sunrun Inc. has a twelve month low of $5.45 and a twelve month high of $22.26. The firm has a market cap of $1.67 billion, a price-to-earnings ratio of -4.01 and a beta of 2.66.

Insider Transactions at Sunrun

In other news, Director Edward Harris Fenster acquired 150,000 shares of Sunrun stock in a transaction that occurred 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 completion of the transaction, the director now owns 1,358,182 shares in the company, valued at approximately $9,235,637.60. This trade represents a 12.42 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Lynn Michelle Jurich sold 50,000 shares of the company's stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $9.10, for a total value of $455,000.00. Following the completion of the transaction, the director now directly owns 941,753 shares in the company, valued at approximately $8,569,952.30. The trade was a 5.04 % decrease in their ownership of the stock. 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 quarter. Company insiders own 3.77% 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.