Susquehanna Fundamental Investments LLC Makes New Investment in Sunrun Inc. (NASDAQ:RUN)

Susquehanna Fundamental Investments LLC bought a new stake in shares of Sunrun Inc. (NASDAQ:RUN - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 191,021 shares of the energy company's stock, valued at approximately $1,767,000. Susquehanna Fundamental Investments LLC owned about 0.09% of Sunrun at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. KLP Kapitalforvaltning AS purchased a new stake in Sunrun in the fourth quarter worth about $402,000. Clal Insurance Enterprises Holdings Ltd bought a new stake in shares of Sunrun in the 4th quarter worth $18,500,000. Charles Schwab Investment Management Inc. boosted its holdings in Sunrun by 7.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,325,562 shares of the energy company's stock worth $21,511,000 after buying an additional 155,311 shares during the period. Essex Investment Management Co. LLC bought a new stake in shares of Sunrun during the fourth quarter valued at approximately $403,000. Finally, Principal Financial Group Inc. raised its holdings in shares of Sunrun by 33.7% during the 3rd quarter. Principal Financial Group Inc. now owns 1,460,949 shares of the energy company's stock worth $26,385,000 after acquiring an additional 367,835 shares in the last quarter. Institutional investors own 91.69% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. TD Cowen cut their price target on shares of Sunrun from $18.00 to $14.00 and set a "buy" rating on the stock in a report on Friday, February 28th. Citigroup reiterated a "neutral" rating and set a $7.00 price target on shares of Sunrun in a research report on Thursday, April 17th. Susquehanna dropped their price objective on Sunrun from $13.00 to $10.00 and set a "positive" rating on the stock in a report on Monday, April 14th. JPMorgan Chase & Co. dropped their target price on shares of Sunrun from $22.00 to $18.00 and set an "overweight" rating on the stock in a research report on Thursday, January 23rd. Finally, Barclays dropped their target price 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 issued a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $14.92.

Sunrun Stock Up 4.4 %

Shares of RUN traded up $0.31 during trading hours on Tuesday, hitting $7.29. 3,811,340 shares of the company were exchanged, compared to its average volume of 10,664,690. The firm's 50 day moving average is $6.68 and its 200-day moving average is $9.13. Sunrun Inc. has a 52 week low of $5.45 and a 52 week high of $22.26. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.15 and a current ratio of 1.47. The company has a market cap of $1.66 billion, a PE ratio of -4.01 and a beta of 2.66.

Insiders Place Their Bets

In related news, Director Lynn Michelle Jurich sold 50,000 shares of the business's stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $9.10, for a total value of $455,000.00. Following the sale, the director now directly owns 941,753 shares of the company's stock, valued at approximately $8,569,952.30. The trade was a 5.04 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CRO Paul S. Dickson sold 19,343 shares of Sunrun stock in a transaction that occurred on Monday, April 7th. The stock was sold at an average price of $6.74, for a total value of $130,371.82. Following the transaction, the executive now owns 399,729 shares of the company's stock, valued at $2,694,173.46. This represents a 4.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 138,540 shares of company stock worth $1,050,944 in the last ninety days. 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.