Quantbot Technologies LP Has $2.34 Million Stock Position in Sunrun Inc. (NASDAQ:RUN)

Quantbot Technologies LP lifted its holdings in shares of Sunrun Inc. (NASDAQ:RUN) by 2.2% in the 4th quarter, HoldingsChannel.com reports. The fund owned 252,390 shares of the energy company’s stock after purchasing an additional 5,497 shares during the quarter. Quantbot Technologies LP’s holdings in Sunrun were worth $2,335,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Wilmington Savings Fund Society FSB bought a new position in shares of Sunrun during the 3rd quarter worth approximately $44,000. Newbridge Financial Services Group Inc. boosted its stake in shares of Sunrun by 133.3% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 3,500 shares of the energy company’s stock worth $32,000 after acquiring an additional 2,000 shares during the period. Union Bancaire Privee UBP SA bought a new stake in Sunrun in the 4th quarter valued at $56,000. Wealth Enhancement Advisory Services LLC bought a new stake in Sunrun in the 4th quarter valued at $94,000. Finally, Alterna Wealth Management Inc. bought a new stake in Sunrun in the 4th quarter valued at $96,000. 91.69% of the stock is currently owned by institutional investors.

Insider Transactions at Sunrun

In other news, Director Edward Harris Fenster bought 150,000 shares of the stock in a transaction on Monday, March 3rd. The stock was acquired at an average price of $6.80 per share, with a total value of $1,020,000.00. Following the acquisition, the director now directly 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 legal filing with the Securities & Exchange Commission, which is available 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 of the company’s stock, valued at approximately $8,569,952.30. The trade was a 5.04 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 121,466 shares of company stock valued at $1,136,397. Corporate insiders own 3.77% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. BMO Capital Markets reduced their price target 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. StockNews.com upgraded Sunrun to a “sell” rating in a research note on Friday, December 20th. Jefferies Financial Group downgraded Sunrun from a “buy” rating to a “hold” rating and reduced their price target for the company from $14.00 to $8.00 in a research note on Wednesday, March 12th. BNP Paribas upgraded Sunrun from a “neutral” rating to an “outperform” rating and set a $16.00 price target for the company in a research note on Tuesday, January 7th. Finally, Royal Bank of Canada reduced their price target on Sunrun from $17.00 to $14.00 and set an “outperform” rating for the company in a research note on Monday, March 3rd. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, Sunrun presently has a consensus rating of “Moderate Buy” and an average price target of $17.20.

Sunrun Price Performance

Sunrun stock opened at $6.59 on Monday. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.15 and a current ratio of 1.47. Sunrun Inc. has a 52 week low of $5.93 and a 52 week high of $22.26. The stock has a market capitalization of $1.49 billion, a P/E ratio of -3.62 and a beta of 2.84. The stock has a fifty day moving average of $8.23 and a 200-day moving average of $11.62.

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.