Sunrun Inc. (NASDAQ:RUN) Stock Position Reduced by Marshall Wace LLP

Marshall Wace LLP lessened its position in shares of Sunrun Inc. (NASDAQ:RUN) by 99.3% during the second quarter, HoldingsChannel reports. The institutional investor owned 11,405 shares of the energy company’s stock after selling 1,542,040 shares during the quarter. Marshall Wace LLP’s holdings in Sunrun were worth $135,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the company. EP Wealth Advisors LLC increased its position in Sunrun by 20.4% in the 4th quarter. EP Wealth Advisors LLC now owns 21,364 shares of the energy company’s stock valued at $419,000 after acquiring an additional 3,624 shares during the period. Wellington Management Group LLP acquired a new position in shares of Sunrun during the 4th quarter valued at $15,935,000. Vanguard Group Inc. increased its position in shares of Sunrun by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 19,581,958 shares of the energy company’s stock valued at $384,394,000 after purchasing an additional 176,861 shares during the period. Perpetual Ltd increased its position in shares of Sunrun by 31.1% during the 1st quarter. Perpetual Ltd now owns 59,028 shares of the energy company’s stock valued at $773,000 after purchasing an additional 14,000 shares during the period. Finally, Register Financial Advisors LLC acquired a new position in shares of Sunrun during the 1st quarter valued at $92,000. Institutional investors own 91.69% of the company’s stock.

Insider Transactions at Sunrun

In related news, insider Jeanna Steele sold 24,161 shares of the firm’s stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $19.24, for a total value of $464,857.64. Following the completion of the sale, the insider now directly owns 310,617 shares in the company, valued at approximately $5,976,271.08. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Sunrun news, CFO Danny Abajian sold 4,869 shares of the firm’s stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $16.35, for a total value of $79,608.15. Following the sale, the chief financial officer now owns 269,393 shares in the company, valued at $4,404,575.55. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Jeanna Steele sold 24,161 shares of the firm’s stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $19.24, for a total transaction of $464,857.64. Following the completion of the sale, the insider now owns 310,617 shares in the company, valued at $5,976,271.08. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 180,001 shares of company stock worth $3,336,845 in the last three months. Insiders own 3.77% of the company’s stock.

Sunrun Stock Performance

RUN stock opened at $15.94 on Monday. The stock has a 50-day moving average price of $18.64 and a two-hundred day moving average price of $15.09. The company has a current ratio of 1.66, a quick ratio of 1.31 and a debt-to-equity ratio of 1.84. Sunrun Inc. has a 1 year low of $8.43 and a 1 year high of $22.26.

Sunrun (NASDAQ:RUN) last posted its quarterly earnings data on Tuesday, August 6th. The energy company reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of ($0.33) by $0.88. Sunrun had a negative net margin of 66.36% and a negative return on equity of 2.41%. The company had revenue of $523.87 million during the quarter, compared to the consensus estimate of $516.76 million. During the same period in the prior year, the business posted $0.25 EPS. The company’s quarterly revenue was down 11.2% on a year-over-year basis. Analysts expect that Sunrun Inc. will post -0.17 EPS for the current year.

Wall Street Analyst Weigh In

RUN has been the topic of several research analyst reports. JPMorgan Chase & Co. lifted their price target on Sunrun from $19.00 to $22.00 and gave the company an “overweight” rating in a research report on Wednesday, August 7th. Piper Sandler lifted their price target on Sunrun from $20.00 to $23.00 and gave the company an “overweight” rating in a research report on Wednesday, August 7th. StockNews.com upgraded Sunrun to a “sell” rating in a research report on Friday, September 27th. Susquehanna lifted their target price on Sunrun from $23.00 to $24.00 and gave the stock a “positive” rating in a report on Monday, July 15th. Finally, Jefferies Financial Group decreased their target price on Sunrun from $31.00 to $29.00 and set a “buy” rating on the stock in a report on Thursday. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $22.55.

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.