Sunrun Inc. (NASDAQ:RUN) Stock Holdings Lessened by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank lowered its stake in Sunrun Inc. (NASDAQ:RUN) by 20.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 64,135 shares of the energy company’s stock after selling 16,193 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Sunrun were worth $1,259,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. C M Bidwell & Associates Ltd. raised its stake in Sunrun by 1,483.9% during the 3rd quarter. C M Bidwell & Associates Ltd. now owns 2,360 shares of the energy company’s stock valued at $30,000 after purchasing an additional 2,211 shares during the period. Fifth Third Bancorp raised its stake in Sunrun by 76.9% during the 4th quarter. Fifth Third Bancorp now owns 1,758 shares of the energy company’s stock valued at $35,000 after purchasing an additional 764 shares during the period. Versant Capital Management Inc raised its stake in Sunrun by 149.7% during the 4th quarter. Versant Capital Management Inc now owns 1,880 shares of the energy company’s stock valued at $37,000 after purchasing an additional 1,127 shares during the period. Hexagon Capital Partners LLC raised its stake in Sunrun by 69.8% during the 3rd quarter. Hexagon Capital Partners LLC now owns 3,345 shares of the energy company’s stock valued at $42,000 after purchasing an additional 1,375 shares during the period. Finally, NBC Securities Inc. purchased a new position in shares of Sunrun during the 3rd quarter valued at $53,000. Institutional investors own 91.69% of the company’s stock.

Insider Activity

In other news, CEO Mary Powell sold 5,424 shares of the company’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $12.12, for a total transaction of $65,738.88. Following the completion of the transaction, the chief executive officer now owns 411,628 shares of the company’s stock, valued at $4,988,931.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Edward Harris Fenster sold 172,920 shares of the stock in a transaction dated Thursday, April 11th. The shares were sold at an average price of $11.95, for a total value of $2,066,394.00. Following the completion of the transaction, the director now owns 1,261,317 shares of the company’s stock, valued at $15,072,738.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Mary Powell sold 5,424 shares of the stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $12.12, for a total transaction of $65,738.88. Following the completion of the transaction, the chief executive officer now directly owns 411,628 shares of the company’s stock, valued at approximately $4,988,931.36. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 301,760 shares of company stock valued at $3,615,990. Insiders own 3.76% of the company’s stock.

Sunrun Stock Up 6.0 %

Shares of RUN opened at $10.29 on Friday. The company has a 50-day simple moving average of $11.84 and a 200-day simple moving average of $13.15. The firm has a market capitalization of $2.26 billion, a P/E ratio of -1.39 and a beta of 2.46. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.96 and a current ratio of 1.26. Sunrun Inc. has a 52 week low of $8.43 and a 52 week high of $23.85.

Sunrun (NASDAQ:RUN) last announced its quarterly earnings data on Wednesday, February 21st. The energy company reported ($1.33) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by ($1.20). The company had revenue of $516.59 million for the quarter, compared to analyst estimates of $499.74 million. Sunrun had a negative net margin of 71.00% and a negative return on equity of 5.58%. On average, equities research analysts expect that Sunrun Inc. will post -1.69 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have recently commented on RUN shares. Susquehanna restated a “positive” rating and set a $25.00 price target on shares of Sunrun in a report on Friday, April 5th. KeyCorp reiterated a “sector weight” rating on shares of Sunrun in a report on Thursday, January 4th. Janney Montgomery Scott cut shares of Sunrun from a “buy” rating to a “neutral” rating in a report on Tuesday, February 27th. Truist Financial reiterated a “hold” rating and issued a $14.00 price objective (down from $15.00) on shares of Sunrun in a report on Monday, February 26th. Finally, BMO Capital Markets upped their price objective on shares of Sunrun from $18.00 to $20.00 and gave the stock a “market perform” rating in a report on Thursday, February 22nd. Seven investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, Sunrun has an average rating of “Moderate Buy” and an average target price of $21.26.

Sunrun Company 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.