Sunrun Inc. (NASDAQ:RUN) Shares Purchased by Townsquare Capital LLC

Townsquare Capital LLC grew its stake in shares of Sunrun Inc. (NASDAQ:RUN) by 37.5% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 251,338 shares of the energy company’s stock after acquiring an additional 68,481 shares during the period. Townsquare Capital LLC owned about 0.11% of Sunrun worth $2,325,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Norges Bank purchased a new stake in shares of Sunrun during the fourth quarter valued at $31,022,000. Clal Insurance Enterprises Holdings Ltd purchased a new stake in Sunrun during the fourth quarter valued at about $18,500,000. Invesco Ltd. boosted its holdings in shares of Sunrun by 20.8% in the fourth quarter. Invesco Ltd. now owns 6,008,879 shares of the energy company’s stock worth $55,582,000 after buying an additional 1,035,096 shares during the period. EVR Research LP purchased a new position in shares of Sunrun in the fourth quarter worth approximately $7,400,000. Finally, Erste Asset Management GmbH raised its holdings in shares of Sunrun by 16.3% during the fourth quarter. Erste Asset Management GmbH now owns 4,789,213 shares of the energy company’s stock valued at $47,302,000 after acquiring an additional 672,049 shares during the period. 91.69% of the stock is owned by institutional investors.

Sunrun Price Performance

Shares of Sunrun stock opened at $6.71 on Wednesday. The company has a current ratio of 1.47, a quick ratio of 1.15 and a debt-to-equity ratio of 1.92. The firm has a fifty day simple moving average of $7.10 and a 200-day simple moving average of $10.07. The stock has a market capitalization of $1.52 billion, a price-to-earnings ratio of -3.69 and a beta of 2.74. Sunrun Inc. has a 1-year low of $5.45 and a 1-year high of $22.26.

Insiders Place Their Bets

In related news, insider Jeanna Steele sold 9,942 shares of the company’s stock in a transaction on Monday, April 7th. The shares were sold at an average price of $6.74, for a total transaction of $67,009.08. Following the completion of the transaction, the insider now directly owns 291,238 shares in the company, valued at $1,962,944.12. This represents a 3.30 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Lynn Michelle Jurich sold 50,000 shares of the firm’s stock in a transaction on Friday, January 17th. The stock was sold at an average price of $9.59, for a total transaction of $479,500.00. Following the completion of the sale, the director now owns 991,753 shares in the company, valued at $9,510,911.27. This represents a 4.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 188,540 shares of company stock valued at $1,530,444 in the last quarter. Insiders own 3.77% of the company’s stock.

Analyst Ratings Changes

RUN has been the topic of several research analyst reports. StockNews.com upgraded shares of Sunrun to a “sell” rating in a research report on Friday, December 20th. Royal Bank of Canada reduced their price objective on Sunrun from $17.00 to $14.00 and set an “outperform” rating for the company in a research note on Monday, March 3rd. Barclays lowered their target price on Sunrun from $18.00 to $15.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 28th. The Goldman Sachs Group reduced their price target on shares of Sunrun from $17.00 to $15.00 and set a “buy” rating for the company in a research report on Monday, March 3rd. Finally, UBS Group dropped their price objective on shares of Sunrun from $17.00 to $15.00 and set a “buy” rating on the stock in a research note on Tuesday, March 4th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $16.58.

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.