RWC Asset Management LLP Has $4.56 Million Stake in Sunrun Inc. (NASDAQ:RUN)

RWC Asset Management LLP lifted its holdings in Sunrun Inc. (NASDAQ:RUN) by 103.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 492,403 shares of the energy company’s stock after acquiring an additional 250,714 shares during the quarter. RWC Asset Management LLP owned approximately 0.22% of Sunrun worth $4,555,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Principal Financial Group Inc. raised its position 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 valued at $26,385,000 after acquiring an additional 367,835 shares during the last quarter. Erste Asset Management GmbH bought a new position in Sunrun during the 3rd quarter worth about $76,152,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its stake in Sunrun by 113.5% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 2,515,302 shares of the energy company’s stock valued at $45,426,000 after acquiring an additional 1,337,302 shares in the last quarter. Aigen Investment Management LP acquired a new position in Sunrun during the third quarter worth $955,000. Finally, MetLife Investment Management LLC grew its holdings in shares of Sunrun by 129.1% in the 3rd quarter. MetLife Investment Management LLC now owns 126,174 shares of the energy company’s stock valued at $2,279,000 after acquiring an additional 71,094 shares in the last quarter. Institutional investors own 91.69% of the company’s stock.

Insider Buying and Selling at Sunrun

In other Sunrun news, CRO Paul S. Dickson sold 2,968 shares of the stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $11.18, for a total transaction of $33,182.24. Following the sale, the executive now directly owns 418,492 shares of the company’s stock, valued at approximately $4,678,740.56. This trade represents a 0.70 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Lynn Michelle Jurich sold 50,000 shares of Sunrun stock in a transaction that occurred on Thursday, December 19th. The shares were sold at an average price of $9.42, for a total transaction of $471,000.00. Following the transaction, the director now directly owns 1,041,753 shares of the company’s stock, valued at approximately $9,813,313.26. This trade represents a 4.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 164,830 shares of company stock valued at $1,572,147 in the last ninety days. Corporate insiders own 3.77% of the company’s stock.

Sunrun Trading Down 1.4 %

RUN opened at $8.42 on Monday. The stock’s 50 day moving average price is $9.44 and its 200-day moving average price is $13.40. The stock has a market cap of $1.89 billion, a price-to-earnings ratio of -4.63 and a beta of 2.59. 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 one year low of $7.87 and a one year high of $22.26.

Analyst Ratings Changes

A number of brokerages have recently issued reports on RUN. BNP Paribas raised shares of Sunrun from a “neutral” rating to an “outperform” rating and set a $16.00 target price on the stock in a report on Tuesday, January 7th. Morgan Stanley lowered their price objective on Sunrun from $35.00 to $27.00 and set an “overweight” rating on the stock in a research note on Friday, November 15th. The Goldman Sachs Group decreased their price objective on shares of Sunrun from $19.00 to $17.00 and set a “buy” rating on the stock in a research note on Tuesday, December 17th. StockNews.com upgraded Sunrun to a “sell” rating in a research note on Friday, December 20th. Finally, Oppenheimer dropped their price target on shares of Sunrun from $22.00 to $20.00 and set an “outperform” rating for the company in a research note on Friday, November 8th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, Sunrun currently has a consensus rating of “Moderate Buy” and a consensus price target of $18.36.

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.