Union Bancaire Privee UBP SA Takes $56,000 Position in Sunrun Inc. (NASDAQ:RUN)

Union Bancaire Privee UBP SA acquired a new position in shares of Sunrun Inc. (NASDAQ:RUN) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 6,056 shares of the energy company’s stock, valued at approximately $56,000.

Several other hedge funds have also recently added to or reduced their stakes in RUN. Principal Financial Group Inc. raised its holdings in Sunrun by 33.7% in 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 in the last quarter. Erste Asset Management GmbH acquired a new position in shares of Sunrun in the third quarter valued at $76,152,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its position in Sunrun by 113.5% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 2,515,302 shares of the energy company’s stock worth $45,426,000 after purchasing an additional 1,337,302 shares during the period. Aigen Investment Management LP acquired a new stake in Sunrun during the third quarter worth $955,000. Finally, MetLife Investment Management LLC raised its stake 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 buying an additional 71,094 shares in the last quarter. Institutional investors own 91.69% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on RUN shares. Jefferies Financial Group dropped their price target on shares of Sunrun from $19.00 to $17.00 and set a “buy” rating for the company in a research report on Tuesday, January 28th. StockNews.com upgraded Sunrun to a “sell” rating in a research report on Friday, December 20th. The Goldman Sachs Group dropped their price objective on Sunrun from $19.00 to $17.00 and set a “buy” rating for the company in a research note on Tuesday, December 17th. BNP Paribas upgraded shares of Sunrun from a “neutral” rating to an “outperform” rating and set a $16.00 target price on the stock in a research note on Tuesday, January 7th. Finally, Roth Mkm decreased their price objective on shares of Sunrun from $35.00 to $30.00 and set a “buy” rating on the stock in a research note on Friday, November 8th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $18.36.

Insider Activity

In other Sunrun news, CRO Paul S. Dickson sold 2,968 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $11.18, for a total value of $33,182.24. Following the completion of the transaction, the executive now directly owns 418,492 shares in the company, valued at $4,678,740.56. This trade represents a 0.70 % decrease in their ownership of the stock. 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 company’s stock in a transaction that occurred on Thursday, December 19th. The stock was sold at an average price of $9.42, for a total value of $471,000.00. Following the sale, the director now owns 1,041,753 shares in the company, valued at approximately $9,813,313.26. This represents a 4.58 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 164,830 shares of company stock worth $1,572,147 over the last ninety days. Insiders own 3.77% of the company’s stock.

Sunrun Stock Down 1.4 %

Shares of Sunrun stock opened at $8.37 on Wednesday. Sunrun Inc. has a 52-week low of $7.87 and a 52-week high of $22.26. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.15 and a current ratio of 1.47. The business’s 50 day simple moving average is $9.37 and its 200 day simple moving average is $13.26. The firm has a market cap of $1.88 billion, a PE ratio of -4.60 and a beta of 2.59.

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.