Ballentine Partners LLC Sells 21,403 Shares of Sunrun Inc. (NASDAQ:RUN)

Ballentine Partners LLC trimmed its position in Sunrun Inc. (NASDAQ:RUN) by 67.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 10,354 shares of the energy company’s stock after selling 21,403 shares during the period. Ballentine Partners LLC’s holdings in Sunrun were worth $96,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Erste Asset Management GmbH bought a new position in shares of Sunrun during the third quarter worth $76,152,000. Sylebra Capital LLC bought a new stake in Sunrun during the second quarter worth about $35,387,000. Greenvale Capital LLP grew its stake in shares of Sunrun by 20.5% in the second quarter. Greenvale Capital LLP now owns 11,750,000 shares of the energy company’s stock valued at $139,355,000 after buying an additional 2,000,000 shares in the last quarter. FMR LLC lifted its stake in Sunrun by 83.6% in the 3rd quarter. FMR LLC now owns 3,430,327 shares of the energy company’s stock valued at $61,952,000 after purchasing an additional 1,562,163 shares during the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its holdings in shares of Sunrun by 113.5% during the 3rd 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 acquiring an additional 1,337,302 shares during the last quarter. 91.69% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on RUN shares. TD Cowen started coverage on Sunrun in a report on Thursday, December 19th. They set a “buy” rating and a $21.00 price objective for the company. The Goldman Sachs Group decreased their target price on Sunrun from $19.00 to $17.00 and set a “buy” rating on the stock in a research report on Tuesday, December 17th. Wells Fargo & Company reduced their price objective on Sunrun from $15.00 to $12.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 8th. Guggenheim lowered Sunrun from a “buy” rating to a “neutral” rating in a research report on Thursday, November 7th. Finally, Roth Mkm dropped their target price on shares of Sunrun from $35.00 to $30.00 and set a “buy” rating on the stock in a report 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 stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $19.11.

Sunrun Trading Up 9.5 %

Shares of RUN stock opened at $10.23 on Monday. The company has a market capitalization of $2.29 billion, a price-to-earnings ratio of -5.62 and a beta of 2.58. Sunrun Inc. has a 52-week low of $8.22 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 company has a 50-day simple moving average of $10.23 and a two-hundred day simple moving average of $14.56.

Sunrun (NASDAQ:RUN) last posted its earnings results on Thursday, November 7th. The energy company reported ($0.37) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.21). Sunrun had a negative return on equity of 5.15% and a negative net margin of 18.80%. The business had revenue of $537.17 million during the quarter, compared to analysts’ expectations of $560.60 million. During the same quarter in the previous year, the business earned $0.40 EPS. Research analysts anticipate that Sunrun Inc. will post -0.41 EPS for the current fiscal year.

Insider Buying and Selling at Sunrun

In other Sunrun news, CFO Danny Abajian sold 3,734 shares of the firm’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $11.18, for a total value of $41,746.12. Following the completion of the sale, the chief financial officer now directly owns 257,969 shares in the company, valued at $2,884,093.42. This trade represents a 1.43 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, 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 completion of the transaction, the executive now owns 418,492 shares of the company’s stock, valued at approximately $4,678,740.56. The trade was a 0.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 164,830 shares of company stock valued at $1,614,147 in the last 90 days. Corporate insiders own 3.77% of the company’s stock.

About Sunrun

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.