Sunrun Inc. (NASDAQ:RUN) Shares Sold by Migdal Insurance & Financial Holdings Ltd.

Migdal Insurance & Financial Holdings Ltd. cut its holdings in Sunrun Inc. (NASDAQ:RUN) by 27.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 7,870 shares of the energy company’s stock after selling 3,000 shares during the period. Migdal Insurance & Financial Holdings Ltd.’s holdings in Sunrun were worth $157,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. International Assets Investment Management LLC acquired a new position in Sunrun during the 3rd quarter valued at about $26,000. C M Bidwell & Associates Ltd. boosted 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 boosted 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 boosted 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. Finally, Hexagon Capital Partners LLC boosted 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. 91.69% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. BMO Capital Markets boosted their target price on shares of Sunrun from $18.00 to $20.00 and gave the company a “market perform” rating in a research note on Thursday, February 22nd. Mizuho boosted their price target on shares of Sunrun from $23.00 to $28.00 and gave the stock a “buy” rating in a research report on Wednesday, January 3rd. The Goldman Sachs Group boosted their price target on shares of Sunrun from $20.00 to $21.00 and gave the stock a “buy” rating in a research report on Thursday, February 22nd. Janney Montgomery Scott downgraded shares of Sunrun from a “buy” rating to a “neutral” rating in a research report on Tuesday, February 27th. Finally, Oppenheimer restated an “outperform” rating and set a $19.00 price target on shares of Sunrun in a research report on Thursday, February 22nd. One analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $21.53.

Insider Activity

In other news, CRO Paul S. Dickson sold 10,412 shares of the business’s stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $12.12, for a total transaction of $126,193.44. Following the sale, the executive now owns 298,717 shares in the company, valued at $3,620,450.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CRO Paul S. Dickson sold 14,945 shares of the business’s stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $12.07, for a total transaction of $180,386.15. Following the transaction, the executive now directly owns 283,772 shares of the company’s stock, valued at $3,425,128.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CRO Paul S. Dickson sold 10,412 shares of the business’s stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $12.12, for a total transaction of $126,193.44. Following the transaction, the executive now directly owns 298,717 shares in the company, valued at $3,620,450.04. The disclosure for this sale can be found here. Insiders have sold 301,760 shares of company stock worth $3,615,990 over the last 90 days. 3.76% of the stock is owned by company insiders.

Sunrun Stock Down 6.8 %

NASDAQ RUN opened at $10.11 on Friday. Sunrun Inc. has a 12 month low of $8.43 and a 12 month high of $23.85. The company’s 50 day simple moving average is $12.47 and its 200 day simple moving average is $13.17. The company has a current ratio of 1.26, a quick ratio of 0.96 and a debt-to-equity ratio of 1.68.

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

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.