Wetherby Asset Management Inc. Cuts Holdings in Sunrun Inc (RUN)

Wetherby Asset Management Inc. reduced its position in shares of Sunrun Inc (NASDAQ:RUN) by 9.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 126,227 shares of the energy company’s stock after selling 13,500 shares during the period. Wetherby Asset Management Inc.’s holdings in Sunrun were worth $745,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Citigroup Inc. increased its stake in Sunrun by 760.3% during the 2nd quarter. Citigroup Inc. now owns 18,678 shares of the energy company’s stock worth $133,000 after buying an additional 16,507 shares in the last quarter. Dynamic Technology Lab Private Ltd increased its stake in Sunrun by 30.0% during the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 22,241 shares of the energy company’s stock worth $159,000 after buying an additional 5,134 shares in the last quarter. Russell Investments Group Ltd. purchased a new stake in Sunrun during the 3rd quarter worth approximately $123,000. Teacher Retirement System of Texas purchased a new stake in Sunrun during the 4th quarter worth approximately $140,000. Finally, Aperio Group LLC acquired a new position in shares of Sunrun during the 4th quarter worth approximately $153,000. Institutional investors own 77.34% of the company’s stock.

Several research analysts have recently weighed in on RUN shares. Zacks Investment Research cut Sunrun from a “hold” rating to a “sell” rating in a report on Thursday, November 9th. Bank of America started coverage on Sunrun in a report on Monday, November 6th. They set a “buy” rating on the stock. Deutsche Bank set a $10.00 target price on Sunrun and gave the stock a “buy” rating in a report on Monday, January 22nd. Oppenheimer restated a “buy” rating and set a $10.00 target price on shares of Sunrun in a report on Thursday, November 9th. Finally, ValuEngine cut Sunrun from a “strong-buy” rating to a “buy” rating in a report on Friday, February 2nd. One investment analyst has rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $8.96.

Sunrun Inc (RUN) opened at $6.78 on Tuesday. Sunrun Inc has a twelve month low of $4.21 and a twelve month high of $7.78. The firm has a market capitalization of $727.47, a P/E ratio of 7.79, a PEG ratio of 0.17 and a beta of -0.48. The company has a current ratio of 0.72, a quick ratio of 0.60 and a debt-to-equity ratio of 0.89.

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Sunrun Profile

Sunrun Inc is engaged in the design, development, installation, sale, ownership and maintenance of residential solar energy systems (Projects) in the United States. The Company is engaged in providing solar energy services and products to its customers. As of December 31, 2016, it operated a fleet of residential solar energy systems in the United States, with approximately 134,000 customers across 16 states, as well as the District of Columbia.

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Institutional Ownership by Quarter for Sunrun (NASDAQ:RUN)

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