Banque Cantonale Vaudoise lessened its holdings in Sunrun Inc. (NASDAQ:RUN – Free Report) by 9.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 60,739 shares of the energy company’s stock after selling 6,260 shares during the quarter. Banque Cantonale Vaudoise’s holdings in Sunrun were worth $1,097,000 as of its most recent SEC filing.
Other hedge funds also recently modified their holdings of the company. International Assets Investment Management LLC boosted its holdings in shares of Sunrun by 1,706.3% during the 3rd quarter. International Assets Investment Management LLC now owns 1,734 shares of the energy company’s stock valued at $31,000 after acquiring an additional 1,638 shares in the last quarter. Blue Trust Inc. boosted its holdings in shares of Sunrun by 385.5% during the 3rd quarter. Blue Trust Inc. now owns 1,845 shares of the energy company’s stock valued at $33,000 after acquiring an additional 1,465 shares in the last quarter. Duncker Streett & Co. Inc. acquired a new stake in shares of Sunrun during the 2nd quarter valued at $36,000. CWM LLC boosted its holdings in shares of Sunrun by 883.9% during the 2nd quarter. CWM LLC now owns 3,355 shares of the energy company’s stock valued at $40,000 after acquiring an additional 3,014 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new position in Sunrun during the 2nd quarter worth $45,000. Institutional investors and hedge funds own 91.69% of the company’s stock.
Analyst Upgrades and Downgrades
Several research analysts recently issued reports on RUN shares. BNP Paribas lowered Sunrun from an “outperform” rating to a “neutral” rating and set a $14.00 target price for the company. in a research report on Friday, November 8th. Susquehanna lowered their target price on Sunrun from $24.00 to $23.00 and set a “positive” rating for the company in a research report on Wednesday, October 16th. StockNews.com raised Sunrun to a “sell” rating in a research report on Friday, September 27th. Jefferies Financial Group lowered their target price on Sunrun from $31.00 to $29.00 and set a “buy” rating for the company in a research report on Thursday, October 10th. Finally, Guggenheim lowered Sunrun from a “buy” rating to a “neutral” rating in a research report on Thursday, November 7th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $20.12.
Sunrun Stock Up 5.0 %
Shares of NASDAQ:RUN opened at $10.20 on Thursday. Sunrun Inc. has a 52-week low of $9.23 and a 52-week high of $22.26. The firm has a fifty day moving average of $15.22 and a 200 day moving average of $15.41. The firm has a market capitalization of $2.29 billion, a PE ratio of -5.60 and a beta of 2.61. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.15 and a current ratio of 1.47.
Insider Buying and Selling
In other Sunrun news, Director Lynn Michelle Jurich sold 50,000 shares of the company’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $9.94, for a total transaction of $497,000.00. Following the completion of the sale, the director now directly owns 1,092,446 shares in the company, valued at $10,858,913.24. This represents a 4.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Mary Powell sold 2,148 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $18.79, for a total transaction of $40,360.92. Following the transaction, the chief executive officer now directly owns 579,193 shares of the company’s stock, valued at approximately $10,883,036.47. This trade represents a 0.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 196,795 shares of company stock worth $3,071,225. Corporate insiders own 3.77% of the company’s stock.
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.
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