Aigen Investment Management LP Makes New Investment in Sunrun Inc. (NASDAQ:RUN)

Aigen Investment Management LP acquired a new position in Sunrun Inc. (NASDAQ:RUN - Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 52,876 shares of the energy company's stock, valued at approximately $955,000.

A number of other large investors have also recently bought and sold shares of the business. International Assets Investment Management LLC boosted its holdings in Sunrun by 1,706.3% during the third 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 during the period. Blue Trust Inc. boosted its holdings in Sunrun by 385.5% during the third 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 during the period. Duncker Streett & Co. Inc. bought a new stake in Sunrun during the second quarter valued at about $36,000. CWM LLC boosted its holdings in Sunrun by 883.9% during the second 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 during the period. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new stake in Sunrun during the second quarter valued at about $45,000. 91.69% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CRO Paul S. Dickson sold 2,537 shares of the stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $18.23, for a total transaction of $46,249.51. Following the sale, the executive now directly owns 427,883 shares of the company's stock, valued at $7,800,307.09. This represents a 0.00 % 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. In other Sunrun news, Director Gerald Alan Risk sold 9,045 shares of the firm's stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $20.04, for a total value of $181,261.80. Following the transaction, the director now directly owns 334,761 shares of the company's stock, valued at approximately $6,708,610.44. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CRO Paul S. Dickson sold 2,537 shares of the firm's stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $18.23, for a total transaction of $46,249.51. Following the completion of the transaction, the executive now directly owns 427,883 shares in the company, valued at approximately $7,800,307.09. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 155,840 shares of company stock valued at $2,755,487 over the last three months. 3.77% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of brokerages have recently commented on RUN. Oppenheimer cut their price objective on shares of Sunrun from $22.00 to $20.00 and set an "outperform" rating for the company in a research report on Friday, November 8th. Glj Research reaffirmed a "sell" rating and set a $7.78 price objective on shares of Sunrun in a research report on Thursday, November 7th. Evercore ISI cut their price objective on shares of Sunrun from $42.00 to $38.00 and set an "outperform" rating for the company in a research report on Wednesday, August 7th. Guggenheim lowered shares of Sunrun from a "buy" rating to a "neutral" rating in a research report on Thursday, November 7th. Finally, Morgan Stanley reissued an "overweight" rating and issued a $35.00 price target on shares of Sunrun in a research report on Tuesday, September 24th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, Sunrun presently has an average rating of "Hold" and a consensus target price of $20.54.

Sunrun Price Performance

Shares of RUN traded up $0.53 during mid-day trading on Wednesday, hitting $10.27. 12,626,816 shares of the company traded hands, compared to its average volume of 12,031,030. Sunrun Inc. has a one year low of $9.23 and a one year high of $22.26. The company has a current ratio of 1.47, a quick ratio of 1.15 and a debt-to-equity ratio of 1.92. The business has a 50-day moving average of $16.03 and a 200 day moving average of $15.43. The stock has a market capitalization of $2.30 billion, a price-to-earnings ratio of -5.64 and a beta of 2.61.

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.