Assenagon Asset Management S.A. grew its stake in shares of Sunrun Inc. (NASDAQ:RUN - Free Report) by 36.5% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 1,877,502 shares of the energy company's stock after buying an additional 501,918 shares during the period. Assenagon Asset Management S.A. owned approximately 0.84% of Sunrun worth $17,367,000 as of its most recent filing with the SEC.
Other institutional investors also recently modified their holdings of the company. International Assets Investment Management LLC increased its holdings in shares of Sunrun by 1,706.3% in the third quarter. International Assets Investment Management LLC now owns 1,734 shares of the energy company's stock valued at $31,000 after purchasing an additional 1,638 shares in the last quarter. Blue Trust Inc. raised its stake in Sunrun by 385.5% during the 3rd quarter. Blue Trust Inc. now owns 1,845 shares of the energy company's stock worth $33,000 after buying an additional 1,465 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in shares of Sunrun in the 3rd quarter valued at approximately $44,000. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Sunrun during the fourth quarter worth $94,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Sunrun during the second quarter worth about $104,000. Institutional investors and hedge funds own 91.69% of the company's stock.
Sunrun Trading Down 1.2 %
Shares of NASDAQ:RUN traded down $0.11 during mid-day trading on Friday, reaching $9.44. 9,251,623 shares of the company were exchanged, compared to its average volume of 6,805,299. The firm's 50-day simple moving average is $10.31 and its 200 day simple moving average is $14.64. Sunrun Inc. has a 1 year low of $9.01 and a 1 year high of $22.26. The firm has a market cap of $2.12 billion, a price-to-earnings ratio of -5.19 and a beta of 2.58. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.47 and a quick ratio of 1.15.
Insider Buying and Selling
In other Sunrun news, CRO Paul S. Dickson sold 2,968 shares of the company's 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 sale, the executive now directly owns 418,492 shares in the company, valued at $4,678,740.56. This represents a 0.70 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Lynn Michelle Jurich sold 50,000 shares of the business's stock in a transaction that occurred on Thursday, December 19th. The stock was sold at an average price of $9.42, for a total transaction of $471,000.00. Following the sale, the director now owns 1,041,753 shares of the company's stock, valued at approximately $9,813,313.26. This represents a 4.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 114,830 shares of company stock valued at $1,134,647. Corporate insiders own 3.77% of the company's stock.
Analyst Ratings Changes
A number of equities research analysts recently weighed in on the company. Susquehanna dropped their price target on Sunrun from $24.00 to $23.00 and set a "positive" rating on the stock in a research note on Wednesday, October 16th. BNP Paribas raised Sunrun from a "neutral" rating to an "outperform" rating and set a $16.00 price objective on the stock in a research note on Tuesday, January 7th. Barclays reduced their target price on Sunrun from $19.00 to $18.00 and set an "equal weight" rating on the stock in a report on Wednesday, October 16th. The Goldman Sachs Group decreased their target price on Sunrun from $19.00 to $17.00 and set a "buy" rating for the company in a research note on Tuesday, December 17th. Finally, BMO Capital Markets reduced their target price on Sunrun from $20.00 to $11.00 and set a "market perform" rating for the company in a research note on Monday, November 11th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $19.31.
Check Out Our Latest Stock Analysis on RUN
About Sunrun
(
Free Report)
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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