Caisse DE Depot ET Placement DU Quebec Sells 157,355 Shares of Sunrun Inc. (NASDAQ:RUN)

Caisse DE Depot ET Placement DU Quebec reduced its position in Sunrun Inc. (NASDAQ:RUN - Free Report) by 40.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 228,500 shares of the energy company's stock after selling 157,355 shares during the period. Caisse DE Depot ET Placement DU Quebec owned about 0.10% of Sunrun worth $4,127,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. International Assets Investment Management LLC boosted its position in 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 worth $31,000 after acquiring an additional 1,638 shares during the period. Blue Trust Inc. boosted its holdings in shares of Sunrun by 385.5% during the third quarter. Blue Trust Inc. now owns 1,845 shares of the energy company's stock worth $33,000 after purchasing an additional 1,465 shares during the period. Duncker Streett & Co. Inc. purchased a new position in Sunrun during the second quarter valued at approximately $36,000. CWM LLC increased its stake in Sunrun by 883.9% in the 2nd quarter. CWM LLC now owns 3,355 shares of the energy company's stock valued at $40,000 after buying an additional 3,014 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Sunrun in the 2nd quarter worth approximately $45,000. 91.69% of the stock is owned by hedge funds and other institutional investors.

Sunrun Price Performance

Shares of Sunrun stock traded down $0.41 during midday trading on Tuesday, hitting $11.26. The company had a trading volume of 6,370,068 shares, compared to its average volume of 11,872,725. The business's 50 day simple moving average is $13.93 and its two-hundred day simple moving average is $15.40. Sunrun Inc. has a 1-year low of $9.23 and a 1-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.

Insider Activity at Sunrun

In other Sunrun news, CFO Danny Abajian sold 2,141 shares of the firm's stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $18.23, for a total transaction of $39,030.43. Following the completion of the transaction, the chief financial officer now owns 276,119 shares in the company, valued at $5,033,649.37. This trade represents a 0.77 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Lynn Michelle Jurich sold 50,000 shares of the company's stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $9.94, for a total value of $497,000.00. Following the completion of the sale, the director now owns 1,092,446 shares in the company, valued at approximately $10,858,913.24. This represents a 4.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 196,413 shares of company stock worth $3,051,456. Company insiders own 3.77% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on RUN shares. StockNews.com raised shares of Sunrun to a "sell" rating in a research note on Friday, September 27th. Jefferies Financial Group dropped their target price on Sunrun from $31.00 to $29.00 and set a "buy" rating on the stock in a research report on Thursday, October 10th. The Goldman Sachs Group reissued a "buy" rating and issued a $20.00 price target on shares of Sunrun in a research note on Wednesday, September 25th. Evercore ISI cut their price objective on shares of Sunrun from $42.00 to $38.00 and set an "outperform" rating on the stock in a research report on Wednesday, August 7th. Finally, Barclays decreased their target price on shares of Sunrun from $19.00 to $18.00 and set an "equal weight" rating for the company in a research report on Wednesday, October 16th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $19.28.

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.