67,725 Shares in Sunrun Inc. (NASDAQ:RUN) Acquired by Intech Investment Management LLC

Intech Investment Management LLC acquired a new stake in shares of Sunrun Inc. (NASDAQ:RUN - Free Report) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm acquired 67,725 shares of the energy company's stock, valued at approximately $1,223,000.

A number of other hedge funds have also recently bought and sold shares of the company. International Assets Investment Management LLC boosted its stake in shares of Sunrun by 1,706.3% in the 3rd quarter. International Assets Investment Management LLC now owns 1,734 shares of the energy company's stock worth $31,000 after buying an additional 1,638 shares during the last quarter. Blue Trust Inc. grew its stake in Sunrun by 385.5% in the 3rd quarter. Blue Trust Inc. now owns 1,845 shares of the energy company's stock valued at $33,000 after purchasing an additional 1,465 shares during the period. Duncker Streett & Co. Inc. purchased a new stake in shares of Sunrun during the 2nd quarter valued at $36,000. CWM LLC raised its stake in shares of Sunrun by 883.9% during the 2nd quarter. CWM LLC now owns 3,355 shares of the energy company's stock worth $40,000 after purchasing an additional 3,014 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Sunrun in the 2nd quarter worth about $45,000. 91.69% of the stock is owned by hedge funds and other institutional investors.

Sunrun Price Performance

Shares of RUN stock traded up $0.06 on Wednesday, reaching $11.55. The company's stock had a trading volume of 7,617,539 shares, compared to its average volume of 11,951,623. The company has a market capitalization of $2.59 billion, a P/E ratio of -6.47 and a beta of 2.61. Sunrun Inc. has a 12-month low of $9.23 and a 12-month high of $22.26. The stock's 50 day simple moving average is $14.54 and its 200-day simple moving average is $15.41. The company has a quick ratio of 1.15, a current ratio of 1.47 and a debt-to-equity ratio of 1.92.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on RUN shares. Evercore ISI decreased their price objective on shares of Sunrun from $42.00 to $38.00 and set an "outperform" rating for the company in a report on Wednesday, August 7th. BMO Capital Markets lowered their price target on shares of Sunrun from $20.00 to $11.00 and set a "market perform" rating on the stock in a report on Monday, November 11th. JPMorgan Chase & Co. upped their price objective on Sunrun from $19.00 to $22.00 and gave the company an "overweight" rating in a research note on Wednesday, August 7th. BNP Paribas downgraded 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. Finally, Susquehanna cut their price target on Sunrun from $24.00 to $23.00 and set a "positive" rating for the company in a research note on Wednesday, October 16th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $19.28.

Insider Buying and Selling at Sunrun

In other Sunrun news, Director Lynn Michelle Jurich sold 1,937 shares of the company's stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $18.23, for a total value of $35,311.51. Following the completion of the sale, the director now owns 1,242,446 shares of the company's stock, valued at $22,649,790.58. This represents a 0.16 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CRO Paul S. Dickson sold 2,537 shares of the business's stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $18.23, for a total transaction of $46,249.51. Following the completion of the sale, the executive now owns 427,883 shares of the company's stock, valued at approximately $7,800,307.09. The trade was a 0.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 196,795 shares of company stock valued at $3,071,225 in the last 90 days. 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.