72,459 Shares in Sunrun Inc. (NASDAQ:RUN) Purchased by Landscape Capital Management L.L.C.

Landscape Capital Management L.L.C. bought a new stake in Sunrun Inc. (NASDAQ:RUN - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 72,459 shares of the energy company's stock, valued at approximately $1,309,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Principal Financial Group Inc. increased its holdings in shares of Sunrun by 33.7% during the third quarter. Principal Financial Group Inc. now owns 1,460,949 shares of the energy company's stock valued at $26,385,000 after acquiring an additional 367,835 shares in the last quarter. Symmetry Investments LP acquired a new position in Sunrun in the 2nd quarter worth approximately $1,205,000. Aigen Investment Management LP acquired a new position in Sunrun in the 3rd quarter worth approximately $955,000. Axxcess Wealth Management LLC acquired a new position in Sunrun in the 1st quarter worth approximately $171,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its holdings in Sunrun by 113.5% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 2,515,302 shares of the energy company's stock worth $45,426,000 after buying an additional 1,337,302 shares during the period. Hedge funds and other institutional investors own 91.69% of the company's stock.

Sunrun Stock Up 2.8 %

RUN stock traded up $0.29 during trading on Friday, hitting $10.51. 7,179,108 shares of the company's stock were exchanged, compared to its average volume of 13,310,308. The business has a 50-day moving average price of $15.05 and a two-hundred day moving average price of $15.37. Sunrun Inc. has a 52-week low of $9.23 and a 52-week high of $22.26. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.47 and a quick ratio of 1.15.

Analyst Ratings Changes

Several research firms have commented on RUN. StockNews.com upgraded Sunrun to a "sell" rating in a research report on Friday, September 27th. Deutsche Bank Aktiengesellschaft upped their price objective on Sunrun from $12.00 to $16.50 and gave the stock a "hold" rating in a research report on Thursday, August 8th. Truist Financial reiterated a "hold" rating and set a $12.00 target price (down previously from $18.00) on shares of Sunrun in a research report on Tuesday, November 12th. Roth Mkm decreased their target price on Sunrun from $35.00 to $30.00 and set a "buy" rating on the stock in a research report on Friday, November 8th. Finally, Piper Sandler lowered Sunrun from an "overweight" rating to a "neutral" rating and decreased their target price for the company from $23.00 to $11.00 in a research report on Friday. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $19.49.

Insider Buying and Selling

In other Sunrun news, Director Lynn Michelle Jurich sold 50,000 shares of Sunrun stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $9.94, for a total transaction of $497,000.00. Following the transaction, the director now owns 1,092,446 shares of the company's stock, valued at $10,858,913.24. The trade was 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 business's stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $18.79, for a total value of $40,360.92. Following the completion of the transaction, the chief executive officer now directly owns 579,193 shares in the company, valued at approximately $10,883,036.47. The trade was a 0.37 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 196,795 shares of company stock worth $3,071,225 over the last 90 days. 3.77% of the stock is owned by insiders.

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.