MetLife Investment Management LLC raised its position in shares of Sunrun Inc. (NASDAQ:RUN - Free Report) by 129.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 126,174 shares of the energy company's stock after purchasing an additional 71,094 shares during the period. MetLife Investment Management LLC owned 0.06% of Sunrun worth $2,279,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also recently made changes to their positions in the company. Greenvale Capital LLP grew its position in shares of Sunrun by 20.5% in the second quarter. Greenvale Capital LLP now owns 11,750,000 shares of the energy company's stock valued at $139,355,000 after purchasing an additional 2,000,000 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Sunrun by 20.0% during the second quarter. Dimensional Fund Advisors LP now owns 4,385,218 shares of the energy company's stock valued at $52,025,000 after buying an additional 729,633 shares during the period. FMR LLC lifted its holdings in shares of Sunrun by 83.6% in the third quarter. FMR LLC now owns 3,430,327 shares of the energy company's stock worth $61,952,000 after buying an additional 1,562,163 shares in the last quarter. Handelsbanken Fonder AB boosted its position in shares of Sunrun by 0.6% in the third quarter. Handelsbanken Fonder AB now owns 3,123,059 shares of the energy company's stock valued at $56,402,000 after acquiring an additional 18,000 shares during the period. Finally, Sylebra Capital LLC purchased a new position in Sunrun during the second quarter worth about $35,387,000. Hedge funds and other institutional investors own 91.69% of the company's stock.
Wall Street Analyst Weigh In
RUN has been the topic of several recent research reports. Guggenheim lowered Sunrun from a "buy" rating to a "neutral" rating in a research report on Thursday, November 7th. Evercore ISI lowered 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. Wells Fargo & Company decreased their target price on shares of Sunrun from $20.00 to $15.00 and set an "overweight" rating on the stock in a research report on Friday, November 8th. JPMorgan Chase & Co. upped their price target on shares of Sunrun from $19.00 to $22.00 and gave the company an "overweight" rating in a research report on Wednesday, August 7th. Finally, Glj Research restated a "sell" rating and set a $7.78 target price on shares of Sunrun in a report on Thursday, November 7th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $19.28.
Read Our Latest Report on RUN
Sunrun Trading Down 3.3 %
Shares of NASDAQ:RUN traded down $0.35 on Thursday, hitting $10.36. 8,734,697 shares of the company's stock were exchanged, compared to its average volume of 11,843,775. The business's 50 day simple moving average is $13.62 and its two-hundred day simple moving average is $15.36. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.47 and a quick ratio of 1.15. The stock has a market capitalization of $2.32 billion, a price-to-earnings ratio of -5.88 and a beta of 2.54. Sunrun Inc. has a 12 month low of $9.23 and a 12 month high of $22.26.
Insider Activity
In related news, CRO Paul S. Dickson sold 2,537 shares of the firm's stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $18.23, for a total transaction of $46,249.51. Following the sale, the executive now owns 427,883 shares of the company's stock, valued at $7,800,307.09. This trade represents a 0.59 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Lynn Michelle Jurich sold 1,937 shares of the stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $18.23, for a total transaction of $35,311.51. Following the sale, the director now directly owns 1,242,446 shares of the company's stock, valued at approximately $22,649,790.58. The trade was a 0.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 186,719 shares of company stock valued at $2,859,999. Corporate insiders own 3.77% of the company's stock.
Sunrun Company Profile
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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.
Further Reading
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