Mirae Asset Global Investments Co. Ltd. decreased its position in Sunrun Inc. (NASDAQ:RUN - Free Report) by 40.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 75,000 shares of the energy company's stock after selling 50,000 shares during the quarter. Mirae Asset Global Investments Co. Ltd.'s holdings in Sunrun were worth $712,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. International Assets Investment Management LLC increased its position 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 acquiring an additional 1,638 shares during the last quarter. Blue Trust Inc. increased its position in shares of Sunrun by 385.5% in the third quarter. Blue Trust Inc. now owns 1,845 shares of the energy company's stock valued at $33,000 after acquiring an additional 1,465 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in Sunrun during the third quarter worth about $44,000. Union Bancaire Privee UBP SA bought a new position in Sunrun during the fourth quarter worth about $56,000. Finally, Wealth Enhancement Advisory Services LLC bought a new position in Sunrun during the fourth quarter worth about $94,000. Institutional investors and hedge funds own 91.69% of the company's stock.
Sunrun Price Performance
Shares of RUN traded up $0.24 during trading hours on Friday, reaching $8.82. The stock had a trading volume of 7,499,245 shares, compared to its average volume of 10,613,304. The stock has a market capitalization of $1.98 billion, a PE ratio of -4.85 and a beta of 2.59. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.15 and a current ratio of 1.47. Sunrun Inc. has a 12 month low of $7.87 and a 12 month high of $22.26. The company's 50-day moving average is $9.62 and its two-hundred day moving average is $13.70.
Wall Street Analysts Forecast Growth
A number of research firms recently commented on RUN. BMO Capital Markets reduced their price target on Sunrun from $20.00 to $11.00 and set a "market perform" rating for the company in a report on Monday, November 11th. Guggenheim downgraded Sunrun from a "buy" rating to a "neutral" rating in a research report on Thursday, November 7th. Glj Research reaffirmed a "sell" rating and issued a $7.78 target price on shares of Sunrun in a research report on Thursday, November 7th. 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, Oppenheimer reduced their price target on Sunrun from $22.00 to $20.00 and set an "outperform" rating on the stock in a research report on Friday, November 8th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, Sunrun currently has a consensus rating of "Moderate Buy" and a consensus target price of $18.36.
Get Our Latest Analysis on RUN
Insider Buying and Selling
In other news, CEO Mary Powell sold 4,350 shares of the firm's stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $11.18, for a total value of $48,633.00. Following the completion of the sale, the chief executive officer now directly owns 560,321 shares in the company, valued at $6,264,388.78. This trade represents a 0.77 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Lynn Michelle Jurich sold 50,000 shares of the firm's stock in a transaction dated Thursday, December 19th. The shares were sold at an average price of $9.42, for a total value of $471,000.00. Following the completion of 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. Insiders sold a total of 164,830 shares of company stock valued at $1,614,147 in the last three months. 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.
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