Point72 DIFC Ltd Sells 444,905 Shares of Sunrun Inc. (NASDAQ:RUN)

Point72 DIFC Ltd lowered its holdings in Sunrun Inc. (NASDAQ:RUN - Free Report) by 96.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 17,003 shares of the energy company's stock after selling 444,905 shares during the quarter. Point72 DIFC Ltd's holdings in Sunrun were worth $307,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Maple Rock Capital Partners Inc. boosted its stake in Sunrun by 0.6% in the third quarter. Maple Rock Capital Partners Inc. now owns 1,865,600 shares of the energy company's stock valued at $33,693,000 after acquiring an additional 10,600 shares during the last quarter. Centiva Capital LP lifted its stake in shares of Sunrun by 212.1% in the 3rd quarter. Centiva Capital LP now owns 56,025 shares of the energy company's stock valued at $1,012,000 after purchasing an additional 106,025 shares during the period. Point72 Hong Kong Ltd bought a new position in shares of Sunrun in the 3rd quarter worth $391,000. Erste Asset Management GmbH acquired a new stake in shares of Sunrun during the third quarter worth $76,152,000. Finally, Edgestream Partners L.P. increased its holdings in Sunrun by 771.4% in the third quarter. Edgestream Partners L.P. now owns 88,968 shares of the energy company's stock valued at $1,607,000 after purchasing an additional 78,758 shares during the last quarter. Institutional investors own 91.69% of the company's stock.

Analyst Upgrades and Downgrades

RUN has been the topic of several recent analyst reports. UBS Group reduced their price objective on shares of Sunrun from $18.00 to $14.00 and set a "neutral" rating on the stock in a research note on Tuesday, November 26th. Oppenheimer cut their target price on shares of Sunrun from $22.00 to $20.00 and set an "outperform" rating on the stock in a report on Friday, November 8th. Roth Mkm decreased their price target on shares of Sunrun from $35.00 to $30.00 and set a "buy" rating for the company in a report on Friday, November 8th. Guggenheim downgraded Sunrun from a "buy" rating to a "neutral" rating in a research note on Thursday, November 7th. Finally, Jefferies Financial Group decreased their target price on Sunrun from $31.00 to $29.00 and set a "buy" rating for the company in a research note on Thursday, October 10th. Two research 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's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $19.28.

Sunrun Stock Up 2.1 %

Shares of Sunrun stock traded up $0.22 during trading hours on Friday, reaching $10.58. 6,286,524 shares of the company's stock were exchanged, compared to its average volume of 10,884,896. The stock has a market cap of $2.37 billion, a P/E ratio of -5.81 and a beta of 2.54. The company has a 50 day moving average of $13.30 and a two-hundred day moving average of $15.32. The company has a current ratio of 1.47, a quick ratio of 1.15 and a debt-to-equity ratio of 1.92. Sunrun Inc. has a fifty-two week low of $9.23 and a fifty-two week high of $22.26.

Insider Buying and Selling at Sunrun

In other news, insider Jeanna Steele sold 2,624 shares of Sunrun stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $16.35, for a total transaction of $42,902.40. Following the completion of the transaction, the insider now directly owns 305,636 shares in the company, valued at approximately $4,997,148.60. The trade was a 0.85 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Lynn Michelle Jurich sold 50,000 shares of the stock in a transaction 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 trade represents a 4.38 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 174,337 shares of company stock worth $2,634,276 over the last ninety days. 3.77% of the stock is currently owned by corporate insiders.

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.