Sunrun Inc. (NASDAQ:RUN) Shares Purchased by Quantbot Technologies LP

Quantbot Technologies LP raised its stake in Sunrun Inc. (NASDAQ:RUN - Free Report) by 229.9% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 246,893 shares of the energy company's stock after buying an additional 172,058 shares during the quarter. Quantbot Technologies LP owned approximately 0.11% of Sunrun worth $4,459,000 at the end of the most recent quarter.

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

Sunrun Stock Performance

Sunrun stock traded up $0.06 during midday trading on Wednesday, hitting $11.55. 7,617,539 shares of the company's stock were exchanged, compared to its average volume of 11,951,623. Sunrun Inc. has a 12-month low of $9.23 and a 12-month high of $22.26. The stock has a market cap of $2.59 billion, a price-to-earnings ratio of -6.47 and a beta of 2.61. The firm's 50 day simple moving average is $14.54 and its 200 day simple moving average is $15.41. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.15 and a current ratio of 1.47.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on RUN shares. Piper Sandler downgraded shares of Sunrun from an "overweight" rating to a "neutral" rating and reduced their price target for the company from $23.00 to $11.00 in a research note on Friday, November 22nd. Jefferies Financial Group cut their target price on Sunrun from $31.00 to $29.00 and set a "buy" rating on the stock in a research report on Thursday, October 10th. Oppenheimer lowered their price target on Sunrun from $22.00 to $20.00 and set an "outperform" rating for the company in a research report on Friday, November 8th. Susquehanna cut their price objective on Sunrun from $24.00 to $23.00 and set a "positive" rating on the stock in a report on Wednesday, October 16th. Finally, Barclays decreased their target price on Sunrun from $19.00 to $18.00 and set an "equal weight" rating on the stock in a research note on Wednesday, October 16th. Two equities 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 MarketBeat, Sunrun currently has an average rating of "Hold" and an average target price of $19.28.

Insider Buying and Selling at Sunrun

In other Sunrun news, CEO Mary Powell sold 2,148 shares of the stock in a transaction on Tuesday, September 3rd. The stock was 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 owns 579,193 shares in the company, valued at approximately $10,883,036.47. This represents a 0.37 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Danny Abajian sold 9,694 shares of the company's stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $19.75, for a total transaction of $191,456.50. Following the transaction, the chief financial officer now directly owns 278,260 shares in the company, valued at approximately $5,495,635. This trade represents a 3.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 196,795 shares of company stock valued at $3,071,225. 3.77% of the stock is owned by company 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.