Soros Fund Management LLC lowered its stake in shares of Sunrun Inc. (NASDAQ:RUN - Free Report) by 93.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 80,000 shares of the energy company's stock after selling 1,194,741 shares during the quarter. Soros Fund Management LLC's holdings in Sunrun were worth $1,445,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Tidal Investments LLC boosted its stake in Sunrun by 128.3% in the first quarter. Tidal Investments LLC now owns 41,848 shares of the energy company's stock valued at $552,000 after acquiring an additional 23,514 shares in the last quarter. CWM LLC grew its stake in Sunrun by 883.9% during the 2nd quarter. CWM LLC now owns 3,355 shares of the energy company's stock worth $40,000 after buying an additional 3,014 shares during the last quarter. Simplicity Wealth LLC acquired a new position in Sunrun during the 2nd quarter valued at about $132,000. QRG Capital Management Inc. raised its stake in Sunrun by 4.9% in the second quarter. QRG Capital Management Inc. now owns 27,818 shares of the energy company's stock valued at $330,000 after buying an additional 1,309 shares during the last quarter. Finally, SG Americas Securities LLC boosted its holdings in Sunrun by 202.3% in the second quarter. SG Americas Securities LLC now owns 38,749 shares of the energy company's stock worth $460,000 after acquiring an additional 25,931 shares in the last quarter. Hedge funds and other institutional investors own 91.69% of the company's stock.
Wall Street Analyst Weigh In
Several equities research analysts have recently commented on the stock. Barclays lowered their price objective on shares of Sunrun from $19.00 to $18.00 and set an "equal weight" rating for the company in a research note on Wednesday, October 16th. Morgan Stanley lowered their price target on Sunrun from $35.00 to $27.00 and set an "overweight" rating for the company in a research report on Friday, November 15th. Glj Research reissued a "sell" rating and issued a $7.78 price objective on shares of Sunrun in a report on Thursday, November 7th. The Goldman Sachs Group reaffirmed a "buy" rating and set a $20.00 target price on shares of Sunrun in a report on Wednesday, September 25th. Finally, UBS Group dropped their target price on Sunrun from $18.00 to $14.00 and set a "neutral" rating on the stock in a research report on Tuesday, November 26th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $19.28.
Read Our Latest Stock Analysis on Sunrun
Sunrun Price Performance
RUN stock traded down $0.02 during mid-day trading on Friday, reaching $10.34. The company's stock had a trading volume of 2,298,455 shares, compared to its average volume of 11,802,779. The company has a current ratio of 1.47, a quick ratio of 1.15 and a debt-to-equity ratio of 1.92. The company's 50 day moving average is $13.46 and its two-hundred day moving average is $15.33. Sunrun Inc. has a fifty-two week low of $9.23 and a fifty-two week high of $22.26. The stock has a market cap of $2.32 billion, a PE ratio of -5.69 and a beta of 2.54.
Insiders Place Their Bets
In other Sunrun news, Director Edward Harris Fenster sold 4,646 shares of the firm's stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $18.01, for a total transaction of $83,674.46. Following the completion of the sale, the director now owns 1,202,777 shares of the company's stock, valued at $21,662,013.77. This trade represents a 0.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CRO Paul S. Dickson sold 4,017 shares of the stock in a transaction on Monday, October 7th. The stock was sold at an average price of $16.35, for a total value of $65,677.95. Following the transaction, the executive now owns 423,866 shares of the company's stock, valued at approximately $6,930,209.10. This represents a 0.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 174,337 shares of company stock valued at $2,634,276 in the last three months. 3.77% of the stock is currently owned by insiders.
Sunrun Company Profile
(
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.
Featured Stories
Before you consider Sunrun, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Sunrun wasn't on the list.
While Sunrun currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
