Charles Schwab Investment Management Inc. Has $39.20 Million Stock Holdings in Sunrun Inc. (NASDAQ:RUN)

Charles Schwab Investment Management Inc. boosted its stake in Sunrun Inc. (NASDAQ:RUN - Free Report) by 5.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,170,251 shares of the energy company's stock after acquiring an additional 107,391 shares during the period. Charles Schwab Investment Management Inc. owned about 0.97% of Sunrun worth $39,195,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. International Assets Investment Management LLC raised its holdings 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 buying an additional 1,638 shares during the last quarter. Blue Trust Inc. raised its holdings in Sunrun by 385.5% during the third 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 in the last quarter. Duncker Streett & Co. Inc. purchased a new position in Sunrun during the second quarter worth about $36,000. CWM LLC raised its holdings in Sunrun by 883.9% during the second quarter. CWM LLC now owns 3,355 shares of the energy company's stock worth $40,000 after purchasing an additional 3,014 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new position in Sunrun during the second quarter worth about $45,000. 91.69% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CFO Danny Abajian sold 9,694 shares of Sunrun stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $19.75, for a total value of $191,456.50. Following the sale, the chief financial officer now directly owns 278,260 shares in the company, valued at $5,495,635. This trade represents a 3.37 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Mary Powell sold 3,410 shares of Sunrun stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $18.23, for a total transaction of $62,164.30. Following the completion of the sale, the chief executive officer now owns 575,783 shares in the company, valued at approximately $10,496,524.09. This represents a 0.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 196,413 shares of company stock valued at $3,051,456 in the last ninety days. Corporate insiders own 3.77% of the company's stock.

Sunrun Stock Performance

RUN traded down $0.41 during trading hours on Tuesday, reaching $11.26. 6,370,068 shares of the stock traded hands, compared to its average volume of 11,872,725. The firm's fifty day simple moving average is $13.93 and its two-hundred day simple moving average is $15.40. Sunrun Inc. has a fifty-two week low of $9.23 and a fifty-two week high of $22.26. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.47 and a quick ratio of 1.15.

Analysts Set New Price Targets

Several research firms have recently commented on RUN. Wells Fargo & Company lowered their price target 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. BMO Capital Markets decreased their target price on shares of Sunrun from $20.00 to $11.00 and set a "market perform" rating on the stock in a research report on Monday, November 11th. Guggenheim lowered shares of Sunrun from a "buy" rating to a "neutral" rating in a research report on Thursday, November 7th. Roth Mkm decreased their target price on shares of Sunrun from $35.00 to $30.00 and set a "buy" rating on the stock in a research report on Friday, November 8th. Finally, Evercore ISI decreased their target price on shares of Sunrun from $42.00 to $38.00 and set an "outperform" rating on the stock in a research report on Wednesday, August 7th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $19.28.

Sunrun Company Profile

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.