Healthcare of Ontario Pension Plan Trust Fund Grows Stock Position in Sunrun Inc. (NASDAQ:RUN)

Healthcare of Ontario Pension Plan Trust Fund boosted its position in Sunrun Inc. (NASDAQ:RUN - Free Report) by 8.2% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 630,003 shares of the energy company's stock after purchasing an additional 47,786 shares during the period. Healthcare of Ontario Pension Plan Trust Fund owned 0.28% of Sunrun worth $11,378,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of RUN. Greenvale Capital LLP increased its holdings in Sunrun by 20.5% in the second quarter. Greenvale Capital LLP now owns 11,750,000 shares of the energy company's stock valued at $139,355,000 after purchasing an additional 2,000,000 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Sunrun by 20.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,385,218 shares of the energy company's stock valued at $52,025,000 after buying an additional 729,633 shares during the last quarter. FMR LLC raised its position in shares of Sunrun by 83.6% during the third quarter. FMR LLC now owns 3,430,327 shares of the energy company's stock worth $61,952,000 after acquiring an additional 1,562,163 shares during the last quarter. Handelsbanken Fonder AB lifted its stake in shares of Sunrun by 0.6% in the third quarter. Handelsbanken Fonder AB now owns 3,123,059 shares of the energy company's stock worth $56,402,000 after acquiring an additional 18,000 shares during the period. Finally, Sylebra Capital LLC bought a new stake in Sunrun in the second quarter valued at approximately $35,387,000. 91.69% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on RUN. UBS Group decreased their target price on shares of Sunrun from $18.00 to $14.00 and set a "neutral" rating for the company in a research report on Tuesday. Piper Sandler downgraded shares of Sunrun from an "overweight" rating to a "neutral" rating and lowered their target price for the stock from $23.00 to $11.00 in a research note on Friday, November 22nd. Wells Fargo & Company dropped their target price on shares of Sunrun from $20.00 to $15.00 and set an "overweight" rating on the stock in a report on Friday, November 8th. StockNews.com upgraded Sunrun to a "sell" rating in a report on Friday, September 27th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on Sunrun from $12.00 to $16.50 and gave the company a "hold" rating in a research note on Thursday, August 8th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $19.28.

Insiders Place Their Bets

In other Sunrun news, Director Lynn Michelle Jurich sold 1,937 shares of Sunrun stock in a transaction on Friday, September 6th. The shares were sold at an average price of $18.23, for a total transaction of $35,311.51. Following the transaction, the director now directly owns 1,242,446 shares of the company's stock, valued at $22,649,790.58. The trade was a 0.16 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Danny Abajian sold 9,694 shares of the stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $19.75, for a total transaction of $191,456.50. Following the completion of the sale, the chief financial officer now owns 278,260 shares of the company's stock, valued at approximately $5,495,635. This represents a 3.37 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 196,795 shares of company stock valued at $3,071,225. Corporate insiders own 3.77% of the company's stock.

Sunrun Stock Down 0.2 %

Shares of RUN traded down $0.02 on Friday, reaching $11.53. The company's stock had a trading volume of 4,635,149 shares, compared to its average volume of 11,919,967. Sunrun Inc. has a twelve month low of $9.23 and a twelve month high of $22.26. The stock has a market capitalization of $2.59 billion, a PE ratio of -6.35 and a beta of 2.61. 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 firm has a fifty day moving average of $14.22 and a 200-day moving average of $15.36.

Sunrun 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.