Tidal Investments LLC decreased its holdings in Sunrun Inc. (NASDAQ:RUN - Free Report) by 20.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 546,375 shares of the energy company's stock after selling 137,590 shares during the quarter. Tidal Investments LLC owned 0.24% of Sunrun worth $9,868,000 at the end of the most recent quarter.
A number of other hedge funds have also added to or reduced their stakes in RUN. CWM LLC boosted its holdings in shares of Sunrun by 883.9% in 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. SG Americas Securities LLC increased its stake in shares of Sunrun by 202.3% during the 2nd quarter. SG Americas Securities LLC now owns 38,749 shares of the energy company's stock worth $460,000 after purchasing an additional 25,931 shares during the last quarter. Diversified Trust Co bought a new stake in shares of Sunrun in the 2nd quarter worth approximately $218,000. Assenagon Asset Management S.A. purchased a new position in Sunrun in the second quarter valued at approximately $5,309,000. Finally, OFI Invest Asset Management grew its holdings in Sunrun by 1,949.4% during the second quarter. OFI Invest Asset Management now owns 11,149 shares of the energy company's stock valued at $123,000 after purchasing an additional 10,605 shares during the period. Institutional investors and hedge funds own 91.69% of the company's stock.
Sunrun Stock Down 1.4 %
Shares of Sunrun stock traded down $0.14 during trading on Friday, reaching $10.05. The company's stock had a trading volume of 4,341,926 shares, compared to its average volume of 11,716,704. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.47 and a quick ratio of 1.15. Sunrun Inc. has a 52-week low of $9.23 and a 52-week high of $22.26. The firm's 50-day moving average is $12.76 and its two-hundred day moving average is $15.27.
Insiders Place Their Bets
In other news, CEO Mary Powell sold 6,415 shares of the stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $16.34, for a total transaction of $104,821.10. Following the completion of the sale, the chief executive officer now directly owns 569,368 shares in the company, valued at approximately $9,303,473.12. This represents a 1.11 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CRO Paul S. Dickson sold 4,017 shares of the business's stock in a transaction dated Monday, October 7th. The shares were 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 in the company, valued at approximately $6,930,209.10. This represents a 0.94 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 169,691 shares of company stock valued at $2,550,601 over the last three months. Insiders own 3.77% of the company's stock.
Analysts Set New Price Targets
RUN has been the subject of several research reports. Piper Sandler downgraded Sunrun from an "overweight" rating to a "neutral" rating and cut their price target for the stock from $23.00 to $11.00 in a research note on Friday, November 22nd. Wells Fargo & Company dropped their price objective on Sunrun from $20.00 to $15.00 and set an "overweight" rating on the stock in a report on Friday, November 8th. Jefferies Financial Group reduced their target price on Sunrun from $31.00 to $29.00 and set a "buy" rating for the company in a report on Thursday, October 10th. Morgan Stanley lowered their price target on shares of Sunrun from $35.00 to $27.00 and set an "overweight" rating on the stock in a report on Friday, November 15th. Finally, Glj Research restated a "sell" rating and issued a $7.78 price objective on shares of Sunrun in a research report on Thursday, November 7th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat.com, Sunrun presently has an average rating of "Hold" and a consensus price target of $19.28.
View Our Latest Stock Report on RUN
About Sunrun
(
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.
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