Tidal Investments LLC lowered its position in shares of Sunrun Inc. (NASDAQ:RUN - Free Report) by 20.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 546,375 shares of the energy company's stock after selling 137,590 shares during the quarter. Tidal Investments LLC owned approximately 0.24% of Sunrun worth $9,868,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. Principal Financial Group Inc. increased its holdings in shares of Sunrun by 33.7% in the third quarter. Principal Financial Group Inc. now owns 1,460,949 shares of the energy company's stock valued at $26,385,000 after purchasing an additional 367,835 shares during the last quarter. Erste Asset Management GmbH acquired a new stake in shares of Sunrun in the third quarter valued at approximately $76,152,000. Symmetry Investments LP acquired a new stake in shares of Sunrun in the second quarter valued at approximately $1,205,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its holdings in shares of Sunrun by 113.5% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 2,515,302 shares of the energy company's stock valued at $45,426,000 after purchasing an additional 1,337,302 shares during the last quarter. Finally, Aigen Investment Management LP acquired a new stake in shares of Sunrun in the third quarter valued at approximately $955,000. Institutional investors and hedge funds own 91.69% of the company's stock.
In other Sunrun news, Director Lynn Michelle Jurich sold 50,000 shares of the firm's stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $20.20, for a total value of $1,010,000.00. Following the sale, the director now directly owns 1,192,446 shares in the company, valued at $24,087,409.20. This trade represents a 4.02 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Danny Abajian sold 4,869 shares of the firm's stock in a transaction on Monday, October 7th. The shares were sold at an average price of $16.35, for a total value of $79,608.15. Following the completion of the sale, the chief financial officer now owns 269,393 shares in the company, valued at approximately $4,404,575.55. This represents a 1.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 169,691 shares of company stock worth $2,550,601. Company insiders own 3.77% of the company's stock.
NASDAQ:RUN opened at $10.19 on Friday. The stock has a fifty day moving average price of $12.76 and a 200 day moving average price of $15.27. Sunrun Inc. has a 12-month low of $9.23 and a 12-month high of $22.26. The company has a current ratio of 1.47, a quick ratio of 1.15 and a debt-to-equity ratio of 1.92.
Several equities research analysts recently commented on RUN shares. StockNews.com raised Sunrun to a "sell" rating in a report on Friday, September 27th. The Goldman Sachs Group reaffirmed a "buy" rating and issued a $20.00 price target on shares of Sunrun in a report on Wednesday, September 25th. Barclays cut their price target on Sunrun from $19.00 to $18.00 and set an "equal weight" rating for the company in a report on Wednesday, October 16th. Truist Financial reiterated a "hold" rating and issued a $12.00 price objective (down from $18.00) on shares of Sunrun in a research report on Tuesday, November 12th. Finally, UBS Group lowered their price objective on Sunrun from $18.00 to $14.00 and set a "neutral" rating for the company in a research report on Tuesday, November 26th. Two investment 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 data from MarketBeat.com, Sunrun presently has an average rating of "Hold" and a consensus target price of $19.28.
Get Our Latest Research Report on 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.
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