Sunrun Inc. (NASDAQ:RUN) Shares Sold by Tidal Investments LLC

Tidal Investments LLC cut its holdings in Sunrun Inc. (NASDAQ:RUN) by 20.1% during the third quarter, Holdings Channel reports. The institutional investor owned 546,375 shares of the energy company’s stock after selling 137,590 shares during the period. Tidal Investments LLC’s holdings in Sunrun were worth $9,868,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. International Assets Investment Management LLC increased its position in shares of Sunrun by 1,706.3% during the third quarter. International Assets Investment Management LLC now owns 1,734 shares of the energy company’s stock worth $31,000 after purchasing an additional 1,638 shares in the last quarter. Blue Trust Inc. increased its position in shares of 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. Wilmington Savings Fund Society FSB acquired a new stake in shares of Sunrun during the third quarter worth about $44,000. Duncker Streett & Co. Inc. acquired a new position in Sunrun in the 2nd quarter valued at about $36,000. Finally, CWM LLC increased its position in Sunrun by 883.9% in the 2nd quarter. CWM LLC now owns 3,355 shares of the energy company’s stock valued at $40,000 after acquiring an additional 3,014 shares during the period. Institutional investors and hedge funds own 91.69% of the company’s stock.

Insider Buying and Selling

In other Sunrun news, Director Lynn Michelle Jurich sold 50,000 shares of the stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $20.20, for a total transaction of $1,010,000.00. Following the sale, the director now owns 1,192,446 shares in the company, valued at approximately $24,087,409.20. This represents a 4.02 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CRO Paul S. Dickson sold 4,017 shares of the stock in a transaction on Monday, October 7th. The shares were sold at an average price of $16.35, for a total value of $65,677.95. Following the sale, the executive now owns 423,866 shares in the company, valued at approximately $6,930,209.10. This trade represents a 0.94 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 169,691 shares of company stock worth $2,550,601 in the last quarter. Company insiders own 3.77% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on RUN. BNP Paribas cut Sunrun from an “outperform” rating to a “neutral” rating and set a $14.00 price target on the stock. in a research report on Friday, November 8th. UBS Group dropped their price target on Sunrun from $18.00 to $14.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 26th. Jefferies Financial Group dropped their price target on Sunrun from $31.00 to $29.00 and set a “buy” rating on the stock in a research report on Thursday, October 10th. Truist Financial restated a “hold” rating and issued a $12.00 price target (down previously from $18.00) on shares of Sunrun in a research report on Tuesday, November 12th. Finally, Morgan Stanley dropped their price target on Sunrun from $35.00 to $27.00 and set an “overweight” rating on the stock in a research report on Friday, November 15th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $19.28.

Sunrun Trading Down 3.0 %

RUN opened at $10.19 on Friday. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.15 and a current ratio of 1.47. The stock’s 50 day simple moving average is $12.76 and its 200 day simple moving average is $15.27. Sunrun Inc. has a 1-year low of $9.23 and a 1-year high of $22.26.

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.