TCW Group Inc. Purchases New Holdings in Sunrun Inc. (NASDAQ:RUN)

TCW Group Inc. purchased a new position in shares of Sunrun Inc. (NASDAQ:RUN) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 12,060 shares of the energy company’s stock, valued at approximately $218,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. International Assets Investment Management LLC lifted its stake in Sunrun by 1,706.3% in the 3rd quarter. International Assets Investment Management LLC now owns 1,734 shares of the energy company’s stock valued at $31,000 after purchasing an additional 1,638 shares during the last quarter. Blue Trust Inc. raised its stake in Sunrun by 385.5% in the third quarter. Blue Trust Inc. now owns 1,845 shares of the energy company’s stock valued at $33,000 after buying an additional 1,465 shares during the period. Duncker Streett & Co. Inc. acquired a new stake in shares of Sunrun in the second quarter valued at approximately $36,000. CWM LLC boosted its stake in shares of Sunrun by 883.9% during the 2nd quarter. CWM LLC now owns 3,355 shares of the energy company’s stock worth $40,000 after acquiring an additional 3,014 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Sunrun during the 2nd quarter worth approximately $45,000. Institutional investors own 91.69% of the company’s stock.

Sunrun Stock Performance

Shares of NASDAQ:RUN opened at $10.12 on Friday. Sunrun Inc. has a 1 year low of $9.23 and a 1 year high of $22.26. The stock has a market capitalization of $2.27 billion, a price-to-earnings ratio of -5.56 and a beta of 2.54. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.47 and a quick ratio of 1.15. The company’s 50 day simple moving average is $12.63 and its 200 day simple moving average is $15.24.

Insider Buying and Selling at Sunrun

In other news, Director Lynn Michelle Jurich sold 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 19th. The shares were 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 approximately $24,087,409.20. This trade represents a 4.02 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Mary Powell sold 6,415 shares of the company’s stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $16.34, for a total transaction of $104,821.10. Following the transaction, the chief executive officer now owns 569,368 shares of the company’s stock, valued at approximately $9,303,473.12. This represents a 1.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 169,691 shares of company stock valued at $2,550,601. 3.77% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

RUN has been the subject of several research reports. Susquehanna cut their price target on Sunrun from $24.00 to $23.00 and set a “positive” rating for the company in a report on Wednesday, October 16th. UBS Group cut their price objective on shares of Sunrun from $18.00 to $14.00 and set a “neutral” rating for the company in a research report on Tuesday, November 26th. Barclays decreased their target price on Sunrun from $19.00 to $18.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 16th. Roth Mkm dropped their price target on Sunrun from $35.00 to $30.00 and set a “buy” rating for the company in a report on Friday, November 8th. Finally, Truist Financial reaffirmed a “hold” rating and issued a $12.00 price objective (down from $18.00) on shares of Sunrun in a report on Tuesday, November 12th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $19.28.

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.