Landscape Capital Management L.L.C. Takes $1.31 Million Position in Sunrun Inc. (NASDAQ:RUN)

Landscape Capital Management L.L.C. purchased a new position in Sunrun Inc. (NASDAQ:RUN) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 72,459 shares of the energy company’s stock, valued at approximately $1,309,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. grew its holdings in shares of Sunrun by 33.7% in the 3rd quarter. Principal Financial Group Inc. now owns 1,460,949 shares of the energy company’s stock worth $26,385,000 after purchasing an additional 367,835 shares during the last quarter. Symmetry Investments LP acquired a new position in Sunrun in the second quarter valued at about $1,205,000. Aigen Investment Management LP bought a new stake in Sunrun during the third quarter worth about $955,000. Axxcess Wealth Management LLC acquired a new stake in shares of Sunrun during the first quarter worth approximately $171,000. Finally, Assenagon Asset Management S.A. raised its stake in shares of Sunrun by 207.3% in the third quarter. Assenagon Asset Management S.A. now owns 1,375,584 shares of the energy company’s stock valued at $24,843,000 after acquiring an additional 927,947 shares during the last quarter. Institutional investors own 91.69% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on RUN. 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. JPMorgan Chase & Co. raised their target price on Sunrun from $19.00 to $22.00 and gave the company an “overweight” rating in a research note on Wednesday, August 7th. Guggenheim downgraded shares of Sunrun from a “buy” rating to a “neutral” rating in a research report on Thursday, November 7th. StockNews.com raised shares of Sunrun to a “sell” rating in a report on Friday, September 27th. Finally, Oppenheimer dropped their target price on shares of Sunrun from $22.00 to $20.00 and set an “outperform” rating for the company in a research note on Friday, November 8th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $19.49.

Insider Activity

In related news, CFO Danny Abajian sold 9,694 shares of the stock in a transaction on 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 transaction, the chief financial officer now owns 278,260 shares in the company, valued at approximately $5,495,635. This represents a 3.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Lynn Michelle Jurich sold 50,000 shares of Sunrun stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $9.94, for a total transaction of $497,000.00. Following the completion of the sale, the director now owns 1,092,446 shares in the company, valued at $10,858,913.24. The trade was a 4.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 196,795 shares of company stock worth $3,071,225 over the last three months. Corporate insiders own 3.77% of the company’s stock.

Sunrun Trading Up 2.8 %

Shares of RUN stock opened at $10.51 on Friday. Sunrun Inc. has a 12-month low of $9.23 and a 12-month high of $22.26. The firm has a fifty day moving average of $15.05 and a 200-day moving average of $15.37. 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 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.