Sunrun Inc. (NASDAQ:RUN) Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC raised its holdings in Sunrun Inc. (NASDAQ:RUN) by 0.6% during the third quarter, Holdings Channel.com reports. The firm owned 5,315,667 shares of the energy company’s stock after purchasing an additional 30,549 shares during the period. Geode Capital Management LLC’s holdings in Sunrun were worth $96,019,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. International Assets Investment Management LLC boosted its position in shares of Sunrun by 1,706.3% during the 3rd 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 during the period. Blue Trust Inc. lifted its stake in 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. Duncker Streett & Co. Inc. acquired a new stake in shares of Sunrun in the second quarter valued at $36,000. CWM LLC raised 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 valued at $40,000 after buying an additional 3,014 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new position in Sunrun during the 2nd quarter worth about $45,000. Institutional investors and hedge funds own 91.69% of the company’s stock.

Insider Buying and Selling

In related news, Director Lynn Michelle Jurich sold 50,000 shares of the firm’s stock in a transaction dated Thursday, December 19th. The stock was sold at an average price of $9.42, for a total transaction of $471,000.00. Following the transaction, the director now owns 1,041,753 shares of the company’s stock, valued at $9,813,313.26. This trade represents a 4.58 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Danny Abajian sold 4,869 shares of the company’s stock in a transaction that occurred 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 sale, the chief financial officer now directly owns 269,393 shares of the company’s stock, 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. Insiders have sold 169,691 shares of company stock worth $2,011,601 in the last quarter. 3.77% of the stock is owned by insiders.

Analyst Ratings Changes

RUN has been the subject of several research reports. Glj Research reaffirmed a “sell” rating and issued a $7.78 target price on shares of Sunrun in a research report on Thursday, November 7th. UBS Group dropped their price objective on shares of Sunrun from $18.00 to $14.00 and set a “neutral” rating for the company in a report on Tuesday, November 26th. Piper Sandler lowered shares of Sunrun from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $23.00 to $11.00 in a report on Friday, November 22nd. Morgan Stanley dropped their price target on shares of Sunrun from $35.00 to $27.00 and set an “overweight” rating for the company in a research note on Friday, November 15th. Finally, Barclays reduced their price objective on Sunrun from $19.00 to $18.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 16th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $19.21.

Sunrun Stock Performance

Shares of RUN stock opened at $9.13 on Friday. The stock’s 50-day moving average is $12.09 and its two-hundred day moving average is $15.12. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.15 and a current ratio of 1.47. Sunrun Inc. has a 1 year low of $9.08 and a 1 year high of $22.26. The firm has a market cap of $2.05 billion, a price-to-earnings ratio of -5.02 and a beta of 2.54.

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.