Sunrun Inc. (NASDAQ:RUN) Shares Sold by Public Sector Pension Investment Board

Public Sector Pension Investment Board trimmed its stake in shares of Sunrun Inc. (NASDAQ:RUN) by 2.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 474,299 shares of the energy company’s stock after selling 13,400 shares during the quarter. Public Sector Pension Investment Board owned 0.21% of Sunrun worth $8,566,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of RUN. Tybourne Capital Management HK Ltd. acquired a new stake in shares of Sunrun in the 3rd quarter valued at $2,171,000. MetLife Investment Management LLC increased its holdings in Sunrun by 129.1% in the third quarter. MetLife Investment Management LLC now owns 126,174 shares of the energy company’s stock valued at $2,279,000 after buying an additional 71,094 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its stake in Sunrun by 8.2% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 630,003 shares of the energy company’s stock valued at $11,378,000 after buying an additional 47,786 shares in the last quarter. Townsquare Capital LLC lifted its holdings in Sunrun by 26.8% during the 3rd quarter. Townsquare Capital LLC now owns 182,857 shares of the energy company’s stock worth $3,302,000 after buying an additional 38,675 shares during the last quarter. Finally, Quantbot Technologies LP boosted its position in shares of Sunrun by 229.9% during the 3rd quarter. Quantbot Technologies LP now owns 246,893 shares of the energy company’s stock worth $4,459,000 after acquiring an additional 172,058 shares in the last quarter. Hedge funds and other institutional investors own 91.69% of the company’s stock.

Sunrun Stock Down 0.2 %

RUN opened at $11.53 on Friday. The business’s fifty day simple moving average is $14.22 and its 200 day simple moving average is $15.36. Sunrun Inc. has a 52 week low of $9.23 and a 52 week high of $22.26. The firm has a market cap of $2.59 billion, a P/E ratio of -6.34 and a beta of 2.61. The company has a quick ratio of 1.15, a current ratio of 1.47 and a debt-to-equity ratio of 1.92.

Insiders Place Their Bets

In other news, CRO Paul S. Dickson sold 2,537 shares of the firm’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $18.23, for a total transaction of $46,249.51. Following the sale, the executive now owns 427,883 shares in the company, valued at $7,800,307.09. This trade represents a 0.59 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Danny Abajian sold 9,694 shares of the company’s stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $19.75, for a total value of $191,456.50. Following the completion of the transaction, the chief financial officer now owns 278,260 shares of the company’s stock, valued at $5,495,635. The trade was a 3.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 196,795 shares of company stock valued at $3,071,225 in the last ninety days. Insiders own 3.77% of the company’s stock.

Analyst Ratings Changes

RUN has been the topic of several research analyst reports. JPMorgan Chase & Co. raised their target price on Sunrun from $19.00 to $22.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 7th. Wells Fargo & Company reduced their price objective on shares of Sunrun from $20.00 to $15.00 and set an “overweight” rating for the company in a research report on Friday, November 8th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Sunrun from $12.00 to $16.50 and gave the company a “hold” rating in a report on Thursday, August 8th. Guggenheim lowered shares of Sunrun from a “buy” rating to a “neutral” rating in a research note on Thursday, November 7th. Finally, Glj Research restated a “sell” rating and issued a $7.78 price objective on shares of Sunrun in a research note on Thursday, November 7th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, Sunrun currently has an average rating of “Hold” and an average price target of $19.28.

About 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.