Handelsbanken Fonder AB Lowers Stock Position in Sunrun Inc. (NASDAQ:RUN)

Handelsbanken Fonder AB lowered its position in Sunrun Inc. (NASDAQ:RUN) by 69.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 949,645 shares of the energy company’s stock after selling 2,173,414 shares during the period. Handelsbanken Fonder AB’s holdings in Sunrun were worth $8,784,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. International Assets Investment Management LLC raised its position in Sunrun by 1,706.3% in the third quarter. International Assets Investment Management LLC now owns 1,734 shares of the energy company’s stock worth $31,000 after acquiring an additional 1,638 shares during the period. Newbridge Financial Services Group Inc. raised its position in Sunrun by 133.3% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 3,500 shares of the energy company’s stock worth $32,000 after acquiring an additional 2,000 shares during the period. Blue Trust Inc. raised its position in Sunrun by 385.5% in the third quarter. Blue Trust Inc. now owns 1,845 shares of the energy company’s stock worth $33,000 after acquiring an additional 1,465 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in Sunrun in the third quarter worth about $44,000. Finally, Union Bancaire Privee UBP SA bought a new stake in Sunrun in the fourth quarter worth about $56,000. Hedge funds and other institutional investors own 91.69% of the company’s stock.

Insiders Place Their Bets

In other news, CRO Paul S. Dickson sold 2,968 shares of the company’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $11.18, for a total value of $33,182.24. Following the completion of the sale, the executive now owns 418,492 shares of the company’s stock, valued at approximately $4,678,740.56. This represents a 0.70 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Lynn Michelle Jurich sold 50,000 shares of the company’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $9.10, for a total transaction of $455,000.00. Following the completion of the sale, the director now directly owns 941,753 shares of the company’s stock, valued at $8,569,952.30. This trade represents a 5.04 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 164,830 shares of company stock valued at $1,572,147 in the last quarter. Corporate insiders own 3.77% of the company’s stock.

Analyst Upgrades and Downgrades

RUN has been the topic of several research reports. Barclays lowered their price objective on shares of Sunrun from $18.00 to $15.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 28th. BNP Paribas raised shares of Sunrun from a “neutral” rating to an “outperform” rating and set a $16.00 price objective on the stock in a research report on Tuesday, January 7th. Morgan Stanley lowered their price target on shares of Sunrun from $35.00 to $27.00 and set an “overweight” rating on the stock in a research report on Friday, November 15th. Jefferies Financial Group lowered their price target on shares of Sunrun from $19.00 to $17.00 and set a “buy” rating on the stock in a research report on Tuesday, January 28th. Finally, Wells Fargo & Company lowered their price target on shares of Sunrun from $15.00 to $12.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 8th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Sunrun currently has a consensus rating of “Moderate Buy” and an average target price of $18.36.

Sunrun Price Performance

RUN stock opened at $8.42 on Friday. 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 Inc. has a one year low of $7.87 and a one year high of $22.26. The stock has a market cap of $1.89 billion, a PE ratio of -4.63 and a beta of 2.59. The firm has a 50 day simple moving average of $9.44 and a two-hundred day simple moving average of $13.43.

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.