Sunrun Inc. (NASDAQ:RUN) Holdings Boosted by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd grew its stake in shares of Sunrun Inc. (NASDAQ:RUN) by 89.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 142,880 shares of the energy company’s stock after purchasing an additional 67,411 shares during the quarter. Dynamic Technology Lab Private Ltd owned approximately 0.06% of Sunrun worth $2,581,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in Sunrun by 14.0% in the first quarter. Vanguard Group Inc. now owns 22,325,106 shares of the energy company’s stock worth $294,245,000 after purchasing an additional 2,743,148 shares during the period. CANADA LIFE ASSURANCE Co boosted its holdings in shares of Sunrun by 35.3% in the first quarter. CANADA LIFE ASSURANCE Co now owns 259,789 shares of the energy company’s stock valued at $3,423,000 after acquiring an additional 67,761 shares in the last quarter. Axxcess Wealth Management LLC bought a new position in shares of Sunrun in the first quarter valued at approximately $171,000. Price T Rowe Associates Inc. MD increased its stake in shares of Sunrun by 1.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 215,836 shares of the energy company’s stock valued at $2,845,000 after acquiring an additional 2,056 shares during the period. Finally, Bayesian Capital Management LP lifted its position in Sunrun by 169.4% in the first quarter. Bayesian Capital Management LP now owns 99,302 shares of the energy company’s stock worth $1,309,000 after purchasing an additional 62,443 shares during the period. 91.69% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

RUN has been the topic of several research analyst reports. Susquehanna lowered their price target on Sunrun from $24.00 to $23.00 and set a “positive” rating on the stock in a research report on Wednesday, October 16th. Guggenheim lowered Sunrun from a “buy” rating to a “neutral” rating in a report on Thursday, November 7th. Glj Research reissued a “sell” rating and issued a $7.78 price target on shares of Sunrun in a report on Thursday, November 7th. StockNews.com raised shares of Sunrun to a “sell” rating in a research note on Friday, September 27th. Finally, Jefferies Financial Group dropped their target price on shares of Sunrun from $31.00 to $29.00 and set a “buy” rating on the stock in a report on Thursday, October 10th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $19.49.

Insider Buying and Selling

In other Sunrun news, CFO Danny Abajian sold 9,694 shares of Sunrun stock in a transaction that occurred 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 sale, the chief financial officer now directly owns 278,260 shares in the company, valued at $5,495,635. The trade was a 3.37 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CRO Paul S. Dickson sold 2,537 shares of the 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 transaction, the executive now owns 427,883 shares in the company, valued at approximately $7,800,307.09. This trade represents a 0.59 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 196,795 shares of company stock worth $3,071,225. 3.77% of the stock is owned by company insiders.

Sunrun Stock Performance

NASDAQ:RUN opened at $10.51 on Monday. Sunrun Inc. has a fifty-two week low of $9.23 and a fifty-two week high of $22.26. The company has a quick ratio of 1.15, a current ratio of 1.47 and a debt-to-equity ratio of 1.92. The stock’s 50-day moving average is $14.88 and its two-hundred day moving average is $15.41.

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.