Quantbot Technologies LP Increases Position in Sunrun Inc. (NASDAQ:RUN)

Quantbot Technologies LP raised its position in shares of Sunrun Inc. (NASDAQ:RUN) by 229.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 246,893 shares of the energy company’s stock after buying an additional 172,058 shares during the period. Quantbot Technologies LP owned about 0.11% of Sunrun worth $4,459,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of the company. Vanguard Group Inc. lifted its holdings in Sunrun by 14.0% during the 1st quarter. Vanguard Group Inc. now owns 22,325,106 shares of the energy company’s stock worth $294,245,000 after buying an additional 2,743,148 shares in the last quarter. Greenvale Capital LLP raised its stake in shares of Sunrun by 20.5% in the second quarter. Greenvale Capital LLP now owns 11,750,000 shares of the energy company’s stock valued at $139,355,000 after acquiring an additional 2,000,000 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Sunrun by 20.0% in the second quarter. Dimensional Fund Advisors LP now owns 4,385,218 shares of the energy company’s stock valued at $52,025,000 after purchasing an additional 729,633 shares during the period. FMR LLC grew its stake in Sunrun by 83.6% during the 3rd quarter. FMR LLC now owns 3,430,327 shares of the energy company’s stock worth $61,952,000 after purchasing an additional 1,562,163 shares in the last quarter. Finally, Handelsbanken Fonder AB increased its holdings in Sunrun by 0.6% during the 3rd quarter. Handelsbanken Fonder AB now owns 3,123,059 shares of the energy company’s stock worth $56,402,000 after purchasing an additional 18,000 shares during the period. 91.69% of the stock is owned by institutional investors and hedge funds.

Sunrun Price Performance

RUN opened at $11.49 on Wednesday. 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 12 month low of $9.23 and a 12 month high of $22.26. The business has a 50 day simple moving average of $14.72 and a 200-day simple moving average of $15.41.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. BMO Capital Markets lowered their price objective on Sunrun from $20.00 to $11.00 and set a “market perform” rating for the company in a research report on Monday, November 11th. UBS Group dropped their price objective on shares of Sunrun from $18.00 to $14.00 and set a “neutral” rating on the stock in a research report on Tuesday. Glj Research reiterated a “sell” rating and set a $7.78 target price on shares of Sunrun in a research note on Thursday, November 7th. Oppenheimer cut their price target on Sunrun from $22.00 to $20.00 and set an “outperform” rating on the stock in a research note on Friday, November 8th. Finally, Truist Financial reiterated a “hold” rating and issued a $12.00 price objective (down previously from $18.00) on shares of Sunrun in a report on Tuesday, November 12th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $19.28.

Insiders Place Their Bets

In other Sunrun news, insider Jeanna Steele sold 2,357 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 $42,968.11. Following the completion of the transaction, the insider now owns 308,260 shares of the company’s stock, valued at approximately $5,619,579.80. This trade represents a 0.76 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Mary Powell sold 2,148 shares of the company’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $18.79, for a total value of $40,360.92. Following the completion of the sale, the chief executive officer now owns 579,193 shares in the company, valued at $10,883,036.47. This represents a 0.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 196,795 shares of company stock worth $3,071,225. 3.77% of the stock is owned by corporate insiders.

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.