Public Sector Pension Investment Board Lowers Stock Position in Sunrun Inc. (NASDAQ:RUN)

Public Sector Pension Investment Board reduced its position in Sunrun Inc. (NASDAQ:RUN) by 2.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 474,299 shares of the energy company’s stock after selling 13,400 shares during the quarter. Public Sector Pension Investment Board’s holdings in Sunrun were worth $8,566,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in RUN. Price T Rowe Associates Inc. MD raised its holdings in Sunrun by 1.0% in 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 buying an additional 2,056 shares during the period. Tidal Investments LLC raised its stake in shares of Sunrun by 128.3% in the 1st quarter. Tidal Investments LLC now owns 41,848 shares of the energy company’s stock valued at $552,000 after acquiring an additional 23,514 shares during the period. Swedbank AB purchased a new position in shares of Sunrun in the 1st quarter valued at $3,055,000. GAMMA Investing LLC lifted its holdings in shares of Sunrun by 233.3% during the 2nd quarter. GAMMA Investing LLC now owns 16,832 shares of the energy company’s stock valued at $200,000 after acquiring an additional 11,782 shares in the last quarter. Finally, Everence Capital Management Inc. purchased a new stake in Sunrun during the 2nd quarter worth $380,000. Institutional investors and hedge funds own 91.69% of the company’s stock.

Insiders Place Their Bets

In related news, Director Lynn Michelle Jurich sold 50,000 shares of Sunrun stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $20.20, for a total transaction of $1,010,000.00. Following the sale, the director now directly owns 1,192,446 shares of the company’s stock, valued at $24,087,409.20. This trade represents a 4.02 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jeanna Steele sold 2,357 shares of Sunrun stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $18.23, for a total value of $42,968.11. Following the sale, the insider now directly owns 308,260 shares in the company, valued at $5,619,579.80. The trade was a 0.76 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 196,795 shares of company stock valued at $3,071,225 in the last quarter. Insiders own 3.77% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on RUN shares. UBS Group reduced their price objective on Sunrun from $18.00 to $14.00 and set a “neutral” rating on the stock in a research note on Tuesday. Truist Financial reissued a “hold” rating and set a $12.00 price target (down from $18.00) on shares of Sunrun in a research report on Tuesday, November 12th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $20.00 price objective on shares of Sunrun in a research report on Wednesday, September 25th. Roth Mkm reduced their target price on shares of Sunrun from $35.00 to $30.00 and set a “buy” rating on the stock in a research report on Friday, November 8th. Finally, 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 research note on Thursday, August 8th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $19.28.

Sunrun Price Performance

Shares of NASDAQ:RUN opened at $11.53 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. The stock has a market capitalization of $2.59 billion, a P/E ratio of -6.34 and a beta of 2.61. The business has a 50-day moving average of $14.22 and a two-hundred day moving average of $15.36. Sunrun Inc. has a fifty-two week low of $9.23 and a fifty-two week high of $22.26.

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.