Landscape Capital Management L.L.C. Purchases New Stake in Sunrun Inc. (NASDAQ:RUN)

Landscape Capital Management L.L.C. purchased a new stake in Sunrun Inc. (NASDAQ:RUN) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 72,459 shares of the energy company’s stock, valued at approximately $1,309,000.

Other large investors also recently made changes to their positions in the company. International Assets Investment Management LLC grew its stake in Sunrun by 1,706.3% during the third quarter. International Assets Investment Management LLC now owns 1,734 shares of the energy company’s stock worth $31,000 after buying an additional 1,638 shares in the last quarter. Blue Trust Inc. increased its position in Sunrun by 385.5% during the 3rd quarter. Blue Trust Inc. now owns 1,845 shares of the energy company’s stock worth $33,000 after purchasing an additional 1,465 shares in the last quarter. Duncker Streett & Co. Inc. bought a new position in Sunrun in the 2nd quarter valued at approximately $36,000. CWM LLC boosted its position in Sunrun by 883.9% in the second quarter. CWM LLC now owns 3,355 shares of the energy company’s stock valued at $40,000 after buying an additional 3,014 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Sunrun during the second quarter worth $45,000. Institutional investors own 91.69% of the company’s stock.

Sunrun Trading Up 2.8 %

NASDAQ RUN opened at $10.51 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 company’s 50 day moving average is $15.05 and its 200-day moving average is $15.37. Sunrun Inc. has a 12-month low of $9.23 and a 12-month high of $22.26.

Insider Activity at Sunrun

In other Sunrun news, insider Jeanna Steele sold 2,357 shares of Sunrun stock in a transaction dated 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 $5,619,579.80. The trade was a 0.76 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Lynn Michelle Jurich sold 1,937 shares of the stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $18.23, for a total transaction of $35,311.51. Following the completion of the sale, the director now directly owns 1,242,446 shares in the company, valued at approximately $22,649,790.58. The trade was a 0.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 196,795 shares of company stock worth $3,071,225. Corporate insiders own 3.77% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on RUN. BNP Paribas downgraded Sunrun from an “outperform” rating to a “neutral” rating and set a $14.00 target price on the stock. in a report on Friday, November 8th. Jefferies Financial Group decreased their target price on shares of Sunrun from $31.00 to $29.00 and set a “buy” rating for the company in a research report on Thursday, October 10th. Truist Financial reaffirmed a “hold” rating and set a $12.00 price target (down previously from $18.00) on shares of Sunrun in a research report on Tuesday, November 12th. Evercore ISI dropped their price target on Sunrun from $42.00 to $38.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 7th. Finally, Susquehanna reduced their price objective on shares of Sunrun from $24.00 to $23.00 and set a “positive” rating for the company in a report on Wednesday, October 16th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $19.49.

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.