Sunrun Inc. (NASDAQ:RUN) Shares Sold by Nicola Wealth Management LTD.

Nicola Wealth Management LTD. reduced its holdings in shares of Sunrun Inc. (NASDAQ:RUN) by 32.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 102,000 shares of the energy company’s stock after selling 48,000 shares during the period. Nicola Wealth Management LTD.’s holdings in Sunrun were worth $1,842,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Sylebra Capital LLC purchased a new stake in shares of Sunrun during the 2nd quarter worth about $35,387,000. Vanguard Group Inc. lifted its position in shares of Sunrun by 14.0% in 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 during the last quarter. Greenvale Capital LLP boosted its holdings in shares of Sunrun by 20.5% during 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 during the period. Senator Investment Group LP bought a new position in Sunrun in the 2nd quarter worth approximately $11,860,000. Finally, Assenagon Asset Management S.A. boosted its position in shares of Sunrun by 207.3% during the 3rd quarter. Assenagon Asset Management S.A. now owns 1,375,584 shares of the energy company’s stock valued at $24,843,000 after purchasing an additional 927,947 shares in the last quarter. Hedge funds and other institutional investors own 91.69% of the company’s stock.

Insider Activity at Sunrun

In other Sunrun news, Director Lynn Michelle Jurich sold 50,000 shares of the business’s stock in a transaction that occurred on 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 completion of the transaction, the director now owns 1,192,446 shares in the company, valued at $24,087,409.20. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Sunrun news, Director Lynn Michelle Jurich sold 50,000 shares of the firm’s stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $20.20, for a total value of $1,010,000.00. Following the completion of the sale, the director now owns 1,192,446 shares of the company’s stock, valued at approximately $24,087,409.20. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Danny Abajian sold 9,694 shares of the company’s stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $19.75, for a total transaction of $191,456.50. Following the transaction, the chief financial officer now owns 278,260 shares in the company, valued at $5,495,635. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 155,840 shares of company stock worth $2,755,487. 3.77% of the stock is owned by corporate insiders.

Sunrun Stock Performance

NASDAQ:RUN traded up $0.08 during mid-day trading on Thursday, reaching $10.35. The company’s stock had a trading volume of 2,001,410 shares, compared to its average volume of 11,985,681. The firm’s fifty day moving average price is $16.03 and its two-hundred day moving average price is $15.43. Sunrun Inc. has a 12-month low of $9.23 and a 12-month high of $22.26. The stock has a market cap of $2.32 billion, a P/E ratio of -5.64 and a beta of 2.61. The company has a current ratio of 1.47, a quick ratio of 1.15 and a debt-to-equity ratio of 1.92.

Analysts Set New Price Targets

A number of research firms have issued reports on RUN. Evercore ISI cut their target price on shares of Sunrun from $42.00 to $38.00 and set an “outperform” rating for the company in a research report on Wednesday, August 7th. Truist Financial reiterated a “hold” rating and issued a $12.00 price objective (down from $18.00) on shares of Sunrun in a research note on Tuesday. BMO Capital Markets cut their price target on shares of Sunrun from $20.00 to $11.00 and set a “market perform” rating for the company in a report on Monday. Wells Fargo & Company decreased their target price on Sunrun from $20.00 to $15.00 and set an “overweight” rating on the stock in a report on Friday, November 8th. Finally, The Goldman Sachs Group reiterated a “buy” rating and issued a $20.00 price target on shares of Sunrun in a report on Wednesday, September 25th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $20.54.

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.