Blueshift Asset Management LLC Has $919,000 Position in Sunrun Inc. (NASDAQ:RUN)

Blueshift Asset Management LLC lessened its holdings in Sunrun Inc. (NASDAQ:RUN) by 58.3% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 50,876 shares of the energy company’s stock after selling 71,140 shares during the period. Blueshift Asset Management LLC’s holdings in Sunrun were worth $919,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Townsquare Capital LLC raised its stake in shares of Sunrun by 26.8% in the third quarter. Townsquare Capital LLC now owns 182,857 shares of the energy company’s stock valued at $3,302,000 after acquiring an additional 38,675 shares during the last quarter. Quantbot Technologies LP boosted its stake in Sunrun by 229.9% in the third quarter. Quantbot Technologies LP now owns 246,893 shares of the energy company’s stock worth $4,459,000 after purchasing an additional 172,058 shares in the last quarter. FMR LLC grew its holdings in shares of Sunrun by 83.6% during the third 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 during the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of Sunrun by 1.1% in the third quarter. The Manufacturers Life Insurance Company now owns 233,551 shares of the energy company’s stock valued at $4,218,000 after buying an additional 2,441 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd grew its holdings in Sunrun by 89.3% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 142,880 shares of the energy company’s stock worth $2,581,000 after acquiring an additional 67,411 shares during the last quarter. 91.69% of the stock is owned by institutional investors and hedge funds.

Sunrun Stock Down 0.3 %

Shares of NASDAQ RUN opened at $11.49 on Wednesday. The company has a fifty day moving average price of $14.72 and a 200 day moving average price of $15.41. Sunrun Inc. has a 1-year low of $9.23 and a 1-year 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.

Insider Transactions at Sunrun

In other Sunrun news, insider Jeanna Steele sold 2,357 shares of the business’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $18.23, for a total transaction of $42,968.11. Following the sale, the insider now directly 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 sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Lynn Michelle Jurich sold 1,937 shares of the firm’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $18.23, for a total value of $35,311.51. Following the completion of the transaction, the director now owns 1,242,446 shares of the company’s stock, valued at $22,649,790.58. The trade was a 0.16 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 196,795 shares of company stock valued at $3,071,225 over the last three months. Company insiders own 3.77% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on RUN shares. Guggenheim cut shares of Sunrun from a “buy” rating to a “neutral” rating in a research report on Thursday, November 7th. Truist Financial reiterated a “hold” rating and issued a $12.00 price target (down previously from $18.00) on shares of Sunrun in a report on Tuesday, November 12th. The Goldman Sachs Group reissued a “buy” rating and set a $20.00 price objective on shares of Sunrun in a report on Wednesday, September 25th. Deutsche Bank Aktiengesellschaft raised 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. Finally, Oppenheimer dropped their price target on shares of Sunrun from $22.00 to $20.00 and set an “outperform” rating for the company in a research note on Friday, November 8th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $19.28.

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.