Intech Investment Management LLC Acquires Shares of 67,725 Sunrun Inc. (NASDAQ:RUN)

Intech Investment Management LLC bought a new position in Sunrun Inc. (NASDAQ:RUN) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 67,725 shares of the energy company’s stock, valued at approximately $1,223,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Principal Financial Group Inc. lifted its stake in Sunrun by 33.7% in the 3rd quarter. Principal Financial Group Inc. now owns 1,460,949 shares of the energy company’s stock worth $26,385,000 after purchasing an additional 367,835 shares in the last quarter. Symmetry Investments LP bought a new position in Sunrun during the second quarter valued at approximately $1,205,000. Aigen Investment Management LP bought a new position in Sunrun during the third quarter valued at approximately $955,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its holdings in Sunrun by 113.5% during the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 2,515,302 shares of the energy company’s stock valued at $45,426,000 after buying an additional 1,337,302 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its stake in Sunrun by 207.3% in the 3rd quarter. Assenagon Asset Management S.A. now owns 1,375,584 shares of the energy company’s stock worth $24,843,000 after acquiring an additional 927,947 shares during the last quarter. Institutional investors own 91.69% of the company’s stock.

Analyst Ratings Changes

RUN has been the subject of a number of recent research reports. 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 report on Wednesday, August 7th. StockNews.com raised shares of Sunrun to a “sell” rating in a research note on Friday, September 27th. UBS Group lowered their price target on shares of Sunrun from $18.00 to $14.00 and set a “neutral” rating for the company in a report on Tuesday. Morgan Stanley reduced their price objective on Sunrun from $35.00 to $27.00 and set an “overweight” rating on the stock in a research note on Friday, November 15th. Finally, Wells Fargo & Company lowered their price objective on Sunrun from $20.00 to $15.00 and set an “overweight” rating for the company in a research note on Friday, November 8th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $19.28.

Insider Activity

In other Sunrun news, 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 transaction of $35,311.51. Following the transaction, the director now owns 1,242,446 shares of the company’s stock, valued at approximately $22,649,790.58. This trade represents a 0.16 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CRO Paul S. Dickson sold 2,537 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $18.23, for a total transaction of $46,249.51. Following the completion of the sale, the executive now directly owns 427,883 shares of the company’s stock, valued at $7,800,307.09. The trade was a 0.59 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 196,795 shares of company stock valued at $3,071,225. Corporate insiders own 3.77% of the company’s stock.

Sunrun Trading Down 0.3 %

Shares of 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. The firm has a market capitalization of $2.58 billion, a price-to-earnings ratio of -6.31 and a beta of 2.61. The company has a 50-day moving average of $14.72 and a 200 day moving average of $15.41. Sunrun Inc. has a 1-year low of $9.23 and a 1-year high of $22.26.

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.