GSA Capital Partners LLP Sells 13,969 Shares of Sunrun Inc. (NASDAQ:RUN)

GSA Capital Partners LLP lessened its holdings in shares of Sunrun Inc. (NASDAQ:RUN) by 20.6% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 53,716 shares of the energy company’s stock after selling 13,969 shares during the quarter. GSA Capital Partners LLP’s holdings in Sunrun were worth $970,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. International Assets Investment Management LLC raised its holdings in Sunrun by 1,706.3% in the 3rd quarter. International Assets Investment Management LLC now owns 1,734 shares of the energy company’s stock worth $31,000 after purchasing an additional 1,638 shares in the last quarter. Blue Trust Inc. raised its stake in Sunrun by 385.5% in the third quarter. Blue Trust Inc. now owns 1,845 shares of the energy company’s stock worth $33,000 after buying an additional 1,465 shares in the last quarter. Duncker Streett & Co. Inc. purchased a new stake in Sunrun in the second quarter worth about $36,000. CWM LLC boosted its position in Sunrun by 883.9% during the 2nd quarter. CWM LLC now owns 3,355 shares of the energy company’s stock valued at $40,000 after acquiring an additional 3,014 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Sunrun during the 2nd quarter worth approximately $45,000. Hedge funds and other institutional investors own 91.69% of the company’s stock.

Sunrun Stock Down 9.3 %

Shares of Sunrun stock opened at $9.89 on Friday. Sunrun Inc. has a twelve month low of $9.23 and a twelve month 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. The company’s 50 day moving average is $15.70 and its 200 day moving average is $15.39. The company has a market cap of $2.22 billion, a price-to-earnings ratio of -5.43 and a beta of 2.61.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Wells Fargo & Company dropped their price target on Sunrun from $20.00 to $15.00 and set an “overweight” rating on the stock in a research report on Friday, November 8th. Susquehanna dropped their target price on shares of Sunrun from $24.00 to $23.00 and set a “positive” rating on the stock in a report on Wednesday, October 16th. Barclays decreased their price target on shares of Sunrun from $19.00 to $18.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 16th. StockNews.com raised shares of Sunrun to a “sell” rating in a research note on Friday, September 27th. Finally, Roth Mkm decreased their target price on shares of Sunrun from $35.00 to $30.00 and set a “buy” rating for the company in a research note on Friday, November 8th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, Sunrun has a consensus rating of “Hold” and a consensus target price of $20.12.

Insider Buying and Selling at Sunrun

In other Sunrun news, insider Jeanna Steele sold 2,357 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $18.23, for a total transaction of $42,968.11. Following the completion of the sale, the insider now directly owns 308,260 shares of the company’s stock, valued at approximately $5,619,579.80. This represents a 0.76 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Gerald Alan Risk sold 9,045 shares of the stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $20.04, for a total transaction of $181,261.80. Following the completion of the transaction, the director now owns 334,761 shares in the company, valued at $6,708,610.44. The trade was a 2.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 155,840 shares of company stock worth $2,755,487. Insiders own 3.77% of the company’s stock.

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.