Victory Capital Management Inc. Lowers Stock Holdings in Sunrun Inc. (NASDAQ:RUN)

Victory Capital Management Inc. lowered its position in shares of Sunrun Inc. (NASDAQ:RUN) by 6.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 42,226 shares of the energy company’s stock after selling 3,148 shares during the period. Victory Capital Management Inc.’s holdings in Sunrun were worth $763,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of RUN. International Assets Investment Management LLC grew its position in shares of Sunrun by 1,706.3% during the 3rd quarter. International Assets Investment Management LLC now owns 1,734 shares of the energy company’s stock valued at $31,000 after purchasing an additional 1,638 shares in the last quarter. Blue Trust Inc. boosted its stake in Sunrun by 385.5% during the third quarter. Blue Trust Inc. now owns 1,845 shares of the energy company’s stock valued at $33,000 after buying an additional 1,465 shares during the period. Duncker Streett & Co. Inc. bought a new position in Sunrun in the 2nd quarter worth about $36,000. CWM LLC raised its holdings in shares of Sunrun by 883.9% in 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. bought a new stake in shares of Sunrun during the 2nd quarter valued at about $45,000. Institutional investors own 91.69% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on RUN. Oppenheimer lowered their target price on shares of Sunrun from $22.00 to $20.00 and set an “outperform” rating on the stock in a research note on Friday, November 8th. JPMorgan Chase & Co. raised their price objective on shares of Sunrun from $19.00 to $22.00 and gave the company an “overweight” rating in a research report on Wednesday, August 7th. Guggenheim lowered shares of Sunrun from a “buy” rating to a “neutral” rating in a research report on Thursday, November 7th. The Goldman Sachs Group restated a “buy” rating and set a $20.00 price target on shares of Sunrun in a research report on Wednesday, September 25th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on Sunrun from $12.00 to $16.50 and gave the company a “hold” rating in a research report on Thursday, August 8th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Sunrun currently has an average rating of “Hold” and a consensus price target of $19.28.

Insider Transactions at Sunrun

In other news, CFO Danny Abajian sold 9,694 shares of the stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $19.75, for a total value of $191,456.50. Following the sale, the chief financial officer now directly owns 278,260 shares of the company’s stock, valued at approximately $5,495,635. This represents a 3.37 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Lynn Michelle Jurich sold 50,000 shares of Sunrun stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $9.94, for a total value of $497,000.00. Following the completion of the transaction, the director now directly owns 1,092,446 shares of the company’s stock, valued at approximately $10,858,913.24. This represents a 4.38 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 196,795 shares of company stock valued at $3,071,225 in the last three months. 3.77% of the stock is currently owned by company insiders.

Sunrun Trading Up 0.5 %

NASDAQ RUN opened at $11.55 on Friday. The firm has a market capitalization of $2.59 billion, a PE ratio of -6.35 and a beta of 2.61. The stock’s 50 day moving average is $14.37 and its 200 day moving average is $15.38. 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.

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.