Sunrun Inc. (NASDAQ:RUN) Stake Reduced by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC trimmed its stake in Sunrun Inc. (NASDAQ:RUN) by 7.7% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 33,622 shares of the energy company’s stock after selling 2,812 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Sunrun were worth $607,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in Sunrun by 14.0% during the 1st quarter. Vanguard Group Inc. now owns 22,325,106 shares of the energy company’s stock valued at $294,245,000 after acquiring an additional 2,743,148 shares in the last quarter. CANADA LIFE ASSURANCE Co raised its stake in shares of Sunrun by 35.3% during the first quarter. CANADA LIFE ASSURANCE Co now owns 259,789 shares of the energy company’s stock valued at $3,423,000 after purchasing an additional 67,761 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in Sunrun by 1.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 215,836 shares of the energy company’s stock worth $2,845,000 after purchasing an additional 2,056 shares during the period. B. Riley Wealth Advisors Inc. grew its position in Sunrun by 1.4% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 106,628 shares of the energy company’s stock valued at $1,339,000 after buying an additional 1,500 shares in the last quarter. Finally, Tidal Investments LLC increased its stake in Sunrun by 128.3% during the 1st quarter. Tidal Investments LLC now owns 41,848 shares of the energy company’s stock valued at $552,000 after buying an additional 23,514 shares during the period. Institutional investors and hedge funds own 91.69% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on RUN. Guggenheim cut shares of Sunrun from a “buy” rating to a “neutral” rating in a report on Thursday, November 7th. Jefferies Financial Group decreased their price target on Sunrun from $31.00 to $29.00 and set a “buy” rating for the company in a research note on Thursday, October 10th. Glj Research reissued a “sell” rating and issued a $7.78 price objective on shares of Sunrun in a research note on Thursday, November 7th. JPMorgan Chase & Co. raised their target price on Sunrun from $19.00 to $22.00 and gave the company an “overweight” rating in a research note on Wednesday, August 7th. Finally, Morgan Stanley lowered their target price on Sunrun from $35.00 to $27.00 and set an “overweight” rating on the stock in a report on Friday, November 15th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $19.28.

Sunrun Stock Down 0.3 %

Shares of RUN opened at $11.49 on Wednesday. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.15 and a current ratio of 1.47. The company has a 50-day simple moving average of $14.72 and a 200-day simple moving average of $15.41. Sunrun Inc. has a 52 week low of $9.23 and a 52 week high of $22.26. The firm has a market capitalization of $2.58 billion, a P/E ratio of -6.31 and a beta of 2.61.

Insider Activity at Sunrun

In other news, CFO Danny Abajian sold 9,694 shares of the company’s stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $19.75, for a total value of $191,456.50. Following the sale, the chief financial officer now owns 278,260 shares of the company’s stock, valued at approximately $5,495,635. This represents a 3.37 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Mary Powell sold 2,148 shares of Sunrun stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $18.79, for a total transaction of $40,360.92. Following the transaction, the chief executive officer now directly owns 579,193 shares of the company’s stock, valued at $10,883,036.47. This represents a 0.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 196,795 shares of company stock worth $3,071,225 over the last three months. Company insiders own 3.77% of the company’s stock.

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.