Victory Capital Management Inc. Sells 3,148 Shares of Sunrun Inc. (NASDAQ:RUN)

Victory Capital Management Inc. reduced its position in shares of Sunrun Inc. (NASDAQ:RUN) by 6.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund 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 filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. International Assets Investment Management LLC lifted its holdings in 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 worth $31,000 after buying an additional 1,638 shares during the period. Blue Trust Inc. boosted its holdings in Sunrun by 385.5% in the third quarter. Blue Trust Inc. now owns 1,845 shares of the energy company’s stock valued at $33,000 after acquiring an additional 1,465 shares during the last quarter. Duncker Streett & Co. Inc. bought a new stake in Sunrun in the second quarter valued at approximately $36,000. CWM LLC increased 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 purchasing an additional 3,014 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new position in Sunrun during the 2nd quarter worth approximately $45,000. 91.69% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

RUN has been the subject of several recent analyst reports. Wells Fargo & Company decreased their price objective on shares of Sunrun from $20.00 to $15.00 and set an “overweight” rating for the company in a research report on Friday, November 8th. Guggenheim lowered Sunrun from a “buy” rating to a “neutral” rating in a research report on Thursday, November 7th. UBS Group cut their target price on Sunrun from $18.00 to $14.00 and set a “neutral” rating on the stock in a research report on Tuesday. Truist Financial reiterated a “hold” rating and issued a $12.00 target price (down from $18.00) on shares of Sunrun in a report on Tuesday, November 12th. Finally, Oppenheimer dropped their price target on Sunrun from $22.00 to $20.00 and set an “outperform” rating on the stock in a research note on Friday, November 8th. Two research 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, Sunrun presently has a consensus rating of “Hold” and an average target price of $19.28.

Insider Activity at Sunrun

In other news, insider Jeanna Steele sold 2,357 shares of the company’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $18.23, for a total transaction of $42,968.11. Following the transaction, the insider now owns 308,260 shares of the company’s stock, valued at $5,619,579.80. This represents a 0.76 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 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 sale, the director now directly owns 1,092,446 shares of the company’s stock, valued at approximately $10,858,913.24. This trade represents a 4.38 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 196,795 shares of company stock worth $3,071,225. Insiders own 3.77% of the company’s stock.

Sunrun Stock Performance

Shares of RUN stock opened at $11.55 on Friday. 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 firm has a market cap of $2.59 billion, a price-to-earnings ratio of -6.35 and a beta of 2.61. Sunrun Inc. has a 52 week low of $9.23 and a 52 week high of $22.26. The firm’s 50-day simple moving average is $14.37 and its two-hundred day simple moving average is $15.38.

Sunrun Company 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.