GAMMA Investing LLC Has $99,000 Holdings in Sunrun Inc. (NASDAQ:RUN)

GAMMA Investing LLC lessened its stake in Sunrun Inc. (NASDAQ:RUN) by 54.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,698 shares of the energy company’s stock after selling 12,593 shares during the quarter. GAMMA Investing LLC’s holdings in Sunrun were worth $99,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Greenvale Capital LLP grew its position in Sunrun by 20.5% in the second quarter. Greenvale Capital LLP now owns 11,750,000 shares of the energy company’s stock valued at $139,355,000 after purchasing an additional 2,000,000 shares in the last quarter. State Street Corp grew its holdings in shares of Sunrun by 0.6% in the 3rd quarter. State Street Corp now owns 9,159,711 shares of the energy company’s stock valued at $165,424,000 after acquiring an additional 54,329 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Sunrun by 0.6% in the third quarter. Geode Capital Management LLC now owns 5,315,667 shares of the energy company’s stock valued at $96,019,000 after acquiring an additional 30,549 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Sunrun by 20.0% during the second quarter. Dimensional Fund Advisors LP now owns 4,385,218 shares of the energy company’s stock worth $52,025,000 after acquiring an additional 729,633 shares in the last quarter. Finally, Erste Asset Management GmbH acquired a new position in Sunrun during the third quarter valued at approximately $76,152,000. Institutional investors and hedge funds own 91.69% of the company’s stock.

Insiders Place Their Bets

In related news, CRO Paul S. Dickson sold 2,968 shares of the stock in a transaction on Monday, January 6th. The stock was sold at an average price of $11.18, for a total value of $33,182.24. Following the transaction, the executive now directly owns 418,492 shares in the company, valued at $4,678,740.56. This trade represents a 0.70 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Danny Abajian sold 3,734 shares of the stock in a transaction on Monday, January 6th. The shares were sold at an average price of $11.18, for a total value of $41,746.12. Following the completion of the sale, the chief financial officer now directly owns 257,969 shares of the company’s stock, valued at $2,884,093.42. The trade was a 1.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 164,830 shares of company stock worth $1,864,647. Corporate insiders own 3.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on RUN. Guggenheim cut shares of Sunrun from a “buy” rating to a “neutral” rating in a research note on Thursday, November 7th. Truist Financial reissued a “hold” rating and issued a $12.00 target price (down previously from $18.00) on shares of Sunrun in a research report on Tuesday, November 12th. Piper Sandler cut shares of Sunrun from an “overweight” rating to a “neutral” rating and reduced their target price for the company from $23.00 to $11.00 in a research report on Friday, November 22nd. Wells Fargo & Company reduced their target price on shares of Sunrun from $15.00 to $12.00 and set an “overweight” rating for the company in a research report on Wednesday. Finally, StockNews.com raised shares of Sunrun to a “sell” rating in a research report on Friday, December 20th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, Sunrun presently has an average rating of “Moderate Buy” and an average target price of $19.31.

Sunrun Stock Performance

Shares of RUN stock opened at $10.04 on Friday. The business’s 50 day simple moving average is $10.78 and its 200 day simple moving average is $14.76. Sunrun Inc. has a one year low of $9.01 and a one year high of $22.26. The stock has a market capitalization of $2.25 billion, a PE ratio of -5.52 and a beta of 2.58. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.47 and a quick ratio of 1.15.

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.