Amundi Sells 145,891 Shares of Sunrun Inc. (NASDAQ:RUN)

Amundi cut its holdings in Sunrun Inc. (NASDAQ:RUN) by 4.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,104,427 shares of the energy company’s stock after selling 145,891 shares during the quarter. Amundi owned about 1.38% of Sunrun worth $29,579,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Clal Insurance Enterprises Holdings Ltd bought a new position in Sunrun in the fourth quarter valued at approximately $18,500,000. Principal Financial Group Inc. boosted its position in shares of Sunrun by 33.7% during the third quarter. Principal Financial Group Inc. now owns 1,460,949 shares of the energy company’s stock worth $26,385,000 after purchasing an additional 367,835 shares in the last quarter. Erste Asset Management GmbH bought a new position in shares of Sunrun during the third quarter worth $76,152,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its position in shares of Sunrun by 113.5% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 2,515,302 shares of the energy company’s stock worth $45,426,000 after purchasing an additional 1,337,302 shares in the last quarter. Finally, Aigen Investment Management LP bought a new position in shares of Sunrun during the third quarter worth $955,000. 91.69% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. UBS Group reduced their price target on shares of Sunrun from $17.00 to $15.00 and set a “buy” rating on the stock in a research report on Tuesday, March 4th. Wells Fargo & Company dropped their price objective on shares of Sunrun from $15.00 to $12.00 and set an “overweight” rating on the stock in a report on Wednesday, January 8th. Morgan Stanley dropped their price objective on shares of Sunrun from $35.00 to $27.00 and set an “overweight” rating on the stock in a report on Friday, November 15th. Piper Sandler lowered shares of Sunrun from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $23.00 to $11.00 in a report on Friday, November 22nd. Finally, TD Cowen dropped their price objective on shares of Sunrun from $18.00 to $14.00 and set a “buy” rating on the stock in a report on Friday, February 28th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $17.20.

Sunrun Stock Down 5.2 %

Sunrun stock opened at $6.57 on Thursday. The firm has a market capitalization of $1.49 billion, a PE ratio of -3.61 and a beta of 2.84. The company’s 50-day moving average is $8.80 and its 200-day moving average is $12.35. Sunrun Inc. has a fifty-two week low of $5.93 and a fifty-two week high of $22.26. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.47 and a quick ratio of 1.15.

Insider Transactions at Sunrun

In related news, CRO Paul S. Dickson sold 2,968 shares of Sunrun stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $11.18, for a total transaction of $33,182.24. Following the completion of the sale, the executive now owns 418,492 shares of the company’s stock, valued at approximately $4,678,740.56. The trade was a 0.70 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Lynn Michelle Jurich sold 50,000 shares of Sunrun stock in a transaction dated Thursday, December 19th. The stock was sold at an average price of $9.42, for a total transaction of $471,000.00. Following the sale, the director now directly owns 1,041,753 shares of the company’s stock, valued at $9,813,313.26. The trade was a 4.58 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 171,466 shares of company stock worth $1,607,397 in the last ninety days. Insiders own 3.77% of the company’s stock.

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.