Sunrun Inc. (NASDAQ:RUN) Shares Bought by Swiss National Bank

Swiss National Bank grew its position in shares of Sunrun Inc. (NASDAQ:RUN) by 0.2% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 432,700 shares of the energy company’s stock after purchasing an additional 900 shares during the period. Swiss National Bank’s holdings in Sunrun were worth $7,815,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Principal Financial Group Inc. lifted its stake in 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. Symmetry Investments LP purchased a new stake in shares of Sunrun during the second quarter worth $1,205,000. Aigen Investment Management LP purchased a new stake in shares of Sunrun during the third quarter worth $955,000. Axxcess Wealth Management LLC purchased a new stake in shares of Sunrun during the first quarter worth $171,000. Finally, Assenagon Asset Management S.A. increased its position in shares of Sunrun by 207.3% during the third quarter. Assenagon Asset Management S.A. now owns 1,375,584 shares of the energy company’s stock worth $24,843,000 after acquiring an additional 927,947 shares during the period. 91.69% of the stock is currently owned by institutional investors and hedge funds.

Sunrun Stock Performance

NASDAQ RUN opened at $11.52 on Tuesday. 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 Inc. has a 1 year low of $9.23 and a 1 year high of $22.26. The company has a market capitalization of $2.58 billion, a PE ratio of -6.33 and a beta of 2.61. The company has a fifty day moving average of $14.72 and a two-hundred day moving average of $15.41.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on RUN. Susquehanna cut their price objective on Sunrun from $24.00 to $23.00 and set a “positive” rating on the stock in a research report on Wednesday, October 16th. Guggenheim lowered Sunrun from a “buy” rating to a “neutral” rating in a research report on Thursday, November 7th. Deutsche Bank Aktiengesellschaft upped their price objective on Sunrun from $12.00 to $16.50 and gave the stock a “hold” rating in a research report on Thursday, August 8th. Wells Fargo & Company cut their price objective on Sunrun from $20.00 to $15.00 and set an “overweight” rating on the stock in a research report on Friday, November 8th. Finally, Jefferies Financial Group dropped their target price on Sunrun from $31.00 to $29.00 and set a “buy” rating on the stock in a report on Thursday, October 10th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $19.49.

Insider Transactions at Sunrun

In other news, CFO Danny Abajian sold 9,694 shares of the stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $19.75, for a total transaction of $191,456.50. Following the completion of the sale, the chief financial officer now owns 278,260 shares in the company, valued at approximately $5,495,635. This represents a 3.37 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Lynn Michelle Jurich sold 1,937 shares of the stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $18.23, for a total transaction of $35,311.51. Following the sale, the director now owns 1,242,446 shares of the company’s stock, valued at $22,649,790.58. This trade represents a 0.16 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 196,795 shares of company stock worth $3,071,225. 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.