Assenagon Asset Management S.A. Has $17.37 Million Position in Sunrun Inc. (NASDAQ:RUN)

Assenagon Asset Management S.A. raised its holdings in Sunrun Inc. (NASDAQ:RUN) by 36.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,877,502 shares of the energy company’s stock after buying an additional 501,918 shares during the quarter. Assenagon Asset Management S.A. owned 0.84% of Sunrun worth $17,367,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Erste Asset Management GmbH bought a new stake in Sunrun in the third quarter valued at about $76,152,000. Sylebra Capital LLC acquired a new stake in Sunrun during the second quarter valued at approximately $35,387,000. Greenvale Capital LLP grew its stake in shares of Sunrun by 20.5% in the 2nd 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 during the period. FMR LLC raised its holdings in shares of Sunrun by 83.6% in the 3rd quarter. FMR LLC now owns 3,430,327 shares of the energy company’s stock worth $61,952,000 after buying an additional 1,562,163 shares in the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its position in shares of Sunrun by 113.5% during the 3rd 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 buying an additional 1,337,302 shares during the period. Institutional investors and hedge funds own 91.69% of the company’s stock.

Sunrun Stock Performance

Sunrun stock opened at $9.44 on Friday. Sunrun Inc. has a 1 year low of $9.01 and a 1 year high of $22.26. The company’s 50-day moving average is $10.31 and its two-hundred day moving average is $14.64. The company has a current ratio of 1.47, a quick ratio of 1.15 and a debt-to-equity ratio of 1.92. The company has a market cap of $2.12 billion, a PE ratio of -5.19 and a beta of 2.58.

Insider Buying and Selling at Sunrun

In other Sunrun news, CEO Mary Powell sold 4,350 shares of the firm’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $11.18, for a total transaction of $48,633.00. Following the transaction, the chief executive officer now owns 560,321 shares in the company, valued at approximately $6,264,388.78. This trade represents a 0.77 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Danny Abajian sold 3,734 shares of the company’s stock in a transaction dated 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 approximately $2,884,093.42. This trade represents a 1.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 114,830 shares of company stock valued at $1,134,647. 3.77% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Truist Financial reiterated a “hold” rating and issued a $12.00 price target (down from $18.00) on shares of Sunrun in a research report on Tuesday, November 12th. UBS Group upgraded shares of Sunrun from a “neutral” rating to a “buy” rating and increased their target price for the stock from $14.00 to $17.00 in a research report on Friday, January 10th. Roth Mkm cut their price target on shares of Sunrun from $35.00 to $30.00 and set a “buy” rating for the company in a report on Friday, November 8th. Jefferies Financial Group decreased their price objective on shares of Sunrun from $31.00 to $29.00 and set a “buy” rating on the stock in a research note on Thursday, October 10th. Finally, Guggenheim cut shares of Sunrun from a “buy” rating to a “neutral” rating in a research note on Thursday, November 7th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $19.31.

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.