GAMMA Investing LLC Decreases Holdings in Sunrun Inc. (NASDAQ:RUN)

GAMMA Investing LLC cut its holdings in shares of Sunrun Inc. (NASDAQ:RUN) by 54.1% in the 4th quarter, HoldingsChannel reports. 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the business. Greenvale Capital LLP increased its position in shares of Sunrun by 20.5% during 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 last quarter. State Street Corp grew its stake in shares of Sunrun by 0.6% during the 3rd quarter. State Street Corp now owns 9,159,711 shares of the energy company’s stock worth $165,424,000 after acquiring an additional 54,329 shares during the period. Geode Capital Management LLC grew its stake in shares of Sunrun by 0.6% during the 3rd quarter. Geode Capital Management LLC now owns 5,315,667 shares of the energy company’s stock worth $96,019,000 after acquiring an additional 30,549 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Sunrun by 20.0% during the 2nd 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 during the period. Finally, Erste Asset Management GmbH bought a new position in shares of Sunrun during the 3rd quarter worth $76,152,000. 91.69% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently weighed in on RUN. Jefferies Financial Group cut their price target on Sunrun from $31.00 to $29.00 and set a “buy” rating for the company in a research note on Thursday, October 10th. The Goldman Sachs Group cut their target price on Sunrun from $19.00 to $17.00 and set a “buy” rating for the company in a research note on Tuesday, December 17th. Oppenheimer cut their target price on Sunrun from $22.00 to $20.00 and set an “outperform” rating for the company in a research note on Friday, November 8th. Glj Research restated a “sell” rating and issued a $7.78 target price on shares of Sunrun in a research note on Thursday, November 7th. Finally, UBS Group upgraded Sunrun from a “neutral” rating to a “buy” rating and raised their target price for the stock from $14.00 to $17.00 in a research note on Friday. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $19.31.

Insider Transactions at Sunrun

In other news, CFO Danny Abajian sold 3,734 shares of the company’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $11.18, for a total value of $41,746.12. Following the completion of the transaction, the chief financial officer now owns 257,969 shares of the company’s stock, valued at $2,884,093.42. This represents a 1.43 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CRO Paul S. Dickson sold 2,968 shares of the company’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $11.18, for a total value of $33,182.24. Following the completion of the transaction, the executive now directly owns 418,492 shares of the company’s stock, valued at approximately $4,678,740.56. This trade represents a 0.70 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 164,830 shares of company stock worth $1,864,647 over the last quarter. 3.77% of the stock is currently owned by insiders.

Sunrun Trading Down 6.6 %

Sunrun stock opened at $10.04 on Friday. 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 business’s fifty day simple moving average is $10.78 and its two-hundred day simple moving average is $14.76. Sunrun Inc. has a 12 month low of $9.01 and a 12 month high of $22.26. The company has a market capitalization of $2.25 billion, a price-to-earnings ratio of -5.52 and a beta of 2.58.

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.