GSA Capital Partners LLP Sells 60,491 Shares of Sunrun Inc. $RUN

GSA Capital Partners LLP reduced its holdings in shares of Sunrun Inc. (NASDAQ:RUN) by 42.9% during the third quarter, Holdings Channel reports. The fund owned 80,583 shares of the energy company’s stock after selling 60,491 shares during the period. GSA Capital Partners LLP’s holdings in Sunrun were worth $1,393,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in RUN. Smartleaf Asset Management LLC grew its holdings in shares of Sunrun by 181.0% during the 2nd quarter. Smartleaf Asset Management LLC now owns 4,130 shares of the energy company’s stock valued at $34,000 after purchasing an additional 2,660 shares during the last quarter. Spire Wealth Management grew its stake in shares of Sunrun by 960.0% during the second quarter. Spire Wealth Management now owns 5,300 shares of the energy company’s stock valued at $43,000 after buying an additional 4,800 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its stake in shares of Sunrun by 87.1% during the second quarter. Nomura Asset Management Co. Ltd. now owns 5,800 shares of the energy company’s stock valued at $47,000 after buying an additional 2,700 shares during the last quarter. Federated Hermes Inc. purchased a new position in shares of Sunrun in the third quarter worth about $49,000. Finally, Focus Partners Wealth lifted its stake in shares of Sunrun by 21.2% in the 1st quarter. Focus Partners Wealth now owns 12,702 shares of the energy company’s stock valued at $74,000 after acquiring an additional 2,226 shares during the last quarter. 91.69% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Sunrun news, CAO Maria Barak sold 1,630 shares of the firm’s stock in a transaction on Friday, January 9th. The stock was sold at an average price of $18.55, for a total transaction of $30,236.50. Following the completion of the transaction, the chief accounting officer owned 85,643 shares of the company’s stock, valued at approximately $1,588,677.65. This trade represents a 1.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Mary Powell sold 8,754 shares of the company’s stock in a transaction dated Tuesday, January 6th. The stock was sold at an average price of $17.80, for a total transaction of $155,821.20. Following the completion of the sale, the chief executive officer directly owned 864,946 shares in the company, valued at $15,396,038.80. This represents a 1.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 518,800 shares of company stock valued at $9,903,520 over the last 90 days. 3.37% of the stock is currently owned by company insiders.

Sunrun Stock Performance

Shares of RUN opened at $20.14 on Thursday. The company has a debt-to-equity ratio of 3.67, a current ratio of 1.46 and a quick ratio of 1.06. Sunrun Inc. has a one year low of $5.38 and a one year high of $22.44. The company has a 50-day simple moving average of $18.95 and a two-hundred day simple moving average of $17.94. The firm has a market capitalization of $4.67 billion, a PE ratio of -1.80 and a beta of 2.36.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Sunrun in a research note on Thursday, January 22nd. Wells Fargo & Company upped their price target on shares of Sunrun from $14.00 to $21.00 and gave the company an “overweight” rating in a report on Tuesday, November 11th. Raymond James Financial began coverage on shares of Sunrun in a report on Monday, January 12th. They issued a “market perform” rating on the stock. TD Cowen upped their price objective on shares of Sunrun from $22.00 to $23.00 and gave the company a “buy” rating in a research note on Friday, November 7th. Finally, Jefferies Financial Group reiterated a “buy” rating and set a $22.00 target price on shares of Sunrun in a report on Wednesday, January 21st. Thirteen research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $19.99.

Sunrun Company Profile

Sunrun, Inc (NASDAQ: RUN) is a leading provider of residential solar energy systems in the United States. The company designs, installs and maintains rooftop solar panels and battery storage solutions for homeowners under flexible financing arrangements. Customers can choose from leasing, power purchase agreements or solar ownership models, all of which are supported by Sunrun’s network of installation partners and service technicians. Sunrun also offers integrated home energy management services, including its Brightbox battery storage product, which enables customers to store solar energy for use during peak hours or power outages.

Founded in 2007 by Lynn Jurich, Ed Fenster and Nat Kreamer, Sunrun is headquartered in San Francisco, California.