Handelsbanken Fonder AB Sells 2,173,414 Shares of Sunrun Inc. (NASDAQ:RUN)

Handelsbanken Fonder AB cut its holdings in Sunrun Inc. (NASDAQ:RUN) by 69.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 949,645 shares of the energy company’s stock after selling 2,173,414 shares during the quarter. Handelsbanken Fonder AB owned about 0.42% of Sunrun worth $8,784,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Blue Trust Inc. boosted its position in shares of Sunrun by 385.5% during the third quarter. Blue Trust Inc. now owns 1,845 shares of the energy company’s stock worth $33,000 after purchasing an additional 1,465 shares in the last quarter. Sequoia Financial Advisors LLC acquired a new position in shares of Sunrun during the 3rd quarter worth about $181,000. International Assets Investment Management LLC increased its stake in shares of Sunrun by 1,706.3% during the 3rd quarter. International Assets Investment Management LLC now owns 1,734 shares of the energy company’s stock worth $31,000 after purchasing an additional 1,638 shares during the last quarter. Assenagon Asset Management S.A. increased its stake in shares of Sunrun by 207.3% during the 3rd quarter. Assenagon Asset Management S.A. now owns 1,375,584 shares of the energy company’s stock worth $24,843,000 after purchasing an additional 927,947 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Sunrun by 55.9% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 125,000 shares of the energy company’s stock worth $2,312,000 after buying an additional 44,846 shares during the period. 91.69% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Sunrun news, Director Lynn Michelle Jurich sold 50,000 shares of the firm’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $9.10, for a total value of $455,000.00. Following the transaction, the director now directly owns 941,753 shares of the company’s stock, valued at approximately $8,569,952.30. This trade represents a 5.04 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Mary Powell sold 4,350 shares of the firm’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $11.18, for a total transaction of $48,633.00. Following the completion of the transaction, the chief executive officer now directly owns 560,321 shares in the company, valued at $6,264,388.78. This trade represents a 0.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 164,830 shares of company stock valued at $1,572,147 over the last ninety days. 3.77% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages recently commented on RUN. Barclays reduced their target price on shares of Sunrun from $18.00 to $15.00 and set an “equal weight” rating for the company in a report on Tuesday, January 28th. Wells Fargo & Company cut their price target on shares of Sunrun from $15.00 to $12.00 and set an “overweight” rating for the company in a report on Wednesday, January 8th. StockNews.com raised shares of Sunrun to a “sell” rating in a report on Friday, December 20th. TD Cowen began coverage on shares of Sunrun in a report on Thursday, December 19th. They set a “buy” rating and a $21.00 price target for the company. Finally, Glj Research reaffirmed a “sell” rating and set a $7.78 price target on shares of Sunrun in a report on Thursday, November 7th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $18.36.

Sunrun Stock Down 1.4 %

Shares of NASDAQ RUN opened at $8.42 on Friday. The firm has a market cap of $1.89 billion, a PE ratio of -4.63 and a beta of 2.59. Sunrun Inc. has a 12-month low of $7.87 and a 12-month high of $22.26. The company’s fifty day simple moving average is $9.44 and its 200 day simple moving average is $13.43. The company has a quick ratio of 1.15, a current ratio of 1.47 and a debt-to-equity ratio of 1.92.

Sunrun 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.