Grantham Mayo Van Otterloo & Co. LLC Trims Stock Position in Sunrun Inc. (NASDAQ:RUN)

Grantham Mayo Van Otterloo & Co. LLC reduced its stake in Sunrun Inc. (NASDAQ:RUN) by 4.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 10,622,430 shares of the energy company’s stock after selling 496,231 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC owned 4.73% of Sunrun worth $98,257,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Norges Bank acquired a new position in Sunrun during the fourth quarter worth $31,022,000. Clal Insurance Enterprises Holdings Ltd acquired a new position in shares of Sunrun during the 4th quarter worth $18,500,000. FMR LLC increased 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 valued at $61,952,000 after purchasing an additional 1,562,163 shares in the last quarter. Erste Asset Management GmbH lifted its stake in shares of Sunrun by 16.3% in the fourth quarter. Erste Asset Management GmbH now owns 4,789,213 shares of the energy company’s stock valued at $47,302,000 after purchasing an additional 672,049 shares during the period. Finally, Assenagon Asset Management S.A. boosted its holdings in Sunrun by 36.5% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,877,502 shares of the energy company’s stock worth $17,367,000 after buying an additional 501,918 shares in the last quarter. Institutional investors and hedge funds own 91.69% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on RUN. BNP Paribas raised Sunrun from a “neutral” rating to an “outperform” rating and set a $16.00 price target on the stock in a research note on Tuesday, January 7th. Wells Fargo & Company decreased their target price on Sunrun from $15.00 to $12.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 8th. UBS Group dropped their price target on Sunrun from $17.00 to $15.00 and set a “buy” rating for the company in a research report on Tuesday, March 4th. TD Cowen cut their price target on Sunrun from $18.00 to $14.00 and set a “buy” rating for the company in a research note on Friday, February 28th. Finally, StockNews.com raised shares of Sunrun to a “sell” rating in a research note on Friday, December 20th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, Sunrun has an average rating of “Moderate Buy” and an average price target of $17.20.

Insider Activity

In other news, Director Lynn Michelle Jurich sold 50,000 shares of the company’s stock in a transaction on Friday, January 17th. The stock was sold at an average price of $9.59, for a total transaction of $479,500.00. Following the completion of the sale, the director now directly owns 991,753 shares in the company, valued at $9,510,911.27. This represents a 4.80 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Edward Harris Fenster bought 150,000 shares of Sunrun stock in a transaction that occurred on Monday, March 3rd. The stock was purchased at an average price of $6.80 per share, for a total transaction of $1,020,000.00. Following the acquisition, the director now directly owns 1,358,182 shares of the company’s stock, valued at $9,235,637.60. The trade was a 12.42 % increase in their position. The disclosure for this purchase can be found here. Insiders sold a total of 121,466 shares of company stock valued at $1,136,397 in the last 90 days. 3.77% of the stock is currently owned by insiders.

Sunrun Stock Performance

NASDAQ RUN opened at $6.99 on Friday. The business’s 50-day moving average price is $7.61 and its 200 day moving average price is $10.87. The company has a current ratio of 1.47, a quick ratio of 1.15 and a debt-to-equity ratio of 1.92. Sunrun Inc. has a twelve month low of $5.55 and a twelve month high of $22.26. The company has a market capitalization of $1.58 billion, a PE ratio of -3.84 and a beta of 2.74.

Sunrun Company 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.