Mutual of America Capital Management LLC Sells 6,973 Shares of Sunrun Inc. (NASDAQ:RUN)

Mutual of America Capital Management LLC trimmed its position in shares of Sunrun Inc. (NASDAQ:RUN) by 4.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 134,129 shares of the energy company’s stock after selling 6,973 shares during the period. Mutual of America Capital Management LLC owned about 0.06% of Sunrun worth $2,633,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in RUN. Moneta Group Investment Advisors LLC grew its holdings in Sunrun by 99,711.8% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 10,455,287 shares of the energy company’s stock valued at $251,136,000 after purchasing an additional 10,444,812 shares during the last quarter. Grantham Mayo Van Otterloo & Co. LLC grew its holdings in Sunrun by 35.9% during the 3rd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 14,182,106 shares of the energy company’s stock valued at $178,127,000 after purchasing an additional 3,748,696 shares during the last quarter. Norges Bank bought a new position in Sunrun during the 4th quarter valued at about $36,589,000. Deutsche Bank AG boosted its position in Sunrun by 112.9% in the 3rd quarter. Deutsche Bank AG now owns 2,226,821 shares of the energy company’s stock valued at $27,969,000 after buying an additional 1,180,823 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in Sunrun by 42.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,860,637 shares of the energy company’s stock valued at $77,780,000 after buying an additional 1,147,262 shares during the period. 91.69% of the stock is currently owned by institutional investors.

Sunrun Stock Performance

NASDAQ:RUN opened at $10.25 on Friday. Sunrun Inc. has a 52 week low of $8.43 and a 52 week high of $23.85. The firm has a 50 day moving average of $12.36 and a 200 day moving average of $13.16. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.26 and a quick ratio of 0.96.

Sunrun (NASDAQ:RUN) last posted its earnings results on Wednesday, February 21st. The energy company reported ($1.33) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by ($1.20). Sunrun had a negative net margin of 71.00% and a negative return on equity of 5.58%. The firm had revenue of $516.59 million for the quarter, compared to analysts’ expectations of $499.74 million. As a group, research analysts predict that Sunrun Inc. will post -1.74 earnings per share for the current fiscal year.

Insider Activity at Sunrun

In other Sunrun news, Director Edward Harris Fenster sold 172,920 shares of the company’s stock in a transaction that occurred on Thursday, April 11th. The shares were sold at an average price of $11.95, for a total transaction of $2,066,394.00. Following the transaction, the director now owns 1,261,317 shares in the company, valued at approximately $15,072,738.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Sunrun news, Director Edward Harris Fenster sold 172,920 shares of the company’s stock in a transaction that occurred on Thursday, April 11th. The shares were sold at an average price of $11.95, for a total transaction of $2,066,394.00. Following the transaction, the director now owns 1,261,317 shares in the company, valued at approximately $15,072,738.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Lynn Michelle Jurich sold 4,830 shares of the company’s stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $12.12, for a total transaction of $58,539.60. Following the transaction, the director now owns 1,403,915 shares in the company, valued at approximately $17,015,449.80. The disclosure for this sale can be found here. Insiders sold 301,760 shares of company stock valued at $3,615,990 over the last 90 days. Insiders own 3.76% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on RUN. Oppenheimer reissued an “outperform” rating and issued a $19.00 price objective on shares of Sunrun in a research report on Thursday, February 22nd. KeyCorp reissued a “sector weight” rating on shares of Sunrun in a research report on Thursday, January 4th. The Goldman Sachs Group boosted their price objective on shares of Sunrun from $20.00 to $21.00 and gave the company a “buy” rating in a research report on Thursday, February 22nd. Truist Financial reissued a “hold” rating and issued a $14.00 price objective (down from $15.00) on shares of Sunrun in a research report on Monday, February 26th. Finally, Janney Montgomery Scott cut shares of Sunrun from a “buy” rating to a “neutral” rating in a research report on Tuesday, February 27th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $21.26.

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.