Nicola Wealth Management LTD. Sells 48,000 Shares of Sunrun Inc. (NASDAQ:RUN)

Nicola Wealth Management LTD. trimmed its position in shares of Sunrun Inc. (NASDAQ:RUN) by 32.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 102,000 shares of the energy company’s stock after selling 48,000 shares during the period. Nicola Wealth Management LTD.’s holdings in Sunrun were worth $1,842,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in shares of Sunrun by 14.0% in the 1st quarter. Vanguard Group Inc. now owns 22,325,106 shares of the energy company’s stock worth $294,245,000 after purchasing an additional 2,743,148 shares during the period. Greenvale Capital LLP lifted its holdings in Sunrun by 20.5% during the second 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 in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Sunrun by 20.0% during the second quarter. Dimensional Fund Advisors LP now owns 4,385,218 shares of the energy company’s stock valued at $52,025,000 after purchasing an additional 729,633 shares in the last quarter. Handelsbanken Fonder AB raised its stake in Sunrun by 0.6% during the third quarter. Handelsbanken Fonder AB now owns 3,123,059 shares of the energy company’s stock worth $56,402,000 after purchasing an additional 18,000 shares during the period. Finally, Sylebra Capital LLC acquired a new stake in shares of Sunrun during the second quarter valued at about $35,387,000. 91.69% of the stock is currently owned by institutional investors.

Sunrun Price Performance

Shares of RUN stock traded up $0.08 during trading hours on Thursday, hitting $10.35. 2,001,410 shares of the company’s stock were exchanged, compared to its average volume of 11,985,681. Sunrun Inc. has a 52 week low of $9.23 and a 52 week high of $22.26. The stock’s 50-day moving average is $16.03 and its 200-day moving average is $15.43. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.47 and a quick ratio of 1.15. The stock has a market cap of $2.32 billion, a price-to-earnings ratio of -5.64 and a beta of 2.61.

Insider Activity at Sunrun

In other news, Director Lynn Michelle Jurich sold 50,000 shares of the business’s stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $14.60, for a total value of $730,000.00. Following the transaction, the director now owns 1,142,446 shares in the company, valued at approximately $16,679,711.60. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Lynn Michelle Jurich sold 50,000 shares of the business’s stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $14.60, for a total value of $730,000.00. Following the completion of the sale, the director now owns 1,142,446 shares of the company’s stock, valued at approximately $16,679,711.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Gerald Alan Risk sold 9,045 shares of the company’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $20.04, for a total transaction of $181,261.80. Following the completion of the sale, the director now directly owns 334,761 shares in the company, valued at $6,708,610.44. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 155,840 shares of company stock worth $2,755,487. Corporate insiders own 3.77% of the company’s stock.

Wall Street Analysts Forecast Growth

RUN has been the topic of a number of recent analyst reports. Jefferies Financial Group lowered their price target on shares of Sunrun from $31.00 to $29.00 and set a “buy” rating on the stock in a research note on Thursday, October 10th. StockNews.com raised Sunrun to a “sell” rating in a research note on Friday, September 27th. Guggenheim lowered Sunrun from a “buy” rating to a “neutral” rating in a report on Thursday, November 7th. Truist Financial reissued a “hold” rating and set a $12.00 price objective (down from $18.00) on shares of Sunrun in a report on Tuesday. Finally, Wells Fargo & Company cut their price objective on Sunrun from $20.00 to $15.00 and set an “overweight” rating on the stock in a report on Friday, November 8th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $20.54.

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.