Mitsubishi UFJ Asset Management Co. Ltd. Has $402,000 Stock Position in Sunrun Inc. (NASDAQ:RUN)

Mitsubishi UFJ Asset Management Co. Ltd. grew its position in Sunrun Inc. (NASDAQ:RUN) by 10.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 43,503 shares of the energy company’s stock after purchasing an additional 4,242 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Sunrun were worth $402,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in RUN. Cerity Partners LLC lifted its stake in shares of Sunrun by 34.9% in the 3rd quarter. Cerity Partners LLC now owns 40,545 shares of the energy company’s stock valued at $732,000 after purchasing an additional 10,497 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of Sunrun by 1.1% in the third quarter. The Manufacturers Life Insurance Company now owns 233,551 shares of the energy company’s stock worth $4,218,000 after buying an additional 2,441 shares during the last quarter. FMR LLC increased its holdings in shares of Sunrun by 83.6% during the 3rd quarter. FMR LLC now owns 3,430,327 shares of the energy company’s stock valued at $61,952,000 after acquiring an additional 1,562,163 shares during the last quarter. MetLife Investment Management LLC raised its stake in shares of Sunrun by 129.1% in the 3rd quarter. MetLife Investment Management LLC now owns 126,174 shares of the energy company’s stock valued at $2,279,000 after acquiring an additional 71,094 shares in the last quarter. Finally, Verition Fund Management LLC lifted its holdings in Sunrun by 59.2% in the 3rd quarter. Verition Fund Management LLC now owns 117,639 shares of the energy company’s stock worth $2,125,000 after purchasing an additional 43,765 shares during the last quarter. 91.69% of the stock is owned by hedge funds and other institutional investors.

Sunrun Trading Up 4.5 %

RUN stock opened at $6.78 on Thursday. Sunrun Inc. has a 1-year low of $5.55 and a 1-year high of $22.26. The company has a current ratio of 1.47, a quick ratio of 1.15 and a debt-to-equity ratio of 1.92. The business’s 50 day moving average is $7.73 and its 200-day moving average is $10.99. The firm has a market cap of $1.53 billion, a P/E ratio of -3.73 and a beta of 2.74.

Insider Buying and Selling at Sunrun

In other Sunrun news, CFO Danny Abajian sold 3,734 shares of the business’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $11.18, for a total value of $41,746.12. Following the transaction, the chief financial officer now directly owns 257,969 shares in the company, valued at $2,884,093.42. The trade was a 1.43 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Lynn Michelle Jurich sold 50,000 shares of the firm’s stock in a transaction that occurred 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 sale, the director now directly owns 991,753 shares of the company’s stock, valued at approximately $9,510,911.27. The trade was a 4.80 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 121,466 shares of company stock worth $1,136,397 over the last three months. Company insiders own 3.77% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on RUN. Royal Bank of Canada dropped their price target on shares of Sunrun from $17.00 to $14.00 and set an “outperform” rating on the stock in a research report on Monday, March 3rd. JPMorgan Chase & Co. lowered their target price on shares of Sunrun from $22.00 to $18.00 and set an “overweight” rating on the stock in a research note on Thursday, January 23rd. TD Cowen cut their target price on shares of Sunrun from $18.00 to $14.00 and set a “buy” rating for the company in a research report on Friday, February 28th. Barclays lowered their price target on Sunrun from $18.00 to $15.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 28th. Finally, BNP Paribas raised Sunrun from a “neutral” rating to an “outperform” rating and set a $16.00 price objective for the company in a research report on Tuesday, January 7th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $17.20.

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.