Guggenheim Downgrades Sunrun to Neutral: What This Means for Investors
Overview of Fund Sentiment
As of November 7, 2024, Guggenheim has changed its outlook for Sunrun (WBAG:RUN) from Buy to Neutral. Currently, 768 funds or institutions report holdings in Sunrun, marking a rise of 12 owners or 1.59% since last quarter. The average portfolio weight of all funds invested in RUN stands at 0.22%, which is an increase of 14.20%. Institutional ownership has surged by 8.08% over the past three months, totaling 269,732K shares.
Current Moves by Significant Shareholders
Grantham, Mayo, Van Otterloo & Co. now holds 16,311K shares, representing 7.30% ownership, a notable increase from their previous 14,626K shares, reflecting a growth of 10.33%. However, the firm has reduced its portfolio allocation in RUN by 6.74% in the last quarter.
The IJR – iShares Core S&P Small-Cap ETF recently increased its holdings to 14,335K shares, capturing 6.41% ownership. This marks a remarkable change from the previous report where they held 0K shares, translating into a 100.00% increase.
Orbis Allan Gray holds 13,896K shares, or 6.22% ownership. Their prior report indicated ownership of 14,231K shares, showing a decrease of 2.42%. In the last quarter, they cut their portfolio allocation in RUN by 32.49%.
Greenvale Capital LLP increased its holdings from 9,750K shares to 11,750K shares, reflecting a 17.02% growth, despite a decrease of 11.21% in portfolio allocation over the last quarter as well.
Alyeska Investment Group, on the other hand, saw a significant increase from 1,400K shares to 7,614K shares, which is an impressive rise of 81.62%. This firm has notably increased its portfolio allocation in RUN by 354.71% in the last quarter.
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