Sunrun Stock Has Surged 61% in a Year — So Why Did One Investor Sell 300,000 Shares?

Dallas-based Canyon Capital Advisors reported on November 14 that it sold 300,000 shares of Sunrun in the third quarter. The fund’s position value fell by approximately $13 million from quarter to quarter.Canyon Capital Advisors disclosed in its Securities and Exchange Commission (SEC) Form 13F filing on November 14 that it reduced its stake in Sunrun (NASDAQ:RUN) by 300,000 shares during the third quarter. Following the transaction, the fund reported holding 1.7 million shares valued at $29.4 million as of September 30. The filing can be accessed here.This sale reduced Sunrun’s weight to 4% of the fund’s reportable AUM.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool