Cerity Partners LLC Boosts Stock Holdings in Sunrun Inc. (NASDAQ:RUN)

Cerity Partners LLC lifted its holdings in shares of Sunrun Inc. (NASDAQ:RUN) by 34.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 40,545 shares of the energy company’s stock after buying an additional 10,497 shares during the quarter. Cerity Partners LLC’s holdings in Sunrun were worth $732,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of RUN. International Assets Investment Management LLC grew its position in shares of Sunrun by 1,706.3% during the 3rd quarter. International Assets Investment Management LLC now owns 1,734 shares of the energy company’s stock valued at $31,000 after purchasing an additional 1,638 shares in the last quarter. Blue Trust Inc. raised its position in Sunrun by 385.5% during the third quarter. Blue Trust Inc. now owns 1,845 shares of the energy company’s stock valued at $33,000 after purchasing an additional 1,465 shares in the last quarter. Duncker Streett & Co. Inc. bought a new stake in Sunrun during the second quarter worth about $36,000. CWM LLC boosted its holdings in shares of Sunrun by 883.9% in the 2nd quarter. CWM LLC now owns 3,355 shares of the energy company’s stock worth $40,000 after purchasing an additional 3,014 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Sunrun during the 2nd quarter valued at about $45,000. 91.69% of the stock is owned by institutional investors.

Insider Transactions at Sunrun

In other news, CFO Danny Abajian sold 4,869 shares of the business’s stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $16.35, for a total value of $79,608.15. Following the sale, the chief financial officer now directly owns 269,393 shares of the company’s stock, valued at $4,404,575.55. The trade was a 1.78 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Lynn Michelle Jurich sold 50,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $9.94, for a total value of $497,000.00. Following the transaction, the director now directly owns 1,092,446 shares of the company’s stock, valued at approximately $10,858,913.24. This trade represents a 4.38 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 174,337 shares of company stock valued at $2,634,276. Corporate insiders own 3.77% of the company’s stock.

Sunrun Price Performance

RUN stock opened at $10.58 on Friday. The firm has a 50-day moving average of $13.30 and a 200 day moving average of $15.32. 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 company has a market cap of $2.37 billion, a P/E ratio of -5.81 and a beta of 2.54. Sunrun Inc. has a 1 year low of $9.23 and a 1 year high of $22.26.

Analyst Upgrades and Downgrades

RUN has been the subject of a number of recent research reports. BMO Capital Markets dropped their target price on Sunrun from $20.00 to $11.00 and set a “market perform” rating for the company in a research report on Monday, November 11th. Glj Research restated a “sell” rating and issued a $7.78 price objective on shares of Sunrun in a report on Thursday, November 7th. Wells Fargo & Company reduced their target price on shares of Sunrun from $20.00 to $15.00 and set an “overweight” rating on the stock in a report on Friday, November 8th. UBS Group lowered their price target on shares of Sunrun from $18.00 to $14.00 and set a “neutral” rating for the company in a research note on Tuesday, November 26th. Finally, Piper Sandler cut Sunrun from an “overweight” rating to a “neutral” rating and reduced their price objective for the company from $23.00 to $11.00 in a research note on Friday, November 22nd. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Sunrun currently has a consensus rating of “Hold” and a consensus target price of $19.28.

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.