Private Advisor Group LLC Trims Holdings in Sunrun Inc. (NASDAQ:RUN)

Private Advisor Group LLC trimmed its position in Sunrun Inc. (NASDAQ:RUN) by 7.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,322 shares of the energy company’s stock after selling 1,858 shares during the quarter. Private Advisor Group LLC’s holdings in Sunrun were worth $206,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in RUN. International Assets Investment Management LLC grew its holdings in 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 buying an additional 1,638 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in Sunrun during the 3rd quarter valued at approximately $44,000. Newbridge Financial Services Group Inc. grew its holdings in Sunrun by 133.3% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 3,500 shares of the energy company’s stock valued at $32,000 after buying an additional 2,000 shares in the last quarter. Union Bancaire Privee UBP SA purchased a new stake in Sunrun during the 4th quarter valued at approximately $56,000. Finally, Wealth Enhancement Advisory Services LLC purchased a new stake in Sunrun during the 4th quarter valued at approximately $94,000. 91.69% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently weighed in on RUN shares. BMO Capital Markets cut their target price on shares of Sunrun from $11.00 to $9.00 and set a “market perform” rating for the company in a report on Monday. Wells Fargo & Company cut their target price on shares of Sunrun from $15.00 to $12.00 and set an “overweight” rating for the company in a report on Wednesday, January 8th. 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 report on Friday, February 28th. The Goldman Sachs Group cut their target price on shares of Sunrun from $17.00 to $15.00 and set a “buy” rating for the company in a report on Monday. Finally, Truist Financial reissued a “hold” rating and issued a $9.00 target price (down from $12.00) on shares of Sunrun in a report on Monday. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat, Sunrun currently has an average rating of “Moderate Buy” and an average price target of $17.51.

Sunrun Stock Down 0.4 %

NASDAQ:RUN opened at $6.87 on Friday. Sunrun Inc. has a twelve month low of $5.93 and a twelve month high of $22.26. The company has a market cap of $1.54 billion, a price-to-earnings ratio of -3.77 and a beta of 2.59. The stock has a fifty day simple moving average of $9.07 and a 200-day simple moving average of $12.81. The company has a current ratio of 1.47, a quick ratio of 1.15 and a debt-to-equity ratio of 1.92.

Insider Transactions at Sunrun

In other news, CRO Paul S. Dickson sold 2,968 shares of the firm’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $11.18, for a total transaction of $33,182.24. Following the transaction, the executive now owns 418,492 shares in the company, valued at approximately $4,678,740.56. This trade represents a 0.70 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Edward Harris Fenster purchased 150,000 shares of the business’s stock in a transaction dated Monday, March 3rd. The shares were purchased at an average price of $6.80 per share, for a total transaction of $1,020,000.00. Following the purchase, the director now owns 1,358,182 shares of the company’s stock, valued at approximately $9,235,637.60. This trade represents a 12.42 % increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders sold 163,064 shares of company stock worth $1,551,556. 3.77% of the stock is currently owned by insiders.

Sunrun 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.