Sanctuary Advisors LLC Cuts Position in Sunrun Inc. (NASDAQ:RUN)

Sanctuary Advisors LLC decreased its holdings in Sunrun Inc. (NASDAQ:RUN) by 1.9% in the 4th quarter, HoldingsChannel reports. The fund owned 74,236 shares of the energy company’s stock after selling 1,442 shares during the quarter. Sanctuary Advisors LLC’s holdings in Sunrun were worth $699,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the business. Van ECK Associates Corp raised its position in Sunrun by 1.8% in the third quarter. Van ECK Associates Corp now owns 50,105 shares of the energy company’s stock worth $905,000 after acquiring an additional 886 shares in the last quarter. Blue Trust Inc. increased its position in shares of Sunrun by 385.5% in the third quarter. Blue Trust Inc. now owns 1,845 shares of the energy company’s stock valued at $33,000 after buying an additional 1,465 shares in the last quarter. International Assets Investment Management LLC increased its position in shares of Sunrun by 1,706.3% in the third 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. Drive Wealth Management LLC increased its position in shares of Sunrun by 4.5% in the third quarter. Drive Wealth Management LLC now owns 43,327 shares of the energy company’s stock valued at $782,000 after buying an additional 1,884 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. increased its position in shares of Sunrun by 133.3% in the fourth 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. Hedge funds and other institutional investors own 91.69% of the company’s stock.

Sunrun Stock Down 8.3 %

Shares of NASDAQ:RUN opened at $7.25 on Friday. The stock’s 50-day moving average price is $9.33 and its two-hundred day moving average price is $13.19. The company has a current ratio of 1.47, a quick ratio of 1.15 and a debt-to-equity ratio of 1.92. Sunrun Inc. has a 12-month low of $6.99 and a 12-month high of $22.26. The firm has a market cap of $1.63 billion, a price-to-earnings ratio of -3.98 and a beta of 2.59.

Analysts Set New Price Targets

RUN has been the subject of a number of research analyst reports. Roth Mkm dropped their price target on Sunrun from $35.00 to $30.00 and set a “buy” rating for the company in a research report on Friday, November 8th. Barclays dropped their price target on Sunrun from $18.00 to $15.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 28th. JPMorgan Chase & Co. dropped their price target on Sunrun from $22.00 to $18.00 and set an “overweight” rating for the company in a research report on Thursday, January 23rd. Truist Financial restated a “hold” rating and issued a $12.00 price target (down previously from $18.00) on shares of Sunrun in a research report on Tuesday, November 12th. Finally, Jefferies Financial Group dropped their price objective on Sunrun from $19.00 to $17.00 and set a “buy” rating for the company in a research report on Tuesday, January 28th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, Sunrun has a consensus rating of “Moderate Buy” and a consensus price target of $18.01.

Insiders Place Their Bets

In related news, Director Lynn Michelle Jurich sold 50,000 shares of the stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $9.10, for a total transaction of $455,000.00. Following the completion of the sale, the director now owns 941,753 shares of the company’s stock, valued at approximately $8,569,952.30. This represents a 5.04 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Danny Abajian sold 3,734 shares of Sunrun stock in a transaction on Monday, January 6th. The shares were sold at an average price of $11.18, for a total transaction of $41,746.12. Following the transaction, the chief financial officer now owns 257,969 shares in the company, valued at $2,884,093.42. The trade was a 1.43 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 164,830 shares of company stock valued at $1,572,147. Insiders own 3.77% of the company’s stock.

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.