Sanctuary Advisors LLC Sells 107,647 Shares of Sunrun Inc. (NASDAQ:RUN)

Sanctuary Advisors LLC reduced its holdings in Sunrun Inc. (NASDAQ:RUN) by 58.7% during the third quarter, Holdings Channel.com reports. The institutional investor owned 75,678 shares of the energy company’s stock after selling 107,647 shares during the quarter. Sanctuary Advisors LLC’s holdings in Sunrun were worth $1,367,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in RUN. International Assets Investment Management LLC increased its position in shares of Sunrun by 1,706.3% during 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 during the period. Blue Trust Inc. grew its holdings in shares of Sunrun by 385.5% during the 3rd quarter. Blue Trust Inc. now owns 1,845 shares of the energy company’s stock worth $33,000 after acquiring an additional 1,465 shares during the period. Duncker Streett & Co. Inc. bought a new position in shares of Sunrun in the 2nd quarter worth approximately $36,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Sunrun in the 2nd quarter valued at approximately $45,000. Finally, Redwood Wealth Management Group LLC bought a new stake in shares of Sunrun during the second quarter valued at approximately $56,000. 91.69% of the stock is owned by hedge funds and other institutional investors.

Sunrun Trading Up 8.1 %

Shares of RUN stock opened at $9.87 on Friday. 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 $9.01 and a 12-month high of $22.26. The stock has a market capitalization of $2.21 billion, a P/E ratio of -5.42 and a beta of 2.54. The firm’s 50 day moving average is $12.09 and its 200 day moving average is $15.12.

Analyst Ratings Changes

A number of research firms have issued reports on RUN. Wells Fargo & Company decreased their price objective on Sunrun from $20.00 to $15.00 and set an “overweight” rating for the company in a report on Friday, November 8th. Truist Financial reissued a “hold” rating and set a $12.00 price target (down from $18.00) on shares of Sunrun in a research report on Tuesday, November 12th. Guggenheim cut shares of Sunrun from a “buy” rating to a “neutral” rating in a report on Thursday, November 7th. Piper Sandler cut Sunrun from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $23.00 to $11.00 in a research report on Friday, November 22nd. Finally, Morgan Stanley reduced their price objective on Sunrun from $35.00 to $27.00 and set an “overweight” rating for the company in a research report on Friday, November 15th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $19.21.

Insider Activity

In other news, insider Jeanna Steele sold 2,624 shares of Sunrun stock in a transaction on Monday, October 7th. The shares were sold at an average price of $16.35, for a total transaction of $42,902.40. Following the transaction, the insider now owns 305,636 shares in the company, valued at $4,997,148.60. This trade represents a 0.85 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Lynn Michelle Jurich sold 50,000 shares of the company’s stock in a transaction on Thursday, December 19th. The stock was sold at an average price of $9.42, for a total value of $471,000.00. Following the completion of the sale, the director now owns 1,041,753 shares of the company’s stock, valued at $9,813,313.26. This trade represents a 4.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 169,691 shares of company stock valued at $2,011,601 in the last ninety days. 3.77% of the stock is currently owned by company insiders.

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.