Good Life Advisors LLC Reduces Stake in Sunrun Inc. (NASDAQ:RUN)

Good Life Advisors LLC trimmed its stake in Sunrun Inc. (NASDAQ:RUN) by 26.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,318 shares of the energy company’s stock after selling 5,274 shares during the quarter. Good Life Advisors LLC’s holdings in Sunrun were worth $132,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Creative Planning raised its position in shares of Sunrun by 0.3% in the third quarter. Creative Planning now owns 290,259 shares of the energy company’s stock valued at $5,242,000 after purchasing an additional 784 shares during the period. Blue Trust Inc. raised 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 purchasing an additional 1,465 shares during the period. Sequoia Financial Advisors LLC bought a new stake in shares of Sunrun in the third quarter valued at approximately $181,000. International Assets Investment Management LLC raised 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 purchasing an additional 1,638 shares during the period. Finally, Assenagon Asset Management S.A. raised its position in shares of Sunrun by 207.3% in the third quarter. Assenagon Asset Management S.A. now owns 1,375,584 shares of the energy company’s stock valued at $24,843,000 after purchasing an additional 927,947 shares during the period. 91.69% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. StockNews.com raised shares of Sunrun to a “sell” rating in a research report on Friday, December 20th. Jefferies Financial Group lowered their price target on shares of Sunrun from $19.00 to $17.00 and set a “buy” rating on the stock in a research report on Tuesday, January 28th. Glj Research reaffirmed a “sell” rating and set a $7.78 target price on shares of Sunrun in a report on Thursday, November 7th. Truist Financial reaffirmed a “hold” rating and set a $12.00 target price (down previously from $18.00) on shares of Sunrun in a report on Tuesday, November 12th. Finally, TD Cowen initiated coverage on shares of Sunrun in a report on Thursday, December 19th. They set a “buy” rating and a $21.00 target price on the stock. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $18.36.

Insider Activity at Sunrun

In other Sunrun news, Director Lynn Michelle Jurich sold 50,000 shares of the firm’s stock in a transaction on Thursday, December 19th. The shares were sold at an average price of $9.42, for a total value of $471,000.00. Following 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Mary Powell sold 4,350 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 $48,633.00. Following the completion of the sale, the chief executive officer now directly owns 560,321 shares in the company, valued at approximately $6,264,388.78. This trade represents a 0.77 % decrease in their position. The disclosure for this sale can be found here. In the last 90 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 Price Performance

Shares of Sunrun stock opened at $8.42 on Friday. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.15 and a current ratio of 1.47. Sunrun Inc. has a 52-week low of $7.87 and a 52-week high of $22.26. The company has a fifty day moving average of $9.44 and a 200-day moving average of $13.45. The stock has a market capitalization of $1.89 billion, a price-to-earnings ratio of -4.63 and a beta of 2.59.

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.