Cerity Partners LLC Sells 25,020 Shares of Sunrun Inc. (NASDAQ:RUN)

Cerity Partners LLC lowered its stake in shares of Sunrun Inc. (NASDAQ:RUN) by 61.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 15,525 shares of the energy company’s stock after selling 25,020 shares during the quarter. Cerity Partners LLC’s holdings in Sunrun were worth $144,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in RUN. Vanguard Group Inc. lifted its stake in Sunrun by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 23,749,115 shares of the energy company’s stock valued at $219,679,000 after buying an additional 343,448 shares during the period. Erste Asset Management GmbH raised its position in shares of Sunrun by 16.3% in the 4th quarter. Erste Asset Management GmbH now owns 4,789,213 shares of the energy company’s stock valued at $47,302,000 after acquiring an additional 672,049 shares during the period. Norges Bank bought a new position in Sunrun during the 4th quarter worth approximately $31,022,000. Charles Schwab Investment Management Inc. grew its holdings in Sunrun by 7.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,325,562 shares of the energy company’s stock valued at $21,511,000 after purchasing an additional 155,311 shares during the period. Finally, Clal Insurance Enterprises Holdings Ltd bought a new stake in Sunrun in the fourth quarter valued at approximately $18,500,000. Institutional investors and hedge funds own 91.69% of the company’s stock.

Insiders Place Their Bets

In other Sunrun news, Director Edward Harris Fenster bought 150,000 shares of the firm’s stock in a transaction on Monday, March 3rd. The stock was acquired at an average price of $6.80 per share, with a total value of $1,020,000.00. Following the transaction, the director now owns 1,358,182 shares in the company, valued at $9,235,637.60. This represents a 12.42 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Lynn Michelle Jurich sold 50,000 shares of the stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $9.10, for a total value of $455,000.00. Following the transaction, the director now directly owns 941,753 shares in the company, valued at $8,569,952.30. The trade was a 5.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 138,540 shares of company stock worth $1,050,944. Company insiders own 3.77% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on RUN shares. Truist Financial restated a “hold” rating and set a $6.00 target price (down from $9.00) on shares of Sunrun in a report on Wednesday, April 16th. Wells Fargo & Company cut their price objective on shares of Sunrun from $15.00 to $12.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 8th. Morgan Stanley reiterated an “equal weight” rating and set a $11.00 target price on shares of Sunrun in a report on Wednesday. Susquehanna cut their price target on Sunrun from $13.00 to $10.00 and set a “positive” rating on the stock in a report on Monday, April 14th. Finally, TD Cowen decreased their price objective on Sunrun from $18.00 to $14.00 and set a “buy” rating for the company in a report on Friday, February 28th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, Sunrun has an average rating of “Hold” and a consensus target price of $14.92.

Sunrun Stock Performance

Shares of NASDAQ:RUN opened at $7.39 on Friday. Sunrun Inc. has a 12 month low of $5.45 and a 12 month high of $22.26. The company has a current ratio of 1.47, a quick ratio of 1.15 and a debt-to-equity ratio of 1.92. The company has a 50-day moving average price of $6.83 and a 200-day moving average price of $9.56. The company has a market cap of $1.67 billion, a price-to-earnings ratio of -4.06 and a beta of 2.74.

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.