Diversify Wealth Management LLC Sells 14,850 Shares of Sunrun Inc. (NASDAQ:RUN)

Diversify Wealth Management LLC cut its holdings in shares of Sunrun Inc. (NASDAQ:RUN) by 5.8% during the fourth quarter, Holdings Channel reports. The fund owned 242,385 shares of the energy company’s stock after selling 14,850 shares during the period. Diversify Wealth Management LLC’s holdings in Sunrun were worth $2,434,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Assenagon Asset Management S.A. lifted its position in shares of Sunrun by 36.5% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,877,502 shares of the energy company’s stock worth $17,367,000 after purchasing an additional 501,918 shares in the last quarter. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Sunrun in the 4th quarter valued at $94,000. Principal Financial Group Inc. raised its position in shares of Sunrun by 33.7% during the third quarter. Principal Financial Group Inc. now owns 1,460,949 shares of the energy company’s stock worth $26,385,000 after acquiring an additional 367,835 shares during the last quarter. Franklin Resources Inc. acquired a new position in shares of Sunrun during the third quarter valued at $896,000. Finally, Wilmington Savings Fund Society FSB bought a new position in Sunrun in the third quarter valued at about $44,000. 91.69% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have issued reports on RUN. Wells Fargo & Company cut their target price 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. Jefferies Financial Group lowered their target price on shares of Sunrun from $31.00 to $29.00 and set a “buy” rating for the company in a report on Thursday, October 10th. UBS Group raised Sunrun from a “neutral” rating to a “buy” rating and increased their price target for the company from $14.00 to $17.00 in a research note on Friday, January 10th. BMO Capital Markets decreased their price objective on Sunrun from $20.00 to $11.00 and set a “market perform” rating for the company in a research note on Monday, November 11th. Finally, StockNews.com upgraded shares of Sunrun to a “sell” rating in a research report on Friday, December 20th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, Sunrun currently has a consensus rating of “Moderate Buy” and an average target price of $19.31.

Sunrun Stock Down 1.2 %

Shares of RUN opened at $9.44 on Tuesday. The firm has a market cap of $2.12 billion, a P/E ratio of -5.19 and a beta of 2.58. 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 $9.01 and a 52 week high of $22.26. The firm’s 50-day simple moving average is $10.30 and its 200 day simple moving average is $14.66.

Insider Activity

In related news, CEO Mary Powell sold 4,350 shares of the firm’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $11.18, for a total transaction of $48,633.00. Following the transaction, the chief executive officer now directly owns 560,321 shares of the company’s stock, valued at approximately $6,264,388.78. This trade represents a 0.77 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Lynn Michelle Jurich sold 50,000 shares of the business’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $9.94, for a total transaction of $497,000.00. Following the completion of the sale, the director now directly owns 1,092,446 shares of the company’s stock, valued at $10,858,913.24. This represents a 4.38 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 114,830 shares of company stock valued at $1,134,647. 3.77% of the stock is 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.