Investors Asset Management of Georgia Inc. GA ADV Cuts Stake in Sunrun Inc. (NASDAQ:RUN)

Investors Asset Management of Georgia Inc. GA ADV trimmed its position in Sunrun Inc. (NASDAQ:RUN) by 7.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 16,650 shares of the energy company’s stock after selling 1,400 shares during the period. Investors Asset Management of Georgia Inc. GA ADV’s holdings in Sunrun were worth $154,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of RUN. International Assets Investment Management LLC raised its stake in Sunrun by 1,706.3% in the 3rd 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 last quarter. Newbridge Financial Services Group Inc. raised 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 during the last quarter. Blue Trust Inc. lifted its stake 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 worth $33,000 after buying an additional 1,465 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Sunrun during the third quarter worth about $44,000. Finally, Union Bancaire Privee UBP SA purchased a new stake in Sunrun during the 4th quarter valued at about $56,000. 91.69% of the stock is currently owned by hedge funds and other institutional investors.

Sunrun Stock Down 0.8 %

RUN stock opened at $8.54 on Friday. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.47 and a quick ratio of 1.15. The business has a 50 day simple moving average of $9.47 and a 200-day simple moving average of $13.51. Sunrun Inc. has a twelve month low of $7.87 and a twelve month high of $22.26.

Insiders Place Their Bets

In other Sunrun news, Director Lynn Michelle Jurich sold 50,000 shares of the company’s stock in a transaction dated Thursday, December 19th. The shares were sold at an average price of $9.42, for a total transaction of $471,000.00. Following the transaction, the director now directly owns 1,041,753 shares in the company, valued at approximately $9,813,313.26. This represents a 4.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Mary Powell sold 4,350 shares of Sunrun stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $11.18, for a total transaction of $48,633.00. Following the sale, the chief executive officer now owns 560,321 shares of the company’s stock, valued at approximately $6,264,388.78. The trade was a 0.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 164,830 shares of company stock valued at $1,572,147. Insiders own 3.77% of the company’s stock.

Analysts Set New Price Targets

RUN has been the topic of a number of recent research reports. Truist Financial reissued a “hold” rating and set a $12.00 price objective (down previously from $18.00) on shares of Sunrun in a research note on Tuesday, November 12th. Glj Research reissued a “sell” rating and issued a $7.78 price objective on shares of Sunrun in a report on Thursday, November 7th. Roth Mkm reduced their target price on shares of Sunrun from $35.00 to $30.00 and set a “buy” rating on the stock in a research note on Friday, November 8th. Guggenheim cut shares of Sunrun from a “buy” rating to a “neutral” rating in a research note on Thursday, November 7th. Finally, StockNews.com upgraded Sunrun to a “sell” rating in a report on Friday, December 20th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $18.36.

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.