Yousif Capital Management LLC Has $790,000 Stake in Sunrun Inc. (NASDAQ:RUN)

Yousif Capital Management LLC cut its stake in Sunrun Inc. (NASDAQ:RUN) by 1.9% in the fourth quarter, Holdings Channel.com reports. The firm owned 85,382 shares of the energy company’s stock after selling 1,656 shares during the quarter. Yousif Capital Management LLC’s holdings in Sunrun were worth $790,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in RUN. Jennison Associates LLC boosted its position in shares of Sunrun by 36.7% during the fourth quarter. Jennison Associates LLC now owns 61,498 shares of the energy company’s stock worth $569,000 after buying an additional 16,497 shares during the period. Alterna Wealth Management Inc. bought a new stake in Sunrun during the 4th quarter worth about $96,000. Swedbank AB boosted its stake in shares of Sunrun by 12.8% during the 4th quarter. Swedbank AB now owns 218,911 shares of the energy company’s stock worth $2,025,000 after buying an additional 24,792 shares during the last quarter. Pacific Capital Wealth Advisors Inc. grew its holdings in shares of Sunrun by 102.9% in the 4th quarter. Pacific Capital Wealth Advisors Inc. now owns 80,732 shares of the energy company’s stock valued at $747,000 after acquiring an additional 40,942 shares in the last quarter. Finally, Ridgecrest Wealth Partners LLC increased its position in shares of Sunrun by 11.0% in the fourth quarter. Ridgecrest Wealth Partners LLC now owns 80,000 shares of the energy company’s stock valued at $740,000 after acquiring an additional 7,929 shares during the last quarter. Institutional investors own 91.69% of the company’s stock.

Sunrun Stock Up 2.8 %

Shares of RUN opened at $8.82 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. The stock has a market capitalization of $1.98 billion, a PE ratio of -4.85 and a beta of 2.59. The firm’s 50 day moving average is $9.62 and its 200-day moving average is $13.72. Sunrun Inc. has a 12 month low of $7.87 and a 12 month high of $22.26.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Wells Fargo & Company decreased their price target on Sunrun from $15.00 to $12.00 and set an “overweight” rating for the company in a research note on Wednesday, January 8th. BMO Capital Markets lowered their target price on shares of Sunrun from $20.00 to $11.00 and set a “market perform” rating on the stock in a report on Monday, November 11th. Piper Sandler lowered shares of 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. The Goldman Sachs Group decreased their price objective on shares of Sunrun from $19.00 to $17.00 and set a “buy” rating for the company in a research report on Tuesday, December 17th. Finally, Guggenheim cut shares of Sunrun from a “buy” rating to a “neutral” rating in a report on Thursday, November 7th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, Sunrun has an average rating of “Moderate Buy” and a consensus price target of $18.36.

Insiders Place Their Bets

In other news, Director Lynn Michelle Jurich sold 50,000 shares of the company’s stock in a transaction that occurred on Thursday, December 19th. The shares were sold at an average price of $9.42, for a total transaction 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 approximately $9,813,313.26. This represents a 4.58 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CRO Paul S. Dickson sold 2,968 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 $33,182.24. Following the completion of the transaction, the executive now directly owns 418,492 shares in the company, valued at $4,678,740.56. This trade represents a 0.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 164,830 shares of company stock worth $1,614,147 in the last 90 days. Company insiders own 3.77% of the company’s stock.

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.