Intrepid Financial Planning Group LLC Decreases Stock Holdings in Sunrun Inc. (NASDAQ:RUN)

Intrepid Financial Planning Group LLC reduced its stake in shares of Sunrun Inc. (NASDAQ:RUN) by 14.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,715 shares of the energy company’s stock after selling 3,025 shares during the quarter. Intrepid Financial Planning Group LLC’s holdings in Sunrun were worth $164,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Oppenheimer & Co. Inc. purchased a new stake in Sunrun in the third quarter valued at about $241,000. Natixis Advisors LLC raised its stake in Sunrun by 29.5% in the third quarter. Natixis Advisors LLC now owns 34,295 shares of the energy company’s stock valued at $619,000 after buying an additional 7,814 shares during the last quarter. Chesapeake Capital Corp IL purchased a new stake in Sunrun in the third quarter valued at about $217,000. Quest Partners LLC raised its stake in Sunrun by 149.9% in the third quarter. Quest Partners LLC now owns 19,290 shares of the energy company’s stock valued at $348,000 after buying an additional 11,570 shares during the last quarter. Finally, Drive Wealth Management LLC raised its stake in Sunrun by 4.5% in the third quarter. Drive Wealth Management LLC now owns 43,327 shares of the energy company’s stock valued at $782,000 after buying an additional 1,884 shares during the last quarter. 91.69% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Sunrun

In other news, Director Edward Harris Fenster bought 150,000 shares of the firm’s stock in a transaction dated Monday, March 3rd. The shares were acquired at an average price of $6.80 per share, for a total transaction of $1,020,000.00. Following the completion of the transaction, the director now directly owns 1,358,182 shares in the company, valued at $9,235,637.60. The trade was a 12.42 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CRO Paul S. Dickson sold 2,968 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $11.18, for a total value of $33,182.24. Following the completion of the transaction, the executive now owns 418,492 shares in the company, valued at approximately $4,678,740.56. This trade represents a 0.70 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 171,466 shares of company stock valued at $1,607,397. Company insiders own 3.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on RUN. BMO Capital Markets decreased their price target on Sunrun from $11.00 to $9.00 and set a “market perform” rating for the company in a research note on Monday, March 3rd. UBS Group cut their price objective on Sunrun from $17.00 to $15.00 and set a “buy” rating on the stock in a report on Tuesday, March 4th. Jefferies Financial Group lowered Sunrun from a “buy” rating to a “hold” rating and cut their price objective for the company from $14.00 to $8.00 in a report on Wednesday. JPMorgan Chase & Co. cut their price objective on Sunrun from $22.00 to $18.00 and set an “overweight” rating on the stock in a report on Thursday, January 23rd. Finally, Roth Capital set a $20.00 price objective on Sunrun in a report on Friday, February 28th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, Sunrun has an average rating of “Moderate Buy” and an average target price of $17.20.

Sunrun Stock Up 4.7 %

Shares of RUN opened at $6.50 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. Sunrun Inc. has a 12 month low of $5.93 and a 12 month high of $22.26. The stock’s 50 day moving average is $8.64 and its two-hundred day moving average is $12.15. The firm has a market cap of $1.47 billion, a P/E ratio of -3.57 and a beta of 2.84.

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.