Sunrun Inc. (NASDAQ:RUN) Shares Sold by Canyon Capital Advisors LLC

Canyon Capital Advisors LLC lessened its stake in Sunrun Inc. (NASDAQ:RUN - Free Report) by 96.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 858,300 shares of the energy company's stock after selling 22,318,000 shares during the quarter. Sunrun accounts for about 1.0% of Canyon Capital Advisors LLC's investment portfolio, making the stock its 8th biggest holding. Canyon Capital Advisors LLC owned about 0.38% of Sunrun worth $7,939,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in RUN. Vanguard Group Inc. lifted its stake in Sunrun by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 23,749,115 shares of the energy company's stock valued at $219,679,000 after acquiring an additional 343,448 shares in the last quarter. Alyeska Investment Group L.P. lifted its position in shares of Sunrun by 593.9% in the fourth quarter. Alyeska Investment Group L.P. now owns 12,028,454 shares of the energy company's stock worth $111,263,000 after purchasing an additional 10,294,947 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Sunrun by 27.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 6,621,303 shares of the energy company's stock worth $61,252,000 after purchasing an additional 1,427,858 shares during the last quarter. Invesco Ltd. grew its position in Sunrun by 20.8% in the fourth quarter. Invesco Ltd. now owns 6,008,879 shares of the energy company's stock valued at $55,582,000 after purchasing an additional 1,035,096 shares in the last quarter. Finally, Erste Asset Management GmbH increased its stake in 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 buying an additional 672,049 shares during the last quarter. Institutional investors and hedge funds own 91.69% of the company's stock.

Insider Activity at Sunrun

In other Sunrun news, CEO Mary Powell sold 31,197 shares of Sunrun stock in a transaction dated Monday, April 7th. The stock was sold at an average price of $6.74, for a total value of $210,267.78. Following the transaction, the chief executive officer now owns 534,615 shares in the company, valued at $3,603,305.10. The trade was a 5.51 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Danny Abajian sold 16,927 shares of the stock in a transaction dated Monday, April 7th. The stock was sold at an average price of $6.74, for a total transaction of $114,087.98. Following the completion of the transaction, the chief financial officer now directly owns 231,279 shares of the company's stock, valued at $1,558,820.46. This trade represents a 6.82 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 138,540 shares of company stock valued at $1,050,944 over the last three months. 3.77% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on RUN. Barclays decreased their price objective on Sunrun from $18.00 to $15.00 and set an "equal weight" rating for the company in a report on Tuesday, January 28th. StockNews.com upgraded Sunrun to a "sell" rating in a research note on Thursday. Morgan Stanley reissued an "equal weight" rating and issued a $11.00 price objective on shares of Sunrun in a report on Wednesday, April 23rd. Roth Capital set a $20.00 target price on shares of Sunrun in a report on Friday, February 28th. Finally, Citigroup reiterated a "neutral" rating and issued a $7.00 price target on shares of Sunrun in a research note on Thursday, April 17th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, Sunrun currently has a consensus rating of "Hold" and an average price target of $14.82.

Sunrun Price Performance

Shares of RUN stock traded up $0.88 during trading on Friday, hitting $9.38. The company had a trading volume of 29,788,674 shares, compared to its average volume of 10,807,223. The firm has a market capitalization of $2.14 billion, a P/E ratio of -5.15 and a beta of 2.66. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.15 and a current ratio of 1.47. The stock's 50-day moving average price is $6.77 and its 200 day moving average price is $9.01. Sunrun Inc. has a one year low of $5.45 and a one year high of $22.26.

Sunrun (NASDAQ:RUN - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The energy company reported $0.20 EPS for the quarter, beating analysts' consensus estimates of ($0.22) by $0.42. Sunrun had a negative return on equity of 5.15% and a negative net margin of 18.80%. The business had revenue of $504.27 million during the quarter, compared to the consensus estimate of $487.29 million. During the same quarter in the previous year, the firm earned ($0.40) earnings per share. Sunrun's revenue for the quarter was up 10.1% compared to the same quarter last year. Equities analysts expect that Sunrun Inc. will post -0.43 EPS for the current fiscal year.

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.