According to the filing with the Securities and Exchange Commission (SEC), GW&K’s investment is now worth $52,835,000, an increase of 9.5 percent.
Other hedge funds have also changed their positions in Sun. BNP Paribas Arbitrage, SA added 9,348 shares of SUI as of the end of Q2, 2016, and now owns 9,386 shares valued at $719,000.
Meanwhile, the Royal Bank of Canada sold 102 shares of Sun as of the end of the second quarter, reducing its stake from $8,000 to $1,000.
Usca Rai LLC raised its stake in Sun by 15 percent, adding 1,115 shares of common stock, and now owns 8,534 shares valued at $611,000. The overall value of the position increased 20.3 percent.
In the company’s latest earnings report, the earnings per share (EPS) was $2.48, but the forecast for the year is $3.72 EPS with 64,577,000 shares outstanding. Third quarter’s EPS is projected to hit $1.08; and for 2017, $4.10.
MHProNews knows Sun Communities owns and operates a mix of 337 manufactured home and recreational vehicle communities with some 117,000 developed sites. Sun is tracked as part of the Daily Business News manufactured and modular home related market report, see this link here. ##
(Image credit: Sun and GW&K Investments logo, collage credit, MHProNews, each firm’s logo is used under fair use guidelines).
