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Posts Tagged ‘affiliated managers group’

AMG Reports Q4 Results, Update on Dividends

January 30th, 2017 Comments off
MassiveInvestorMovesatAffiliatedManagersGroupcreditAMGPixaby-postedtothedailybusinessnewsmhpronewsmhlivingnews

Credit: AMG, Pixaby.

 

Affiliated Managers Group, Inc. (NYSE: AMG) reported its results for the fourth quarter and full year 2016 today.

For the fourth quarter of 2016, diluted earnings per share (EPS) were $2.67, compared to $2.67 for the same period of 2015; net income was $150.2 million, compared to $147.5 million for the same period of 2015.

 

Adjusted earnings before interest, tax, depreciation and amortization (EBITDA) were $289.7 million, compared to $263.1 million for the same period of 2015, and fourth quarter revenue was $550.3 million, compared to $589.8 million for the same period of 2015.

For the year ended December 31, 2016, diluted earnings per share were $8.57, compared to $9.17 for 2015.  Economic earnings per share were $12.84, compared to $12.47 for 2015, and net income was $472.8 million, compared to $509.5 million for 2015.

Net client cash flows for the fourth quarter of 2016 were $4.1 billion, and for the full year were $7.4 billion.

AMGReportsQ4ResultsUpdateonDividendscreditFindTheCompanySeanHealy-postedtothedailybusinessnewsmhpronewsmhlivingnews

Sean Healey. Credit: Find The Company.

AMG generated strong results for the fourth quarter and the full year 2016, including Economic earnings per share of $3.80 for the fourth quarter and $12.84 for the full year, both at record levels and representing earnings growth of 6% and 3% for each period, respectively,” stated Sean M. Healey, Chairman and CEO.

Against the backdrop of earnings declines across the asset management industry broadly, we continued to produce growth in our earnings, even with only a partial impact from investments closed during the second half of the year. With assets under management increasing 16% year-over-year to $727 billion, we enhanced the earnings power of our business through successful execution across all aspects of our growth strategy – including positive organic growth from net client cash flows in 2016, the long-term investment outperformance of our Affiliates, and the addition of outstanding new Affiliates during the year.

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AMGReportsQ4ResultsUpdateonDividendscreditAMGYoY-postedtothedailybusinessnewsmhpronewsmhlivingnews

Dividend Announced

AMG has also authorized the initiation of a quarterly cash dividend commencing in the first quarter of 2017, and declared an initial dividend of $0.20 per common share, payable February 23, 2017 to stockholders of record as of the close of business on February 9, 2017.

Additionally, the board authorized a share repurchase for a total of four million shares.

AMGReportsQ4ResultsUpdateonDividendscreditBloomberg-postedtothedailybusinessnewsmhpronewsmhlivingnews

AMG 1 year look. Credit: Bloomberg.

The program allows AMG to “repurchase issued and outstanding shares of its common stock in open market or privately negotiated transactions, with the timing of purchases and the amount of stock purchased determined at the discretion of AMG’s management,” the company said in a statement.

The initiation of a dividend and ongoing repurchase of our shares evidence our confidence in AMG’s future business prospects and commitment to maximizing returns for our shareholders through the disciplined allocation of the strong and growing free cash flow generated by our business,” said Healy.

AMG is one of the various manufactured housing industry-connected stocks monitored each business day on the industry’s only daily market report, featured exclusively on the Daily Business News.  For the most recent closing numbers on all MH industry-connected tracked stocks, please click here. ##

AMG Q4 2016 Results

 

(Image credits are as shown above.)

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RC Williams, for Daily Business News, MHProNews.

Submitted by RC Williams to the Daily Business News for MHProNews.

Massive Investor Moves at Affiliated Managers Group

January 10th, 2017 Comments off
MassiveInvestorMovesatAffiliatedManagersGroupcreditAMGPixaby-postedtothedailybusinessnewsmhpronewsmhlivingnews

Credit: AMG, Pixaby.

A number of investors have made significant moves in the holdings of Affiliated Managers Group Inc. (NYSE:AMG) recently.

Per the Daily Quint, FSI Group LLC increased its stake in the company by 84 percent during the second quarter, valued at $3.238 million.

Other significant investor moves include:

  • Adage Capital Partners GP LLC increased its stake in the company by 56.6 percent in the second quarter, and now owns 134,125 shares of stock worth $18.88 million.
  • Polar Capital LLP increased its stake 83.4 percent in the second quarter and now owns 128,120 shares of stock valued at $18.035 million.
  • Barclays PLC increased its stake by 324.6 percent in the second quarter.

During the company’s most recent earnings call, AMG reported earnings per share (EPS) of $3.02, topping the Thomson Reuters’ consensus estimate of $3.00.

The company had revenue of $613.10 million for the quarter, compared to analysts’ expectations of $565.44 million. AMG had a net margin of 21.10 percent and a return on equity of 18.04 percent.

MassiveInvestorMovesatAffiliatedManagersGroupcreditBloomberg-postedtothedailybusinessnewsmhpronewsmhlivingnews

AMG 1 year look. Credit: Bloomberg.

As the Daily Business News reported recently, company insiders have also made moves.

Per Baseball News Source, CEO Sean M. Healey sold 62,000 shares of stock on December 15th. The stock was sold at an average price of $154.84, for a total transaction of $9,600,080.00. Healey now directly owns 122,292 shares in the company, valued at approximately $18,935,693.28.

Director Dwight D. Churchill sold 3,125 shares on December 12th, with an average price of $160.23, for a total value of $500,718.75. Churchill now directly owns 6,667 shares in the company, valued at approximately $1,068,253.41.

AMG is one of the various industry-connected stocks monitored each business day on the industry’s only daily market report, featured exclusively on the Daily Business News.

For AMG’s most recent quarterly report, click here. For the most recent closing numbers on AMG and all MH industry-connected tracked stocks, please click here. ##

(Image credits are as shown above.)

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RC Williams, for Daily Business News, MHProNews.

Submitted by RC Williams to the Daily Business News for MHProNews.

Investors Up Stakes In Affiliated Managers Group

November 18th, 2016 Comments off

AnalystsOnAMGBullishorBearish-AMG=logocredit-textcredit-DailyBusinessNews-MHProNews-Fresh off of their quarterly earnings call on October 31st where they beat analysts’ expectations, Affiliated Managers Group (NYSE:AMG) saw Sterling Capital Management LLC increase its stake in the company by 5.9 percent during the second quarter.

Sterling Capital Management now owns about 1.02 percent of AMG, valued at $77.22 million.

Other investors also took or adjusted positions in the company:

  • Quantbot Technologies LP acquired a new stake in AMG, valued at $2.58 million.
  • North Star Asset Management Inc. boosted its stake by 2.5 percent and now owns 79,211 shares worth $11.15 million.
  • Atlanta Capital Management Co. LLC increased its stake by 41.2 percent in the first quarter.
  • Ferguson Wellman Capital Management Inc. increased its stake by 4.8 percent in the second quarter.
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Credit: Baseball News Source.

During their earnings call, AMG reported earnings per share (EPS) of $3.02, topping the Thomson Reuters’ consensus estimate of $3.00.

The company had revenue of $613.10 million for the quarter, compared to analysts’ expectations of $565.44 million. AMG had a net margin of 21.10 percent and a return on equity of 18.04 percent.

investorsupstakesinaffiliatedmanagersgroupcreditbloomberg-postedtothedailybusinessnewsmhpronewsmhlivingnews

Credit: Bloomberg.

The Daily Business News recently covered analysts guidance on AMG here. In that report, Zacks Investment Research downgraded AMG from “buy” to “hold.

Affiliated Managers has a positive record of earnings surprises in the recent quarters. Also, the estimates have been rising ahead of the company’s third-quarter 2016 earnings release,” the research note said. The company remains well positioned based on successful partnerships and global distribution capability along with a diverse product mix and initiatives undertaken to strengthen the retail market operations.

zackslogo-posteddailybusinessnewsmhpronews

Credit: Zacks.

Zack’s elaborated by saying that, “Given its strong balance sheet and liquidity position, the company has considerable capabilities to invest in other firms. However, one of the company’s major concerns is the continuous increase in expenses due to investment in affiliates. Further, intangible assets form a substantial part of the balance sheet and hence the company faces the risk of impairment.

AMG is one of the various industry-connected stocks monitored each business day on the industry’s only daily market report, featured exclusively on the Daily Business News.  For the most recent closing numbers on all MH industry-connected tracked stocks, please click here. ##

(Image credits as shown above.)

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RC Williams, for Daily Business News, MHProNews.

Submitted by RC Williams to the Daily Business News for MHProNews.

 

Sunday Morning Weekly Recap – Manufactured Housing Industry News – November 6th – November 13th, 2016

November 13th, 2016 Comments off

sunday-morning-weekly-manufactured-home-pro-news-recap-1-4-to-1-10-2015-mhpronews-com-This month, we continue with our thought-provoking themeEntrepreneurs November in MHVille 2016That link will take you to all of the featured articles and interviews this month.

Manufactured, modular and prefabricated home professionals know that how a home got to its location should not define a person or their dwelling.

What the Daily Business News spotlights day-by-day are the tragedies, triumphs and struggles for acceptance of the obvious solution for millions for the growing affordable housing crisis in the U.S. and beyond.

mhpronewslogoindustrynewstipsviewsproscanuse

When you read the lineup for the month found on Entrepreneurs November in MHVille 2016, you can reflect on another motto as you chart your own professional path ahead:

We Provide, You Decide.”  ©

 

What’s New On MHLivingNews

mhlivingnews-improvedlivingforle-logo

 

8sundaymorningweeklyrecapmanufacturedhousingindustrynewsnovmeber6thnov13th2016-postedtomanufacturedhousingindustrydailybusinessnewsmhpronews

Credit: MHProNews. 

State’s Manufactured Home Sales Soar

Designer Amy Shock’s Extreme Mobile Home Makeover – Photos & Report

 

What’s New On MHProNews

 

Saturday November 12th, 2016

1sundaymorningweeklyrecapmanufacturedhousingindustrynewsnovmeber6thnov13th2016-postedtomanufacturedhousingindustrydailybusinessnewsmhpronews 

Housing Summit to Address Workforce Housing, Showcase Manufactured Housing

 

Friday November 11th, 2016

 

Manufactured Housing CV Up 3.54 Percent, New Record High for Broader Markets

 2sundaymorningweeklyrecapmanufacturedhousingindustrynewsnovmeber6thnov13th2016-postedtomanufacturedhousingindustrydailybusinessnewsmhpronews

Investor Sentiment Better than Expected for UMH Properties

Tribal Nation Wins Appeal in “Mobile” Community Case

Investors, Analysts Weigh in on Equity LifeStyle Properties

 

Thursday November 10th, 2016

 

Affiliated Managers Group Up, MHCV Down, Broader Markets Mixed, Dow Sets Record

President-Elect Transition Team, POTUS Obama, Mr. Trump Meet

3sundaymorningweeklyrecapmanufacturedhousingindustrynewsnovmeber6thnov13th2016-postedtomanufacturedhousingindustrydailybusinessnewsmhpronews 

Utility Shutdown Could Lead to MH Community Being Condemned

Cavco Industries Reports Q2 Results 

Stocks Plunge & Surge – Unity and Protests

Ordinance Preventing Section 8 Discrimination Passes

  

Wednesday November 9th, 2016

4sundaymorningweeklyrecapmanufacturedhousingindustrynewsnovmeber6thnov13th2016-postedtomanufacturedhousingindustrydailybusinessnewsmhpronews

Skyline spikes, leads MHCV as Dow Swings 1000 Points On Trump Victory

“Amazing Future Homes” Video

TD Securities, Scotiabank Restate Positive Ratings for Killam Properties

Upset Win by Gracious President Elect, Donald Trump

  

Tuesday November 8th, 2016

Sun Communities, Universal Forest Products Up, MHCV Down, Broader Markets Steady

Money Missing from MH Cooperative, President Arrested

Trump has 32-25 lead in NH, Brits say Election for “Soul” of America 

Residents Forced to Move Due to Rezoning

5sundaymorningweeklyrecapmanufacturedhousingindustrynewsnovmeber6thnov13th2016-postedtomanufacturedhousingindustrydailybusinessnewsmhpronews 

Status Quo or Time for a Big Change? Election 2016

  

Monday November 7th, 2016

UMH Properties Leads Up Day for MHCV, Broader Markets Up 371

Top Trends for Manufactured Home Buyers

 6sundaymorningweeklyrecapmanufacturedhousingindustrynewsnovmeber6thnov13th2016-postedtomanufacturedhousingindustrydailybusinessnewsmhpronews

State Manufactured Homes Sales Rise 47 Percent In 2016

All Locked Up! Election Videos, Pics & Analysis

Champion Homes Purchases Former Excel Homes Facility

  

Sunday November 6th, 2016

 7sundaymorningweeklyrecapmanufacturedhousingindustrynewsnovmeber6thnov13th2016-postedtomanufacturedhousingindustrydailybusinessnewsmhpronews

Sunday Morning Weekly Recap – Manufactured Housing Industry News – October 30th – November 5th, 2016

Clinton Cash Machine vs. Donald Trump’s Movement – Closing Arguments Video

(Image credits are as shown above.)

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RC Williams, for Daily Business News, MHProNews.

Submitted by RC Williams to the Daily Business News for MHProNews.

Affiliated Managers Group (AMG) Downgraded

October 17th, 2016 Comments off
amgzacksohiomanufacturedhomeshowcollagebymhpronews

Photo in the collage at right, from the Eastern Ohio Manufactured Home Show. AMG and Zack’s logos are the property of their respective companies, and are shown here under fair use guidelines. Image collage by MHProNews.

Zacks Investment Research cut shares of Affiliated Managers Group Inc. (NYSE:AMG) from “buy” to “hold” in a research note published on October 12th, in reports covered by The Cerbat Gem and Breaking Finance News.

Affiliated Managers has a positive record of earnings surprises in the recent quarters. Also, the estimates have been rising ahead of the company’s third-quarter 2016 earnings release,” the research note said. The company remains well positioned based on successful partnerships and global distribution capability along with a diverse product mix and initiatives undertaken to strengthen the retail market operations.

zackslogo-posteddailybusinessnewsmhpronews

Image credit, Zacks.

Zack’s elaborated by saying that, “Given its strong balance sheet and liquidity position, the company has considerable capabilities to invest in other firms. However, the company’s one of the major concerns is the continuous increase in expenses due to investment in affiliates. Further, intangible assets form a substantial part of the balance sheet and hence the company faces the risk of impairment.”

Other agencies have also provided guidance on AMG recently.

amgdowngradedcreditcompanies-manufacturedhousingindustrydailybusinessnewsmhpronews

Credit: Companies logos are as shown, with all logos on this page provided under Fair Use guidelines.

  • Jefferies Group cut their target price from $195.00 to $193.00 and set a “buy” rating on October 11th.
  • Capital One Financial Corp. reaffirmed a “buy” rating and issued a $188.00 target price on October 5th.
  • Credit Suisse Group AG reaffirmed an “outperform” rating and issued a $212.00 target price on September 8th.
  • Keefe, Bruyette & Woods cut their target price from $215.00 to $196.00 and set an “outperform” rating on August 2nd.
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To see the report with the graphic above, click here.

AMG has an average rating of “buy” and an average target price of $179.75.

amg-graphicfrominvestorreport-postedmanufacturedhousingindustrydailybusinessnewsmhpronews

Credit – AMG investor report, see download at the bottom of this article.

During its most recent earning call on August 1st, AMG reported earnings per share of $3.06 for the quarter, topping analysts’ estimates of $3.01.

AMG had a return on equity of 18.39% and a net margin of 20.47%. The company had revenue of $646.60 million for the quarter, compared to analyst estimates of $565.16 million.

During the same quarter in the prior year, the company posted $3.08 EPS. Revenue for the quarter was down 14.3% compared to the same quarter last year.

amgdowngraded-manufacturedhousingindustrydailybusinessnewsmhpronews

Credit: Companies as shown, with all logos on this page provided under Fair Use guidelines.

Investors that made adjustments in their positions in AMG included:

  • Mizuho Asset Management Co. Ltd. increased its stake in 92.3% in the second quarter. The company now owns 729 shares of the company’s stock worth $103,000 after buying an additional 350 shares during the period.
  • Mycio Wealth Partners LLC increased its stake by 47.9% in the second quarter. The company now owns 880 shares of the company’s stock worth $124,000 after buying an additional 285 shares during the period.
  • Advisor Group Inc. acquired a new stake the second quarter worth $124,000.
  • FNY Managed Accounts LLC increased its stake by 360.0% in the second quarter. The company now owns 920 shares of the company’s stock worth $130,000 after buying an additional 720 shares during the period.
  • Washington Trust Bank increased its stake by 90.1% in the second quarter. The bank now owns 998 shares of the company’s stock worth $140,000 after buying an additional 473 shares during the period.
amggraphicfrominvestorreport-postedmanufacturedhousingindustrydailybusinessnewsmhpronews

Credit – AMG investor report, see download at the bottom of this article.

AMG is one of the various industry connected stocks monitored each business day on the industry’s only daily market report, featured exclusively on the Daily Business News.  For the most recent closing numbers on all MH industry-connected tracked stocks, please click here. ##

(Image credits are as shown above.)

rcwilliams-writer75x75manufacturedhousingindustrymhpronews

RC Williams, for Daily Business News, MHProNews.

Submitted by RC Williams to the Daily Business News for MHProNews.

CVCO, NRF slide, Carlyle Group, LPX glide higher, Politics/Economics Mix

September 8th, 2016 Comments off

cnnmoneydowticker982016-posteddaiybusinessnews-mhpronewsOn items that CNN Money finds of interest as part of their market reports for the day: Wells Fargo fires 5,300 for creating fake accounts, Hillary Clinton finally holds a press conference and Airbnb is cracking down on discrimination. MarketWatch notes: iPhone 7 fails to impress, but Apple predicts sellout. Fed asks Congress to limit bank commodity activities, Libertarian presidential candidate Gary Johnson asks: ‘And what is Aleppo?’ In Clinton vs. Trump, “forecasters say anything could happen.”

The three major U.S. market indexes at the close today:

S&P 500: 2,181.30 -4.86 (-0.22%).

Dow JIA: 18,479.91 -46.23 (-0.25%).

Nasdaq: 5,259.48 -24.44 (-0.46%).

2016-09-08_1644yahoocredit-posteddailybusinessnewsmhpronews

Yahoo! Manufactured Housing Composite Value at the close, 1,396.71 -32.05 (-2.24%).

Manufactured Housing Composite Value Ticker

yahoomanufacturedhousingcompositevalue-posteddailybusinessnewsmhpronews

Graphic credit, Yahoo.

Among manufactured housing industry connected tracked stocks, the big losers for today: CVCO  and NRF slide.  Among the gainers, Carlyle Group and LPX.  See chart below.

Note: The Manufactured Housing Composite Value (MHCV) does not include many of the stocks in the report below.

 

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Graphic credit, Bloomberg Ticker for Daily Business News Manufactured Housing Industry Connected Stock Market Report, MHProNews.

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Graphic credit, Bloomberg Ticker for Daily Business News Manufactured Housing Industry Connected Stock Market Report, MHProNews.

Berkshire Hathaway is the parent company to Clayton Homes, 21st Mortgage, Vanderbilt Mortgage and other factory built housing industry suppliers.  Drew, Patrick, UFPI and LP all supply manufactured housing, while AMG, CG and TAVFX have investments in manufactured housing related businesses. ##

(Image credits are as shown.)

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L. A. ‘Tony’ Kovach is the publisher of MHProNews.com and MHLivingNews.com.

Manufactured Housing Industry Connected Stock Market Report by L. A. “Tony” Kovach, to the Daily Business News for MHProNews.

Sun & Third Ave lead, Deer Valley, UMH, LPX & MHCV recede

September 6th, 2016 Comments off

DowTickerCNNMoneyPostedDailyBusinessNewsMHProNews-CNN Money headlines included Donald Trump’s assertion that the Fed has created a “false economy,” and that Americans don’t believe unemployment rate (see in-depth labor and economic charts/graphics and report, linked here.) Meanwhile, MarketWatch warns – Clouds gathering on U.S. economy? And without action, a government shutdown looms in three weeks – a budget deal is needed.

The three major U.S. market indexes at the close today:

Dow Jones Industrial Avg. – 18,538.12 – 46.16 (0.25%).

S&P 500 – 2,186.48 – 6.50 (0.30%).

Nasdaq – 5,275.91 – 26.01 (0.50%).

S&P500DowJIATickerNasdaq-Yahoo-postedDailyBusinessNews-MHProNews

Graphic credit, Yahoo.

Yahoo! Manufactured Housing Composite Value at the close, 1,417.45-5.50 (-0.39%).

Manufactured Housing Composite Value Ticker

YahooManufacturedHousingCompositeIndex=postedDailyBusinessNewsMHProNews-

Note – for the first time, we are bringing readers the 1 day and the 5 day rolling on the MHCV, credit Yahoo.

 

DVLY was the largest loser on the day, while Cavco was the biggest gainer. For our recent deeper dive into Skyline, click here.  To see Joe Dyton’s head-to-head comparison of Sun Communities vs. apartment giant, MAA, please click here.

*Note: the chart below includes stocks not included in the MHCV

Bloomberg-ManufacturedHomeConnectedStocks-DailyBusinessNewsMHProNews-

Graphic credit, Bloomberg Ticker for Daily Business News Manufactured Housing Industry Connected Stock Market Report, MHProNews.

bloomberg-ManufacturedHousingIndustry-MHCommunities-ConnectedStocks-postedDailyBusinessNewsMHProNews-

Graphic credit, Bloomberg Ticker for Daily Business News Manufactured Housing Industry Connected Stock Market Report, MHProNews.

Berkshire Hathaway is the parent company to Clayton Homes, 21st Mortgage, Vanderbilt Mortgage and other factory built housing industry suppliers.  Drew, Patrick, UFPI and LP all supply manufactured housing, while AMG, CG and TAVFX have investments in manufactured housing related businesses. ##

(Image credits are as shown.)

l-a-tony-kovach-daily-business-news-mhpronews-

L. A. ‘Tony’ Kovach is the publisher of MHProNews.com and MHLivingNews.com.

ICYMI, Matthew Silver is taking some much needed and well-earned time off, and L. A. “Tony” Kovach will be helping fill the Daily Business News role in the interim).

Manufactured Housing Industry Connected Stock Market Report by L. A. “Tony” Kovach, to the Daily Business News for MHProNews.

Cavco Leader, MHCV Outperforms, as soft jobs reports checks Wall Street

September 2nd, 2016 Comments off
DOWjia-9.2.2016creditCNNmoney-postedDailyBusinessNewManufacturedHousingIndustryConnectedStockMarketReport-MHProNews-

Dow 9-2-2016 Ticker credit, CNN Money.

Stocks ended modestly higher after a soft jobs report, says MarketWatch. “The U.S. added 151,000 jobs in August, slowing sharply from earlier in the summer.”

The billion-plus monthly pageview news aggregator Drudge Report cited the following headlines and numbers; Biggest gains in bars, restaurants‘Army of Men’ Out of Work 94,391,000 Not In Labor Forceand Gov’t Workers Outnumber Manufacturing Workers by 9,932,000.

All 3 major U.S. stock market indexes closed higher, with the Manufactured Housing Composite Value (MHCV) outperforming them all, see the report below.

Dow – 18,491.96  /  +72.66 +0.43%.

Nasdaq – 5,249.90  /  +22.69 +0.42%.

S&P 500 2,179.98  /  +9.12.

S&P500DowNasdaq9-2-2016-creditYahoo-postedDailyBusinessNews-MHProNews-

3 index ticker credit, Yahoo.

 

The Yahoo! Manufactured Housing Composite Value closed today at: 1,422.94 +34.09 (+2.45%).

Manufactured Housing Composite Value Ticker

YahooManufacturedHousingCompValue-PostedDailyBusinessNewsManufacturedHousingIndustryRelatedStockMarketReport-MHProNews-

Chart credit, Yahoo.

 

DVLY was the largest loser on the day, while Cavco was the biggest gainer.  To see Joe Dyton’s head-to-head comparison of Sun Communities vs. apartment giant, MAA, please click here.

*Note: the chart below includes stocks not included in the MHCV

9.2.2016BloombergTicker=ManufacturedHousingIndustryConnectedStockspostedDailyBusinessNewsMarketReport-MHProNews

Graphic credit, Bloomberg Ticker for Daily Business News Manufactured Housing Industry Connected Stock Market Report, MHProNews.

9.2.2016-BloombergTicker=ManufacturedHousingIndustryConnectedStocks2postedDailyBusinessNewsMarketReport-MHProNews

Graphic credit, Bloomberg Ticker for Daily Business News Manufactured Housing Industry Connected Stock Market Report, MHProNews.

 

Berkshire Hathaway is the parent company to Clayton Homes, 21st Mortgage, Vanderbilt Mortgage and other factory built housing industry suppliers.  Drew, Patrick, UFPI and LP all supply manufactured housing, while AMG, CG and TAVFX have investments in manufactured housing related businesses. ##

(Image credits are as shown.)

l-a-tony-kovach-daily-business-news-mhpronews-

L. A. ‘Tony’ Kovach is the publisher of MHProNews.com and MHLivingNews.com.

(Editor’s Note: As the insightful report yesterday by Joe Dyton reflects, or this performance comparison of Sun Communities with Apartment giant, MAA – linked here demonstrates, MHProNews is welcoming periodic guest writers.

ICYMI, Matthew Silver is taking some much needed and well-earned time off, and L. A. “Tony” Kovach will be helping fill the Daily Business News role in the interim).

MH Industry Market Report by L. A. “Tony” Kovach, to the Daily Business News for MHProNews.

AMG sliding, MHCV rising, Other Markets Close Mixed

September 1st, 2016 Comments off
DOWjia91-2016-creditCNNMoney-postedDailyBusinessNews-MHProNews

NOTE: if you hear sounds coming on, scroll down to the FEMA manufactured housing report, and push PAUSE on the video. Sorry, but that video only offered an autoplay function. MHProNews produced videos do not do that…Image credit above, CNN Money.

U.S. Manufacturing Hits Rough Spot in Possible Warning on Growth,” says Bloomberg, which also notes thatIt’s Hard to Overstate How Quiet Stock Markets Are Right Now.” In the wake of their spectacular explosion on the launch pad, CNBC asks – Why was Facebook launching a satellite?”

The three main U.S. Markets closed mixed, as shown by the numbers, below.

Dow +0.10% 18,419.30  /  +18.42 +0.27%.

Nasdaq 5,227.21  /  +13.99.

S&P 500 -0.00% 2,170.86  /  -0.09.

S&P500DowJIA-Nasdaq3Tickers-creditYahoo-postedDailyBusinessNewsMHProNews-

3 Market Tickers, credit, Yahoo.

The Yahoo! Manufactured Housing Composite Value closed today at: 1388.8, with Today’s Change: +0.86%.

Manufactured Housing Composite Value Ticker

YahooFinanceManufacturedHousingIndustryConnectedStocksCompositeValue-PostedDailyBusinessNews-MHProNews-

Credit, Yahoo Finance for the Daily Business News, MHProNews.

AMG was the largest loser on the day, while LPX was the biggest gainer, followed by UMH (note: for those eagle eyes out there, DVLY may look to be the day’s largest gainer, but note the date posted for their last trades…).

*Note: the chart below includes stocks not included in the MHCV

9-1-2016ManufacturedHousingIndustryMHCommunitiesParksConnectedStocks-creditBloombert-postedDailyBusinessNews-MHProNews

Credit, Bloomberg ticker for manufactured housing industry connected stocks, to the Daily Business News –MHProNews.

9-1-2016ManufacturedHousingIndustryMHCommunitiesParksConnectedStocks-creditBloombert-postedDailyBusinessNews2-MHProNews

Credit, Bloomberg ticker for manufactured housing industry connected stocks, to the Daily Business News –MHProNews.

Berkshire Hathaway is the parent company to Clayton Homes, 21st Mortgage, Vanderbilt Mortgage and other factory built housing industry suppliers.  Drew, Patrick, UFPI and LP all supply manufactured housing, while AMG, CG and TAVFX have investments in manufactured housing related businesses. ##

(Image credits are as shown.)

l-a-tony-kovach-daily-business-news-mhpronews-

L. A. ‘Tony’ Kovach is the publisher of MHProNews.com and MHLivingNews.com.

(Editor’s Note: As the insightful report today by Joe Dyton reflects, MHProNews is welcoming periodic guest writers. ICYMI, Matthew Silver is taking some much needed and well-earned time off, and L. A. “Tony” Kovach will be helping fill the Daily Business News role in the interim).

MH Industry Market Report by L. A. “Tony” Kovach, to the Daily Business News for MHProNews.

 

Dow Comes Back Strong; MHCV Outgained the Dow, +1.79 percent

August 5th, 2016 Comments off

Aug_5_Dow_Jones_Industrial_Average__CNNMoney_credit postedDailyBusinessNewsMHProNewsIn the news from CNNMoney: Seniors are getting locked out of Social Security. Subway has a new ‘fresh’ logo. American Airlines agrees to double-digit pay raises. Nazi leader Nermann Göring’s gold plated Walther PPK handgun up for auction. U. S. economy hired 255,000 new workers in July, it’s second straight month of strong growth. Top golfers shun Rio. Ransomware hackers are targeting U. S. executives. Chinese investors buy AC Milan for $820 million. Amazon unveils its first branded plane.

The Dow Jones Industrial Average advanced 1.04 percent following the good jobs report, +191.48 points, to end the first week in Aug. at 18,543.53.

The NASDAQ moved up +1.06 percent, +54.87 points to finish at 5,221,12.

The S&P 500 gained +0.86 percent, +18.62 points, to end the day at 2,182.87

Meanwhile, the Yahoo Manufactured Housing Composite Value (MHCV) edged up +1.79 percent to end at 1392.2. MH-related stocks closed mixed or even. Nobility Homes gained the most of stocks MHProNews tracks, advancing +3.33 percent, +0.50 points, to close at $15.50. Skyline Corp. fell the most of active tracked stocks, -1.79 percent, -0.18 points to end the week at $9.87.

Affiliated Managers Group, Inc. (NYSE: AMG) $146.28 +4.06 (+2.85%).

Berkshire Hathaway Inc. (NYSE:BRKA) – parent company to Clayton Homes, 21st Mortgage, Vanderbilt Mortgage and other factory built housing industry suppliers 218,010 +3,180.00 (+1.48%).

Carlyle Group (NASDAQ:CG) $16.84 0.00 (0.00%).

Cavco Industries, Inc. (NASDAQ:CVCO) $97.30 +0.52 (+0.54%).

Deer Valley Corporation (OTCMKTS:DVLY) $0.55 0.00 (0.00%).

Drew Industries, Inc. (NYSE:DW) $93.42 -0.63 (-0.67%).

Equity LifeStyle Properties, Inc. (NYSE:ELS) $80.33 +0.29 (+0.36%).

Killam Properties Inc. (TSE:KMP) $10.19 -0.18 (-1.74%). (Jan.6)

Louisiana-Pacific Corporation (NYSE:LPX) $20.30 -0.19 (-0.93%).

Nobility Homes Inc. (OTCMKTS:NOBH) $15.50 +0.50 (+3.33%)

Northstar Realty Finance Corp (NYSE:NRF) $13.71 +0.11 (+0.81%)

Patrick Industries, Inc. (NASDAQ:PATK) $63.63 +0.18 (+0.28%).

Skyline Corporation (NYSE:SKY) $9.87 -0.18 (-1.79%).

Sun Communities Inc. (NYSE:SUI) $77.05 -0.50 (-0.64%).

Third Avenue Value Instl (OTCMKTS:TAVFX) $50.76 +0.13 (+0.26%).

UMH Properties, Inc. (NYSE:UMH) $12.25 +0.27 (+2.25%).

Universal Forest Properties, Inc. (NYSE:UFPI) $107.78 +0.25 (+0.23%). ##

(Graphic credit:CNNMoney)

matthew-silver-daily-business-news-mhpronews-comArticle submitted by Matthew J Silver to Daily Business News-MHProNews.