Posts Tagged ‘Sun Communities (NYSE: SUI)’

Hedge Funds Trading in Shares of Sun Communities

July 13th, 2016 Comments off

GWKInvestmentManagementSunCommunities=logocredits-respectivecompanies-postedDailyBusinesNewsMHProNewsMHProNews has learned from fidaily that GW&K Investment Management LLC purchased 15,805 shares of common stock of manufactured home community owner, Sun Communities, Inc. (NYSE:SUI) for the quarter ending June 30, 2016, increasing its stake to 2.3 percent. 

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).

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

Sunday Morning Weekly Recap – Factory Built – Housing News – for 12-7 to 12-13, 2014

December 14th, 2014 Comments off

sunday-morning-weekly-manufactured-housing-professional-news-weekly-recap-mhpronews-12-7-12.13.2014Do you have your coffee, tea or other favorite beverage at hand? Ready to catch up on the headlines from the week just past?

We have an East Coast holiday-style heart-warming story, as well as a heart-breaking story from out West. We spotlight a looming threat to MH, and this one isn’t regulatory. MHARR made the news on several topics, while SUN Communities hits a new high in the wake of more good Corporate news.

Captive finance is a hot topic, and we’ve got a timely story you won’t find anywhere else.

If you go to this new play, you’ll find another manufactured housing put-down production.

Dennis Hill shared good news about the rapidly approaching Louisville Manufactured Housing Show. Those and dozens of other headlines, many you won’t likely find anywhere else in factory built housing news are gathered below for your insight and benefit. That’s why you’re here – to get and stay informed. Let’s dive in…

Saturday 12.13.2014

Home Depot selling 3D Printers – Chinese Printer Builds 10 houses in 1 day

Friday 12.12.2014

HUD and MHARR leaders meet to discuss pending industry issue

Patrick bucks MH stock down trend, as oil’s spill slides broader markets lower

T.J.T., Inc. Results for Q4 and Fiscal Year 2014 reported

Is home owning now twice as affordable as renting? Quentin Fottrell says Yes

Delaware Manufactured Home Owners Association and First State Manufactured Housing Association team up for Christmas Charity

Sun Communities hit new 1 year high during Thursday’s trading


Thursday 12.11.2014

Golden U.S. Housing Opportunities for Chinese Investors

Most Manufactured Housing connected stocks rise, ditto 3 major U.S. markets

Mobile Home Park” Residents Legal Action Continues, drawing favorable rulings

Commissioners approves zoning amendment requiring Manufactured Home Communities be approved by BOA

Is Captive Financing a risky lending choice for Manufactured Housing Industry companies?


Wednesday 12.10.2014

Dennis Hill at Show Ways Unlimited, says Louisville Show Pre-Registrations are ahead of 2014

Consumers happier, but crude slide bad for oil companies…and impact on Manufactured Housing?

SUI sole bright spot; MH Composite down, major exchanges continue slide

Frank Rolfes, knowing how to find Limelight, touts ways to purchase and run ‘mobile home parks’

R rated for “Redneck” (and raunchy?) musical “Great American Trailer Park Christmas Musical” uses MH for humor


Tuesday 12.9.2014

Mixed signals on housing debated by experts as 2015 approaches

Carson City Attorney’s Mission to Stop MH leads to Mission work for LDS

Manufactured Housing Composite spikes, Oil Rebound and Jobs…well, mixed markets

Many Voices being heard a Key to advancing the MH Industry?

Arizona Housing and MHIndustry firms uses AZ State Fair to showcase Manufactured Housing


Monday 12.8.2014

PATH prefabricated homes are targeting luxury home buyers

SUN bucks MH stocks downtrend. Big Shale/Oil/DOW getting spooked by OPEC?

Mary Landrieu’s defeat, what does it mean to Manufactured Housing?

The Carlyle Group’s (CG) Lows and Highs, per Recent Stock Market Reports

What does MHARR’s Danny Ghorbani and MHI’s Leigh Abrams, Randy Rowe, Steve Adler and others have

in common?

Bill Matchneer, prior HUD MH Program and CFPB Insider, will speak at Louisville Show


Sunday 12.7.2014

Sunday Morning Weekly Recap – Factory Built – Housing News – for 11-30 to 12-6, 2014 ##

(Image credit: Shutterstock/MHProNews)