Hedge fund Daiwa Securities Group added 447,536 shares of Sun to its portfolio and currently has a stake valued at $218.4 million, representing 3,083,268 shares.
Proshare advisors lessened its stake in Sun by 5,309 shares, and now holds 22,947 shares valued at $1.6 million.
Sun Communities, Inc. of South field, Michigan operates 183 manufactured home communities (MHCs) with 92,500 home sites.
Meanwhile, across the border in Indiana, Gendell Jeffrey L reduced its stake in Patrick Industries, Inc. (PATK) after selling 86,156 shares, and now holds 1,299,437 shares valued at $63.2 million. Patrick Industries comprises approximately 13.03% of Gendell Jeffrey L’s portfolio. As MHProNews has reported multiple times, Gendell has been reducing its stake in Patrick since Nov. 2014.
Other hedge funds have also changed their positions in Patrick. Trexquant Investment Lp added Patrick to its portfolio by acquiring 10,782 company shares during the most recent quarter, valued at $524,221.
Blackrock Group raised its stake in Patrick, adding 3,015 shares to its portfolio and now owns a total of 4,059 shares valued at $197,349.
Meanwhile, Blackrock Fund Advisors lowered its stake in Patrick by 14,364 shares, now holds 330,060 Patrick shares with a value of $16 million.
Opus Capital Group lowered its stake in Patrick by 65,334 shares, and now holds 64,843 shares with a value of $3 million.
Patrick Industries is a major component supplier to the manufactured housing and recreational vehicle industries from its headquarters in Elkhart, Indiana. ##
(Photo credit: neurolog/kielce–electronic stock exchange board)
