Capital Growth Management LP Has Decreased Sun Cmntys (SUI) Holding by $26.45 Million; As Red Hat (RHT) Valuation Rose, Capital Investment Services Of America Has Boosted Position by $3.40 Million

May 16, 2018 - By Kurt Siggers

Sun Communities, Inc. (NYSE:SUI) Logo

Capital Investment Services Of America Inc increased its stake in Red Hat Inc. (RHT) by 119.03% based on its latest 2017Q4 regulatory filing with the SEC. Capital Investment Services Of America Inc bought 28,340 shares as the company’s stock rose 25.63% while stock markets declined. The institutional investor held 52,150 shares of the technology company at the end of 2017Q4, valued at $6.26M, up from 23,810 at the end of the previous reported quarter. Capital Investment Services Of America Inc who had been investing in Red Hat Inc. for a number of months, seems to be bullish on the $28.80B market cap company. The stock decreased 0.88% or $1.445 during the last trading session, reaching $162.115. About 757,228 shares traded. Red Hat, Inc. (NYSE:RHT) has risen 87.86% since May 16, 2017 and is uptrending. It has outperformed by 76.31% the S&P500.

Ken Heebner decreased its stake in Sun Cmntys Inc (SUI) by 55.83% based on its latest 2017Q4 regulatory filing with the SEC. Capital Growth Management Lp sold 287,500 shares as the company’s stock declined 1.59% with the market. The hedge fund run by Ken Heebner held 227,500 shares of the consumer services company at the end of 2017Q4, valued at $21.11M, down from 515,000 at the end of the previous reported quarter. Capital Growth Management Lp who had been investing in Sun Cmntys Inc for a number of months, seems to be less bullish one the $7.64B market cap company. The stock decreased 0.28% or $0.26 during the last trading session, reaching $92.21. About 69,549 shares traded. Sun Communities, Inc. (NYSE:SUI) has risen 13.44% since May 16, 2017 and is uptrending. It has outperformed by 1.89% the S&P500.

Investors sentiment decreased to 1.27 in Q4 2017. Its down 0.23, from 1.5 in 2017Q3. It worsened, as 24 investors sold SUI shares while 74 reduced holdings. 32 funds opened positions while 92 raised stakes. 74.09 million shares or 0.89% more from 73.44 million shares in 2017Q3 were reported. Tiverton Asset Mngmt Ltd Liability Co stated it has 15,610 shares or 0.09% of all its holdings. Tiaa Cref Invest Ltd reported 0.03% stake. Daiwa Securities Group Incorporated invested in 2.42% or 3.69 million shares. Legal And General Group Inc Pcl holds 0.02% of its portfolio in Sun Communities, Inc. (NYSE:SUI) for 242,523 shares. Ledyard State Bank has invested 0% in Sun Communities, Inc. (NYSE:SUI). Moreover, Wetherby Asset Management Incorporated has 0.03% invested in Sun Communities, Inc. (NYSE:SUI). Nelson Roberts Inv Advsrs Ltd Limited Liability Company invested in 0% or 52 shares. Aqr Capital Mgmt Ltd Liability Co accumulated 26,429 shares. First Personal Serv has invested 0% in Sun Communities, Inc. (NYSE:SUI). National Asset Management accumulated 2,375 shares. Phocas Financial has 7,181 shares. Blackrock reported 0.02% stake. Quantitative Systematic Strategies Limited Co owns 7,255 shares for 0.17% of their portfolio. Martingale Asset Management Limited Partnership holds 0.23% of its portfolio in Sun Communities, Inc. (NYSE:SUI) for 190,716 shares. Asset Mngmt One holds 0.04% of its portfolio in Sun Communities, Inc. (NYSE:SUI) for 193,358 shares.

Since February 23, 2018, it had 0 insider buys, and 1 insider sale for $193,248 activity.

Analysts await Sun Communities, Inc. (NYSE:SUI) to report earnings on July, 25. They expect $1.05 earnings per share, up 9.38% or $0.09 from last year’s $0.96 per share. SUI’s profit will be $86.96 million for 21.95 P/E if the $1.05 EPS becomes a reality. After $1.14 actual earnings per share reported by Sun Communities, Inc. for the previous quarter, Wall Street now forecasts -7.89% negative EPS growth.

Capital Growth Management Lp, which manages about $2.41 billion US Long portfolio, upped its stake in Turquoise Hill Res Ltd (NYSE:TRQ) by 3.64M shares to 41.87M shares, valued at $143.60M in 2017Q4, according to the filing. It also increased its holding in Gol Linhas Aereas Intlg S.A. by 470,000 shares in the quarter, for a total of 670,000 shares, and has risen its stake in Banco Bradesco S A (NYSE:BBD).

Among 5 analysts covering Sun Communities (NYSE:SUI), 4 have Buy rating, 0 Sell and 1 Hold. Therefore 80% are positive. Sun Communities had 18 analyst reports since August 12, 2015 according to SRatingsIntel. The company was upgraded on Monday, September 12 by Citigroup. Citigroup downgraded the stock to “Neutral” rating in Monday, February 27 report. As per Wednesday, March 30, the company rating was upgraded by Robert W. Baird. The stock has “Sell” rating by Zacks on Wednesday, August 12. Robert W. Baird downgraded the stock to “Neutral” rating in Friday, January 5 report. Robert W. Baird maintained the shares of SUI in report on Monday, October 16 with “Buy” rating. The stock has “Buy” rating by BMO Capital Markets on Wednesday, February 21. The firm has “Buy” rating given on Monday, December 11 by Robert W. Baird. The stock of Sun Communities, Inc. (NYSE:SUI) has “Buy” rating given on Friday, July 14 by RBC Capital Markets. On Monday, December 4 the stock rating was upgraded by Evercore to “Outperform”.

Another recent and important Sun Communities, Inc. (NYSE:SUI) news was published by Seekingalpha.com which published an article titled: “Sun Communities’ (SUI) CEO Gary Shiffman on Q1 2018 Results – Earnings Call Transcript” on April 24, 2018.

Among 40 analysts covering Red Hat (NYSE:RHT), 29 have Buy rating, 1 Sell and 10 Hold. Therefore 73% are positive. Red Hat had 135 analyst reports since August 25, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Sunday, October 22 by RBC Capital Markets. The stock has “Neutral” rating by Credit Suisse on Tuesday, September 26. The firm has “Buy” rating by KeyBanc Capital Markets given on Monday, December 4. Stifel Nicolaus maintained it with “Buy” rating and $97 target in Friday, December 18 report. The stock of Red Hat, Inc. (NYSE:RHT) earned “Buy” rating by Evercore on Monday, December 18. The company was maintained on Thursday, October 26 by Jefferies. The firm has “Buy” rating by Moffett Nathanson given on Wednesday, September 6. Mizuho maintained Red Hat, Inc. (NYSE:RHT) rating on Wednesday, December 13. Mizuho has “Buy” rating and $140.0 target. RBC Capital Markets maintained Red Hat, Inc. (NYSE:RHT) on Wednesday, December 13 with “Buy” rating. The firm has “Market Perform” rating by BMO Capital Markets given on Tuesday, September 26.

Investors sentiment decreased to 1.12 in Q4 2017. Its down 0.11, from 1.23 in 2017Q3. It fall, as 45 investors sold RHT shares while 179 reduced holdings. 92 funds opened positions while 159 raised stakes. 159.29 million shares or 1.06% more from 157.62 million shares in 2017Q3 were reported. Arrowstreet Cap Ltd Partnership has 0.62% invested in Red Hat, Inc. (NYSE:RHT). Pier Cap Ltd Liability Company accumulated 1,382 shares. Federated Investors Pa accumulated 887,714 shares or 0.3% of the stock. The Ontario – Canada-based Commercial Bank Of Nova Scotia has invested 0.04% in Red Hat, Inc. (NYSE:RHT). Susquehanna Grp Inc Limited Liability Partnership owns 121,053 shares or 0.01% of their US portfolio. 5,286 are held by Comerica Securities. Missouri-based Argent Management Ltd Liability Co has invested 3.04% in Red Hat, Inc. (NYSE:RHT). Rockefeller Ser reported 72 shares or 0% of all its holdings. Veritable Lp accumulated 0.02% or 9,045 shares. Bright Rock Cap Mgmt Limited Liability Company has 0.75% invested in Red Hat, Inc. (NYSE:RHT) for 23,000 shares. Amp has invested 0.05% of its portfolio in Red Hat, Inc. (NYSE:RHT). Westpac Bk Corp accumulated 0.03% or 12,431 shares. Old Mutual Customised Solutions (Proprietary) Limited accumulated 0.03% or 2,221 shares. State Common Retirement Fund owns 425,925 shares. Raymond James Na, a Florida-based fund reported 3,540 shares.

Capital Investment Services Of America Inc, which manages about $630.15M US Long portfolio, decreased its stake in Ansys Inc (NASDAQ:ANSS) by 4,305 shares to 112,548 shares, valued at $16.61 million in 2017Q4, according to the filing. It also reduced its holding in Paypal Holdings Inc by 8,000 shares in the quarter, leaving it with 207,616 shares, and cut its stake in Ptc Inc (NASDAQ:PTC).

Another recent and important Red Hat, Inc. (NYSE:RHT) news was published by Benzinga.com which published an article titled: “Nonprofit Fintech Organization Symphony Software Foundation Rebrands As FINOS” on April 24, 2018.

Red Hat, Inc. (NYSE:RHT) Institutional Positions Chart

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