Sun Hydraulics Corporation (SNHY) : Quantum Capital Management Nj reduced its stake in Sun Hydraulics Corporation by 17.28% during the most recent quarter end. The investment management company now holds a total of 395,223 shares of Sun Hydraulics Corporation which is valued at $11,647,222 after selling 82,546 shares in Sun Hydraulics Corporation , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.Sun Hydraulics Corporation makes up approximately 3.86% of Quantum Capital Management Nj’s portfolio.
Other Hedge Funds, Including , Dynamic Technology Lab Private Ltd sold out all of its stake in SNHY during the most recent quarter. The investment firm sold 7,050 shares of SNHY which is valued $207,764.Blackrock Fund Advisors boosted its stake in SNHY in the latest quarter, The investment management firm added 13,523 additional shares and now holds a total of 549,194 shares of Sun Hydraulics Corporation which is valued at $16,184,747.
Sun Hydraulics Corporation opened for trading at $30.11 and hit $31.39 on the upside on Tuesday, eventually ending the session at $31.37, with a gain of 4.01% or 1.21 points. The heightened volatility saw the trading volume jump to 89,005 shares. Company has a market cap of $845 M.
On the company’s financial health, Sun Hydraulics Corporation reported $0.31 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on May 9, 2016. Analyst had a consensus of $0.32. The company had revenue of $51.00 million for the quarter, compared to analysts expectations of $50.04 million. The company’s revenue was down -6.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.39 EPS.
Sun Hydraulics Corporation (Sun) manufactures hydraulics components and systems used to transmit power and control force speed and motion. The Company at components level designs and manufactures screw-in hydraulic cartridge valves manifolds and integrated fluid power packages and subsystems. The Company sells its products through a combination of wholly owned companies representative sales offices and independent and authorized distributors. The Company has operations in the United States England Germany France South Korea China and India. The Screw-in Hydraulic Valves products offers self-aligning cartridge valves. The Standard Manifolds products offer metallic manifolds. The Integrated Packages product provides customer specific cartridge valves. The Electronic Controllers products design and manufacture electronic controllers.