Sunnymeath Asset Management Lowers stake in Generac Holdings (GNRC)

Generac Holdings (GNRC) : Sunnymeath Asset Management reduced its stake in Generac Holdings by 1.38% during the most recent quarter end. The investment management company now holds a total of 35,800 shares of Generac Holdings which is valued at $1,355,746 after selling 500 shares in Generac Holdings , the firm said in a disclosure report filed with the SEC on Jul 19, 2016.Generac Holdings makes up approximately 1.91% of Sunnymeath Asset Management’s portfolio.

Other Hedge Funds, Including , Fox Run Management L.l.c. reduced its stake in GNRC by selling 5,800 shares or 41.73% in the most recent quarter. The Hedge Fund company now holds 8,100 shares of GNRC which is valued at $306,747. Generac Holdings makes up approx 0.14% of Fox Run Management L.l.c.’s portfolio.Cutler Group Lp reduced its stake in GNRC by selling 3,716 shares or 79.15% in the most recent quarter. The Hedge Fund company now holds 979 shares of GNRC which is valued at $35,998.

Generac Holdings opened for trading at $37.16 and hit $37.9 on the upside on Wednesday, eventually ending the session at $37.87, with a gain of 1.97% or 0.73 points. The heightened volatility saw the trading volume jump to 2,10,376 shares. Company has a market cap of $2,520 M.

On the company’s financial health, Generac Holdings reported $0.46 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on May 4, 2016. Analyst had a consensus of $0.42. The company had revenue of $286.50 million for the quarter, compared to analysts expectations of $280.48 million. The company’s revenue was down -8.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.49 EPS.

Generac Holdings Inc. is a designer and manufacturer of a range of power generation equipment and other engine powered products. The Company serves the residential light commercial industrial oil and gas and construction markets. Its other engine powered products that it designs and manufactures include light towers which provide temporary lighting for various end markets; commercial and industrial mobile heaters used in the oil and gas construction and other industrial markets and a product line of power washers for residential and commercial use. It designs manufactures sources and modifies engines alternators transfer switches and other components necessary for its products. It also sells direct to certain national and regional account customers including telecommunication retail banking convenience stores grocery stores and other light commercial applications. Its products include residential products commercial and industrial (C&I) products and other products.

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