Elkhart, Indiana-based CEO of Patrick Industries, Inc. (NASDAQ:PATK) Todd M. Cleveland sold 15,000 shares of company stock at an average price of $48.35 per share for a transactional value of $725,400. According to financialmarketnews, he continues to hold 424,898 shares with a value of 20,548,067.28.
Meanwhile, less than 100 miles west, everythinghudson tells MHProNews the Independent Order of Foresters added 300 shares of Equity LifeStyle Properties, Inc.(NYSE:ELS) to its portfolio and now owns 49,256 shares of ELS valued at $3.5 million.
Other hedge funds that boosted their stake in ELS during Q4 2015 include Legal General Group Plc that added 5,053 shares and now holds 135,055 shares with a value of $9.7 million.
Panagora Asset Management Inc. purchased 8,109 additional shares of ELS and its 787,518 shares are worth $56.7 million.
Investment management firm Ajo lp increased its stake in ELS by 9,042 shares and now holds a total of 472,534 shares valued at $34.1 million.
Back in Elkhart, Public Sector Pension Investment Board sold 9,900 shares of Drew Industries, Inc. (NYSE:DW) stock and now owns 16,629 shares valued at $1,013,000.
Other large investors who have modified their positions include Aberdeen Asset Management PLC UK which raised its stake in Drew by 18,300 shares to 114,270 shares of DW worth $6,835,000.
Boston Partners added 38,102 shares of Drew to its portfolio as of the last quarter, and now holds 805,346 shares valued at $49,038,000.
Finally, Principal Financial Group Inc. bought 7,159 shares during the Q4 2015 and now has a stake valued at $9,707,000 in Drew representing a total of 159,416 shares, according to thevistavoice. ##
(Photo credit: neurolog-kielce–electronic stock exchange board)
Article submitted by Matthew J. Silver to Daily Business News-MHProNews.