Skyline Co. (NYSEMKT:SKY) major shareholder Asset Associates L.L. Tontine bought 95,000 shares of Skyline stock in a transaction dated Friday, July 21st. The stock was acquired at an average cost of $5.83 per share, with a total value of $553,850.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Skyline Co. (SKY) traded down 2.72% during trading on Monday, hitting $5.72. The stock had a trading volume of 38,518 shares. The stock’s 50-day moving average price is $5.98 and its 200-day moving average price is $8.25. The company’s market capitalization is $48.00 million. Skyline Co. has a 1-year low of $5.07 and a 1-year high of $17.35.

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Separately, TheStreet lowered Skyline from a “c” rating to a “d” rating in a report on Friday, April 28th.

Hedge funds and other institutional investors have recently modified their holdings of the company. Oxford Asset Management purchased a new position in shares of Skyline during the first quarter valued at $194,000. Teton Advisors Inc. increased its position in shares of Skyline by 1.5% in the first quarter. Teton Advisors Inc. now owns 48,500 shares of the construction company’s stock valued at $457,000 after buying an additional 704 shares in the last quarter. Robotti Robert increased its position in shares of Skyline by 5.3% in the first quarter. Robotti Robert now owns 80,300 shares of the construction company’s stock valued at $756,000 after buying an additional 4,022 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Skyline by 5.4% in the first quarter. Dimensional Fund Advisors LP now owns 292,623 shares of the construction company’s stock valued at $2,757,000 after buying an additional 14,978 shares in the last quarter. Finally, Renaissance Technologies LLC increased its position in shares of Skyline by 51.6% in the fourth quarter. Renaissance Technologies LLC now owns 324,200 shares of the construction company’s stock valued at $5,002,000 after buying an additional 110,300 shares in the last quarter.

About Skyline

Skyline Corporation designs, produces and markets manufactured housing, modular housing and park models to independent dealers and manufactured housing communities located throughout the United States and Canada. As of May 31, 2016, the Company sold 3,217 manufactured homes, 360 modular homes and 337 park models.

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