Skyline Co. (NYSEMKT:SKY) was upgraded by TheStreet from a “d” rating to a “c” rating in a report released on Wednesday.

Skyline (NYSEMKT SKY) traded down 0.99% during mid-day trading on Wednesday, hitting $10.05. 17,339 shares of the stock traded hands. The stock has a 50-day moving average of $7.65 and a 200 day moving average of $7.74. The firm has a market cap of $84.33 million, a price-to-earnings ratio of 10050.00 and a beta of 1.69. Skyline has a 1-year low of $5.07 and a 1-year high of $17.35.

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In other news, major shareholder Asset Associates L.L. Tontine purchased 95,000 shares of the firm’s stock in a transaction that occurred on Friday, July 21st. The shares were acquired at an average price of $5.83 per share, for a total transaction of $553,850.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Institutional investors have recently bought and sold shares of the stock. Royal Bank of Canada boosted its position in Skyline by 90.0% in the second quarter. Royal Bank of Canada now owns 122,412 shares of the construction company’s stock valued at $737,000 after buying an additional 57,989 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Skyline by 13.6% in the second quarter. Dimensional Fund Advisors LP now owns 332,369 shares of the construction company’s stock valued at $2,001,000 after buying an additional 39,746 shares in the last quarter. Alden Global Capital LLC purchased a new position in Skyline during the second quarter valued at about $120,000. Northern Trust Corp boosted its position in Skyline by 3.7% in the second quarter. Northern Trust Corp now owns 20,603 shares of the construction company’s stock valued at $124,000 after buying an additional 732 shares in the last quarter. Finally, Gamco Investors INC. ET AL boosted its position in Skyline by 1.6% in the second quarter. Gamco Investors INC. ET AL now owns 333,000 shares of the construction company’s stock valued at $2,005,000 after buying an additional 5,400 shares in the last quarter.

Skyline Company Profile

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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