Skyline Co. (SKY) Major Shareholder Jeffrey L. Et Al Gendell Purchases 41,420 Shares
Skyline Co. (NYSEMKT:SKY) major shareholder Jeffrey L. Et Al Gendell bought 41,420 shares of the company’s stock in a transaction that occurred on Thursday, October 19th. The shares were bought at an average cost of $11.24 per share, for a total transaction of $465,560.80. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.
Shares of Skyline Co. (NYSEMKT:SKY) traded up 0.52% during midday trading on Friday, reaching $11.66. 35,209 shares of the company’s stock traded hands. The stock has a 50 day moving average of $11.85 and a 200-day moving average of $8.20. The stock has a market cap of $97.84 million, a price-to-earnings ratio of 116.60 and a beta of 1.69. Skyline Co. has a 52-week low of $5.07 and a 52-week high of $17.35.
Separately, TheStreet raised shares of Skyline from a “d” rating to a “c” rating in a research report on Wednesday, August 23rd.
Institutional investors have recently made changes to their positions in the business. Alden Global Capital LLC bought a new position in Skyline during the 2nd quarter worth $120,000. Northern Trust Corp increased its position in Skyline by 3.7% during the 2nd quarter. Northern Trust Corp now owns 20,603 shares of the construction company’s stock worth $124,000 after buying an additional 732 shares during the period. Oxford Asset Management bought a new position in Skyline during the 1st quarter worth $194,000. New Jersey Better Educational Savings Trust bought a new position in Skyline during the 2nd quarter worth $229,000. Finally, Teton Advisors Inc. increased its position in Skyline by 3.1% during the 2nd quarter. Teton Advisors Inc. now owns 50,000 shares of the construction company’s stock worth $301,000 after buying an additional 1,500 shares during the period.
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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