Skyline Co. (SKY) Major Shareholder Acquires $675,137.40 in Stock
Skyline Co. (NYSEAMERICAN:SKY) major shareholder Jeffrey L. Et Al Gendell bought 40,020 shares of the business’s stock in a transaction dated Friday, January 5th. The shares were acquired at an average cost of $16.87 per share, for a total transaction of $675,137.40. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.
Shares of Skyline Co. (SKY) traded up $0.56 during midday trading on Tuesday, hitting $22.56. The stock had a trading volume of 447,093 shares, compared to its average volume of 341,400. Skyline Co. has a 1-year low of $5.07 and a 1-year high of $24.73. The firm has a market cap of $182.09, a price-to-earnings ratio of 250.67 and a beta of 1.73.
Hedge funds and other institutional investors have recently modified their holdings of the company. OxFORD Asset Management LLP acquired a new stake in shares of Skyline during the 3rd quarter worth about $120,000. Edge Wealth Management LLC acquired a new stake in shares of Skyline during the 3rd quarter worth about $132,000. Alden Global Capital LLC acquired a new stake in shares of Skyline during the 2nd quarter worth about $120,000. Northern Trust Corp raised its position in shares of 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 acquiring an additional 732 shares in the last quarter. Finally, Quantum Capital Management acquired a new stake in shares of Skyline during the 3rd quarter worth about $523,000.
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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