Skyline (NYSEAMERICAN:SKY) was upgraded by stock analysts at TheStreet from a “c” rating to a “b-” rating in a research report issued to clients and investors on Wednesday.

Shares of Skyline (SKY) traded up $0.25 during midday trading on Wednesday, reaching $21.57. 56,685 shares of the company traded hands, compared to its average volume of 187,354. The firm has a market cap of $177.73, a P/E ratio of 43.14 and a beta of 1.73. Skyline has a 1-year low of $5.07 and a 1-year high of $24.73.

In other news, major shareholder Jeffrey L. Et Al Gendell acquired 40,020 shares of the company’s stock in a transaction on Friday, January 5th. The stock was purchased at an average cost of $16.87 per share, with a total value of $675,137.40. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, major shareholder Jeffrey L. Et Al Gendell acquired 9,648 shares of the company’s stock in a transaction on Friday, November 3rd. The shares were purchased at an average cost of $12.28 per share, with a total value of $118,477.44. The disclosure for this purchase can be found here. In the last quarter, insiders have purchased 98,634 shares of company stock worth $1,625,547.

Large investors have recently made changes to their positions in the business. Royce & Associates LP bought a new stake in shares of Skyline in the 3rd quarter valued at about $1,440,000. Royal Bank of Canada increased its stake in shares of Skyline by 90.0% in the 2nd quarter. Royal Bank of Canada now owns 122,412 shares of the construction company’s stock valued at $737,000 after acquiring an additional 57,989 shares during the last quarter. Quantum Capital Management bought a new stake in shares of Skyline in the 3rd quarter valued at about $523,000. Teton Advisors Inc. increased its stake in shares of Skyline by 80.3% in the 3rd quarter. Teton Advisors Inc. now owns 90,172 shares of the construction company’s stock valued at $1,090,000 after acquiring an additional 40,172 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of Skyline by 13.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 332,369 shares of the construction company’s stock valued at $2,001,000 after acquiring an additional 39,746 shares during the last quarter.

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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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