Skyline Co. (NYSEAMERICAN:SKY) major shareholder Jeffrey L. Et Al Gendell acquired 48,966 shares of the business’s stock in a transaction that occurred on Monday, January 8th. The shares were purchased at an average cost of $16.99 per share, for a total transaction of $831,932.34. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.
Skyline Co. (NYSEAMERICAN:SKY) opened at $21.38 on Thursday. The company has a market capitalization of $179.40, a PE ratio of 237.56 and a beta of 1.73. Skyline Co. has a twelve month low of $5.07 and a twelve month high of $24.73.
A number of institutional investors and hedge funds have recently made changes to their positions in SKY. Alden Global Capital LLC acquired a new position in Skyline during the 2nd quarter worth about $120,000. OxFORD Asset Management LLP acquired a new position in Skyline during the 3rd quarter worth about $120,000. Northern Trust Corp lifted its holdings 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. Edge Wealth Management LLC acquired a new position in Skyline during the 3rd quarter worth about $132,000. Finally, Quantum Capital Management acquired a new position in Skyline during the 3rd quarter worth about $523,000.
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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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