Skyline Co. (NYSEAMERICAN:SKY) major shareholder Jeffrey L. Et Al Gendell purchased 40,020 shares of Skyline 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 transaction was disclosed in a filing with the SEC, which is available through this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.
Shares of Skyline Co. (SKY) opened at $22.56 on Wednesday. The stock has a market cap of $189.31, a PE ratio of 250.67 and a beta of 1.73. Skyline Co. has a 1 year low of $5.07 and a 1 year high of $24.73.
Several institutional investors and hedge funds have recently modified their holdings of the company. OxFORD Asset Management LLP acquired a new stake in Skyline in the third quarter valued at approximately $120,000. Edge Wealth Management LLC acquired a new stake in Skyline in the third quarter valued at approximately $132,000. Alden Global Capital LLC acquired a new stake in Skyline in the second quarter valued at approximately $120,000. Northern Trust Corp raised its holdings 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 acquiring an additional 732 shares in the last quarter. Finally, Quantum Capital Management acquired a new stake in Skyline in the third quarter valued at approximately $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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