Skyline Co. (NYSEAMERICAN:SKY) was the target of some unusual options trading activity on Tuesday. Traders purchased 2,001 call options on the stock. This represents an increase of 906% compared to the average daily volume of 199 call options.
In other news, VP Timothy A. Burkhardt sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $32.50, for a total value of $162,500.00. Following the transaction, the vice president now owns 31,612 shares in the company, valued at $1,027,390. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Keith A. Anderson sold 15,924 shares of the company’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $31.47, for a total value of $501,128.28. Following the transaction, the director now directly owns 754,694 shares of the company’s stock, valued at approximately $23,750,220.18. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 145,722 shares of company stock valued at $4,521,293.
Institutional investors and hedge funds have recently bought and sold shares of the business. 12th Street Asset Management Company LLC boosted its stake in Skyline by 227.1% during the 2nd quarter. 12th Street Asset Management Company LLC now owns 614,556 shares of the construction company’s stock worth $16,827,000 after purchasing an additional 426,665 shares during the last quarter. Rice Hall James & Associates LLC purchased a new stake in Skyline during the second quarter valued at about $9,216,000. California Public Employees Retirement System increased its stake in Skyline by 346.1% during the third quarter. California Public Employees Retirement System now owns 104,221 shares of the construction company’s stock worth $3,136,000 after acquiring an additional 80,856 shares during the last quarter. Sawtooth Solutions LLC purchased a new position in shares of Skyline in the 2nd quarter worth about $379,000. Finally, Russell Investments Group Ltd. purchased a new position in shares of Skyline in the 3rd quarter worth about $4,086,000.
Shares of NYSEAMERICAN:SKY opened at $32.80 on Wednesday. Skyline has a 1 year low of $12.72 and a 1 year high of $33.92.
Skyline Corporation designs, produces, and markets manufactured housing, modular housing, and park models to independent dealers and manufactured housing communities in the United States and Canada. The company's manufactured housing models include two to four bedrooms, kitchen, dining area, living room, one or two bathrooms, kitchen appliances, and central heating and cooling products, as well as exterior dormers and windows, interior or exterior accent columns, fireplaces, and whirlpool tubs.
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