Skyline Co. (NYSEAMERICAN:SKY) insider Centerbridge Capital Partners sold 262,500 shares of the firm’s stock in a transaction that occurred on Wednesday, December 5th. The stock was sold at an average price of $21.80, for a total value of $5,722,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shares of SKY traded down $0.68 during mid-day trading on Friday, reaching $17.62. The company had a trading volume of 1,359,103 shares, compared to its average volume of 322,622. Skyline Co. has a twelve month low of $12.02 and a twelve month high of $35.65.
Skyline (NYSEAMERICAN:SKY) last issued its earnings results on Monday, November 5th. The construction company reported $0.23 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.23. The company had revenue of $355.44 million during the quarter, compared to analyst estimates of $368.20 million.
A number of analysts have commented on SKY shares. Royal Bank of Canada started coverage on Skyline in a research report on Tuesday, August 28th. They issued an “outperform” rating and a $33.00 price objective for the company. Zacks Investment Research downgraded Skyline from a “hold” rating to a “sell” rating in a research report on Thursday, November 29th. Barclays started coverage on Skyline in a research report on Tuesday, October 2nd. They issued an “overweight” rating and a $35.00 price objective for the company. Jefferies Financial Group started coverage on Skyline in a research report on Friday, September 7th. They issued a “buy” rating and a $36.00 price objective for the company. Finally, SunTrust Banks started coverage on Skyline in a research report on Tuesday, September 4th. They issued a “hold” rating and a $30.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the stock. Skyline currently has an average rating of “Hold” and an average price target of $32.83.
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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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