Skyline Co. (NYSEAMERICAN:SKY) Shares Sold by GW&K Investment Management LLC

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GW&K Investment Management LLC reduced its stake in Skyline Co. (NYSEAMERICAN:SKY) by 2.4% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,227,936 shares of the construction company’s stock after selling 30,366 shares during the period. GW&K Investment Management LLC owned 2.16% of Skyline worth $36,949,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Nuveen Asset Management LLC acquired a new position in shares of Skyline during the second quarter worth approximately $26,062,000. Peregrine Capital Management LLC purchased a new position in shares of Skyline during the 2nd quarter valued at $24,364,000. BlackRock Inc. grew its holdings in shares of Skyline by 25.4% during the 2nd quarter. BlackRock Inc. now owns 3,940,394 shares of the construction company’s stock valued at $107,889,000 after acquiring an additional 797,675 shares in the last quarter. Wasatch Advisors Inc. grew its holdings in shares of Skyline by 147.7% during the 2nd quarter. Wasatch Advisors Inc. now owns 1,154,702 shares of the construction company’s stock valued at $31,616,000 after acquiring an additional 688,517 shares in the last quarter. Finally, 12th Street Asset Management Company LLC grew its holdings in shares of 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 valued at $16,827,000 after acquiring an additional 426,665 shares in the last quarter.

Shares of SKY traded up $0.71 during trading hours on Friday, reaching $30.16. 186,265 shares of the company traded hands, compared to its average volume of 564,704. Skyline Co. has a 1-year low of $12.72 and a 1-year high of $32.44.

SKY has been the subject of a number of recent research reports. Royal Bank of Canada set a $34.00 price objective on shares of Skyline and gave the stock a “buy” rating in a report on Friday, November 1st. Barclays reiterated a “buy” rating and issued a $34.00 price objective on shares of Skyline in a report on Sunday, August 4th. Finally, Zacks Investment Research cut shares of Skyline from a “hold” rating to a “sell” rating in a report on Thursday. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $30.00.

In related news, EVP Joseph A. Kimmell sold 10,000 shares of the stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $30.02, for a total value of $300,200.00. Following the completion of the transaction, the executive vice president now owns 33,234 shares of the company’s stock, valued at $997,684.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Mark J. Yost sold 16,500 shares of the stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $28.43, for a total transaction of $469,095.00. Following the completion of the transaction, the chief executive officer now directly owns 369,814 shares of the company’s stock, valued at approximately $10,513,812.02. The disclosure for this sale can be found here. Insiders sold 154,222 shares of company stock valued at $4,665,293 in the last three months.

Skyline Profile

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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Institutional Ownership by Quarter for Skyline (NYSEAMERICAN:SKY)

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