Skyline Co. (NYSEAMERICAN:SKY) major shareholder Jeffrey L. Et Al Gendell purchased 48,966 shares of the company’s stock in a transaction dated Monday, January 8th. The stock was purchased at an average price of $16.99 per share, with a total value of $831,932.34. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.
Skyline Co. (SKY) opened at $20.69 on Wednesday. The stock has a market capitalization of $177.73, a price-to-earnings ratio of 41.38 and a beta of 1.73. Skyline Co. has a 12-month low of $5.07 and a 12-month high of $24.73.
A number of large investors have recently made changes to their positions in SKY. OxFORD Asset Management LLP acquired a new stake in Skyline during the 3rd quarter worth about $120,000. Edge Wealth Management LLC acquired a new stake in Skyline during the 3rd quarter worth about $132,000. Alden Global Capital LLC acquired a new stake in Skyline during the 2nd quarter worth about $120,000. Northern Trust Corp grew 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 acquiring an additional 732 shares during the period. Finally, Quantum Capital Management acquired a new stake in Skyline during the 3rd quarter worth about $523,000.
Skyline Company Profile
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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