Gendell Jeffrey L Buys 83,488 Shares of Skyline Co. (SKY)

Gendell Jeffrey L boosted its stake in shares of Skyline Co. (NYSEAMERICAN:SKY) by 7.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,216,527 shares of the construction company’s stock after buying an additional 83,488 shares during the period. Skyline makes up approximately 1.1% of Gendell Jeffrey L’s holdings, making the stock its 17th largest holding. Gendell Jeffrey L owned approximately 0.14% of Skyline worth $15,632,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the stock. Wells Fargo & Company MN raised its holdings in Skyline by 2.2% during the 4th quarter. Wells Fargo & Company MN now owns 585,865 shares of the construction company’s stock valued at $7,528,000 after buying an additional 12,669 shares during the period. Teton Advisors Inc. raised its holdings in Skyline by 9.2% during the 4th quarter. Teton Advisors Inc. now owns 98,500 shares of the construction company’s stock valued at $1,266,000 after buying an additional 8,328 shares during the period. Acadian Asset Management LLC purchased a new stake in Skyline during the 4th quarter valued at $175,000. Edge Wealth Management LLC increased its stake in Skyline by 253.1% in the fourth quarter. Edge Wealth Management LLC now owns 40,250 shares of the construction company’s stock worth $520,000 after purchasing an additional 28,850 shares during the period. Finally, Royce & Associates LP purchased a new stake in Skyline in the third quarter worth $1,440,000.

Separately, TheStreet upgraded Skyline from a “c” rating to a “b-” rating in a research note on Wednesday, January 17th.

Shares of Skyline Co. (SKY) opened at $21.41 on Monday. Skyline Co. has a 52 week low of $5.07 and a 52 week high of $24.99. The firm has a market capitalization of $179.66, a price-to-earnings ratio of 42.82 and a beta of 2.27.

Skyline (NYSEAMERICAN:SKY) last released its earnings results on Thursday, January 11th. The construction company reported $0.26 earnings per share for the quarter. Skyline had a return on equity of 41.72% and a net margin of 5.13%. The business had revenue of $57.77 million for the quarter.

In other news, major shareholder Jeffrey L. Et Al Gendell purchased 40,020 shares of the business’s stock in a transaction dated Friday, January 5th. The shares were purchased at an average price of $16.87 per share, for a total transaction of $675,137.40. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Jeffrey L. Et Al Gendell purchased 48,966 shares of the business’s stock in a transaction dated Monday, January 8th. The shares were purchased at an average price of $16.99 per share, for a total transaction of $831,932.34. The disclosure for this purchase can be found here.

WARNING: This story was originally posted by StockNewsTimes and is the property of of StockNewsTimes. If you are viewing this story on another domain, it was illegally stolen and republished in violation of United States and international trademark & copyright law. The correct version of this story can be viewed at https://stocknewstimes.com/2018/02/19/gendell-jeffrey-l-buys-83488-shares-of-skyline-co-sky.html.

Skyline 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.

Want to see what other hedge funds are holding SKY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Skyline Co. (NYSEAMERICAN:SKY).

Institutional Ownership by Quarter for Skyline (NYSEAMERICAN:SKY)

Receive News & Ratings for Skyline Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Skyline and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply