Bank of New York Mellon Corp boosted its stake in Skyline Co. (NYSEAMERICAN:SKY) by 117.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 142,628 shares of the construction company’s stock after purchasing an additional 76,886 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.25% of Skyline worth $2,096,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors also recently modified their holdings of the company. JPMorgan Chase & Co. boosted its position in shares of Skyline by 809.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 41,319 shares of the construction company’s stock valued at $1,180,000 after acquiring an additional 36,776 shares during the last quarter. Alliancebernstein L.P. bought a new stake in shares of Skyline during the 3rd quarter valued at about $520,000. BlackRock Inc. boosted its position in shares of Skyline by 200.8% during the 3rd quarter. BlackRock Inc. now owns 1,562,896 shares of the construction company’s stock valued at $44,651,000 after acquiring an additional 1,043,297 shares during the last quarter. FMR LLC boosted its position in shares of Skyline by 656.9% during the 3rd quarter. FMR LLC now owns 1,052,297 shares of the construction company’s stock valued at $30,064,000 after acquiring an additional 913,272 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Skyline by 50.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 401,325 shares of the construction company’s stock valued at $11,466,000 after acquiring an additional 134,617 shares during the last quarter.
Shares of SKY stock opened at $20.19 on Monday. Skyline Co. has a fifty-two week low of $12.72 and a fifty-two week high of $35.65.
In related news, SVP Roger K. Scholten sold 4,394 shares of Skyline stock in a transaction that occurred on Tuesday, February 26th. The stock was sold at an average price of $22.05, for a total transaction of $96,887.70. Following the sale, the senior vice president now directly owns 197,388 shares in the company, valued at $4,352,405.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Mak Capital One Llc sold 1,500,000 shares of Skyline stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $20.21, for a total value of $30,315,000.00. The disclosure for this sale can be found here.
A number of brokerages have recently issued reports on SKY. Zacks Investment Research downgraded Skyline from a “buy” rating to a “hold” rating in a research report on Tuesday, April 16th. Craig Hallum reissued a “buy” rating and set a $30.00 price objective (down from $37.00) on shares of Skyline in a report on Thursday, February 7th. Finally, SunTrust Banks raised Skyline from a “hold” rating to a “buy” rating and set a $22.00 price objective on the stock in a report on Thursday, January 31st. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Skyline presently has an average rating of “Buy” and an average price target of $27.57.
Skyline Company 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.
Featured Story: How prevalent are 12b-1 fees?
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).
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.