Skyline Co. (SKY) Stake Increased by Barclays PLC

Barclays PLC increased its holdings in shares of Skyline Co. (NYSEAMERICAN:SKY) by 7.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 23,292 shares of the construction company’s stock after purchasing an additional 1,659 shares during the quarter. Barclays PLC’s holdings in Skyline were worth $342,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of SKY. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of Skyline during the 4th quarter worth about $28,000. Great West Life Assurance Co. Can acquired a new position in Skyline during the fourth quarter worth approximately $36,000. Legal & General Group Plc increased its position in Skyline by 317.7% during the third quarter. Legal & General Group Plc now owns 4,307 shares of the construction company’s stock worth $123,000 after buying an additional 3,276 shares during the period. Strs Ohio increased its position in Skyline by 52.9% during the fourth quarter. Strs Ohio now owns 7,800 shares of the construction company’s stock worth $114,000 after buying an additional 2,700 shares during the period. Finally, Lido Advisors LLC acquired a new position in Skyline during the third quarter worth approximately $255,000.

SKY has been the topic of a number of recent research reports. Zacks Investment Research lowered Skyline from a “hold” rating to a “sell” rating in a report on Tuesday, January 1st. SunTrust Banks raised Skyline from a “hold” rating to a “buy” rating and set a $22.00 target price on the stock in a report on Thursday, January 31st. Finally, Craig Hallum reissued a “buy” rating and issued a $30.00 target price (down previously from $37.00) on shares of Skyline in a report on Thursday, February 7th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $27.57.

In related news, SVP Roger K. Scholten sold 4,394 shares of the company’s stock in a transaction on Tuesday, February 26th. The stock was sold at an average price of $22.05, for a total value of $96,887.70. Following the completion of the transaction, 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Mak Capital One Llc sold 1,500,000 shares of the company’s stock in a transaction 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.

Shares of Skyline stock traded down $0.25 during trading on Friday, reaching $19.75. The company’s stock had a trading volume of 442,200 shares, compared to its average volume of 681,590. Skyline Co. has a 12-month low of $12.72 and a 12-month high of $35.65.

Skyline (NYSEAMERICAN:SKY) last posted its earnings results on Tuesday, February 5th. The construction company reported $0.27 EPS for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.05. The firm had revenue of $354.67 million for the quarter, compared to analysts’ expectations of $346.65 million.

COPYRIGHT VIOLATION WARNING: This story was first reported by Baseball Daily News and is the property of of Baseball Daily News. If you are accessing this story on another website, it was illegally stolen and republished in violation of United States and international copyright & trademark laws. The original version of this story can be viewed at https://www.baseballdailydigest.com/news/2019/04/26/barclays-plc-buys-1659-shares-of-skyline-co-sky.html.

About Skyline

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.

See Also: How Does the Quiet Period Work?

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.