Skyline Co. (NYSEAMERICAN:SKY) CEO Mark J. Yost sold 16,500 shares of Skyline stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $32.60, for a total transaction of $537,900.00. Following the sale, the chief executive officer now owns 353,314 shares in the company, valued at approximately $11,518,036.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of SKY stock traded up $0.24 during mid-day trading on Tuesday, hitting $32.27. 6,636 shares of the stock traded hands, compared to its average volume of 548,622. Skyline Co. has a twelve month low of $12.72 and a twelve month high of $33.92.
A number of hedge funds and other institutional investors have recently bought and sold shares of SKY. Advisor Group Inc. lifted its position in Skyline by 99.1% in the 2nd quarter. Advisor Group Inc. now owns 1,734 shares of the construction company’s stock worth $48,000 after buying an additional 863 shares in the last quarter. Royal Bank of Canada lifted its position in shares of Skyline by 160.0% in the second quarter. Royal Bank of Canada now owns 2,093 shares of the construction company’s stock worth $57,000 after buying an additional 1,288 shares during the last quarter. Tower Research Capital LLC TRC bought a new stake in Skyline during the third quarter worth approximately $66,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Skyline by 81.7% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,412 shares of the construction company’s stock worth $93,000 after buying an additional 1,534 shares during the period. Finally, Quantamental Technologies LLC bought a new stake in Skyline during the second quarter valued at about $99,000.
Several research analysts have recently weighed in on SKY shares. Zacks Investment Research downgraded shares of Skyline from a “hold” rating to a “sell” rating in a research note on Thursday, November 7th. 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. One equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. Skyline has an average rating of “Buy” and a consensus price target of $31.00.
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.
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