Skyline Co. (SKY) Shares Bought by Wells Fargo & Company MN

Wells Fargo & Company MN raised its stake in Skyline Co. (NYSEAMERICAN:SKY) by 2.2% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 585,865 shares of the construction company’s stock after purchasing an additional 12,669 shares during the period. Wells Fargo & Company MN owned 0.07% of Skyline worth $7,528,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Northern Trust Corp boosted its holdings in shares of Skyline by 3.7% in the 2nd quarter. Northern Trust Corp now owns 20,603 shares of the construction company’s stock valued at $124,000 after buying an additional 732 shares during the period. Teton Advisors Inc. boosted its holdings in shares of Skyline by 9.2% in 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. OxFORD Asset Management LLP acquired a new position in shares of Skyline in the 3rd quarter valued at about $120,000. Acadian Asset Management LLC acquired a new position in shares of Skyline in the 4th quarter valued at about $175,000. Finally, Edge Wealth Management LLC boosted its holdings in shares of Skyline by 253.1% in the 4th quarter. Edge Wealth Management LLC now owns 40,250 shares of the construction company’s stock valued at $520,000 after buying an additional 28,850 shares during the period.

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

In other news, major shareholder Jeffrey L. Et Al Gendell bought 48,966 shares of Skyline stock in a transaction on Monday, January 8th. The stock was purchased at an average cost of $16.99 per share, with a total value of $831,932.34. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Jeffrey L. Et Al Gendell bought 40,020 shares of Skyline stock in a transaction on Friday, January 5th. The shares were purchased at an average cost of $16.87 per share, with a total value of $675,137.40. The disclosure for this purchase can be found here.

Skyline stock opened at $23.00 on Friday. The stock has a market cap of $200.13, a PE ratio of 46.00 and a beta of 2.24. Skyline Co. has a one year low of $5.07 and a one year high of $24.99.

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

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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.

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Institutional Ownership by Quarter for Skyline (NYSEAMERICAN:SKY)

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