NJ State Employees Deferred Compensation Plan Takes Position in Skyline Co. (NYSEMKT:SKY)
NJ State Employees Deferred Compensation Plan purchased a new position in shares of Skyline Co. (NYSEMKT:SKY) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 50,000 shares of the construction company’s stock, valued at approximately $301,000.
Other hedge funds have also recently made changes to their positions in the company. Oxford Asset Management purchased a new stake in shares of Skyline during the first quarter worth approximately $194,000. Teton Advisors Inc. raised its position in Skyline by 1.5% in the first quarter. Teton Advisors Inc. now owns 48,500 shares of the construction company’s stock worth $457,000 after buying an additional 704 shares in the last quarter. Robotti Robert raised its position in Skyline by 5.3% in the first quarter. Robotti Robert now owns 80,300 shares of the construction company’s stock worth $756,000 after buying an additional 4,022 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Skyline by 5.4% in the first quarter. Dimensional Fund Advisors LP now owns 292,623 shares of the construction company’s stock worth $2,757,000 after buying an additional 14,978 shares in the last quarter. Finally, Gendell Jeffrey L raised its position in Skyline by 1.0% in the first quarter. Gendell Jeffrey L now owns 824,302 shares of the construction company’s stock worth $7,765,000 after buying an additional 8,052 shares in the last quarter.
Skyline Co. (SKY) opened at 7.24 on Thursday. The firm’s market capitalization is $60.75 million. Skyline Co. has a 1-year low of $5.07 and a 1-year high of $17.35. The company has a 50 day moving average price of $6.43 and a 200-day moving average price of $7.80.
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Separately, TheStreet lowered Skyline from a “c” rating to a “d” rating in a research note on Friday, April 28th.
In related news, major shareholder Asset Associates L.L. Tontine bought 95,000 shares of the company’s stock in a transaction that occurred on Friday, July 21st. The stock was bought at an average cost of $5.83 per share, for a total transaction of $553,850.00. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website.
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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