38,000 Shares in Skyline Co. (NYSEMKT:SKY) Acquired by New Jersey Better Educational Savings Trust
New Jersey Better Educational Savings Trust acquired a new stake in Skyline Co. (NYSEMKT:SKY) during the second quarter, Holdings Channel reports. The institutional investor acquired 38,000 shares of the construction company’s stock, valued at approximately $229,000.
Several other hedge funds have also recently made changes to their positions in the stock. Oxford Asset Management purchased a new stake in shares of Skyline during the first quarter valued at approximately $194,000. NJ State Employees Deferred Compensation Plan purchased a new stake in shares of Skyline during the second quarter valued at approximately $301,000. Teton Advisors Inc. increased its stake in shares of Skyline by 1.5% in the first quarter. Teton Advisors Inc. now owns 48,500 shares of the construction company’s stock valued at $457,000 after buying an additional 704 shares in the last quarter. Robotti Robert increased its stake in shares of Skyline by 5.3% in the first quarter. Robotti Robert now owns 80,300 shares of the construction company’s stock valued at $756,000 after buying an additional 4,022 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of Skyline by 5.4% in the first quarter. Dimensional Fund Advisors LP now owns 292,623 shares of the construction company’s stock valued at $2,757,000 after buying an additional 14,978 shares in the last quarter.
Shares of Skyline Co. (SKY) opened at 7.43 on Friday. The stock’s market cap is $62.35 million. Skyline Co. has a 12-month low of $5.07 and a 12-month high of $17.35. The company’s 50-day moving average is $6.50 and its 200-day moving average is $7.78.
Separately, TheStreet downgraded shares of Skyline from a “c” rating to a “d” rating in a report on Friday, April 28th.
In other Skyline news, major shareholder Asset Associates L.L. Tontine bought 95,000 shares of the firm’s stock in a transaction on Friday, July 21st. The stock was acquired at an average price of $5.83 per share, with a total value of $553,850.00. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
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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