Schwab Charles Investment Management Inc. acquired a new stake in shares of Skyline Co. (NYSEAMERICAN:SKY) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 14,802 shares of the construction company’s stock, valued at approximately $519,000. Schwab Charles Investment Management Inc. owned approximately 0.18% of Skyline as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Northern Trust Corp lifted its stake in Skyline by 24.3% in the first quarter. Northern Trust Corp now owns 25,867 shares of the construction company’s stock valued at $570,000 after acquiring an additional 5,056 shares during the last quarter. Rhumbline Advisers acquired a new stake in Skyline in the second quarter valued at approximately $289,000. Barclays PLC acquired a new stake in Skyline in the first quarter valued at approximately $187,000. California Public Employees Retirement System acquired a new stake in Skyline in the first quarter valued at approximately $218,000. Finally, SG Capital Management LLC lifted its stake in Skyline by 31.5% in the second quarter. SG Capital Management LLC now owns 47,157 shares of the construction company’s stock valued at $1,652,000 after acquiring an additional 11,287 shares during the last quarter.

Shares of Skyline stock opened at $24.23 on Friday. Skyline Co. has a 1-year low of $11.30 and a 1-year high of $35.65.

In other news, insider Bain Capital Credit Member, Ll sold 3,777,089 shares of the business’s stock in a transaction on Tuesday, September 25th. The shares were sold at an average price of $27.93, for a total value of $105,494,095.77. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Roger K. Scholten sold 1,662 shares of the business’s stock in a transaction on Friday, August 10th. The stock was sold at an average price of $22.00, for a total transaction of $36,564.00. The disclosure for this sale can be found here. Insiders sold 13,925,566 shares of company stock valued at $344,466,288 over the last 90 days.

A number of research firms have issued reports on SKY. Barclays began coverage on shares of Skyline in a research note on Tuesday, October 2nd. They issued an “overweight” rating and a $35.00 target price for the company. Royal Bank of Canada began coverage on shares of Skyline in a research note on Tuesday, August 28th. They issued an “outperform” rating and a $33.00 target price for the company. Jefferies Financial Group began coverage on shares of Skyline in a research note on Friday, September 7th. They issued a “buy” rating and a $36.00 target price for the company. Finally, SunTrust Banks began coverage on shares of Skyline in a research note on Tuesday, September 4th. They issued a “hold” rating and a $30.00 target price for the company. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Skyline has an average rating of “Buy” and a consensus price target of $34.20.

Skyline 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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Institutional Ownership by Quarter for Skyline (NYSEAMERICAN:SKY)

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