Skyline Co. (NYSEAMERICAN:SKY) Insider Sells $267,488.20 in Stock

Skyline Co. (NYSEAMERICAN:SKY) insider Mark J. Yost sold 11,239 shares of the stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $23.80, for a total transaction of $267,488.20. Following the sale, the insider now owns 498,773 shares in the company, valued at $11,870,797.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Shares of SKY stock traded up $0.42 during trading hours on Friday, hitting $27.38. 2,929,200 shares of the company were exchanged, compared to its average volume of 653,298. Skyline Co. has a fifty-two week low of $12.72 and a fifty-two week high of $35.29.

Skyline (NYSEAMERICAN:SKY) last announced its quarterly earnings data on Tuesday, May 21st. The construction company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.21 by $0.05. The company had revenue of $327.68 million for the quarter, compared to analyst estimates of $348.50 million.

SKY has been the subject of a number of research reports. Zacks Investment Research raised shares of Skyline from a “sell” rating to a “hold” rating in a report on Tuesday, June 11th. Royal Bank of Canada set a $28.00 price objective on shares of Skyline and gave the company a “buy” rating in a report on Thursday, May 23rd. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $26.71.

Several hedge funds have recently made changes to their positions in SKY. Oppenheimer Asset Management Inc. boosted its holdings in Skyline by 39.7% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 1,872 shares of the construction company’s stock worth $36,000 after acquiring an additional 532 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in Skyline during the 4th quarter worth $28,000. New York State Teachers Retirement System purchased a new position in Skyline during the 1st quarter worth $48,000. Great West Life Assurance Co. Can purchased a new position in Skyline during the 4th quarter worth $36,000. Finally, Victory Capital Management Inc. boosted its holdings in Skyline by 40.7% during the 1st quarter. Victory Capital Management Inc. now owns 4,307 shares of the construction company’s stock worth $82,000 after acquiring an additional 1,246 shares during the last quarter.

About Skyline

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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Insider Buying and Selling by Quarter for Skyline (NYSEAMERICAN:SKY)

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