Insider Selling: Skyline Co. (NYSEAMERICAN:SKY) CFO Sells 5,050 Shares of Stock
Skyline Co. (NYSEAMERICAN:SKY) CFO Laurie M. Hough sold 5,050 shares of the company’s stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $26.01, for a total value of $131,350.50. Following the completion of the sale, the chief financial officer now directly owns 250,075 shares of the company’s stock, valued at $6,504,450.75. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.
SKY stock traded down $0.14 during trading hours on Wednesday, hitting $24.55. 1,886 shares of the stock were exchanged, compared to its average volume of 641,742. Skyline Co. has a 12 month low of $12.72 and a 12 month high of $35.65.
Skyline (NYSEAMERICAN:SKY) last released its quarterly earnings data on Tuesday, May 21st. The construction company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.05. The business had revenue of $327.68 million during the quarter, compared to analyst estimates of $348.50 million.
A number of hedge funds have recently modified their holdings of SKY. Bank of New York Mellon Corp boosted its holdings in Skyline by 243.7% during the 3rd quarter. Bank of New York Mellon Corp now owns 65,742 shares of the construction company’s stock valued at $1,879,000 after acquiring an additional 46,614 shares during the period. JPMorgan Chase & Co. raised its position in shares of Skyline by 809.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 41,319 shares of the construction company’s stock worth $1,180,000 after acquiring an additional 36,776 shares in the last quarter. Morgan Stanley increased its position in Skyline by 216.3% during the 3rd quarter. Morgan Stanley now owns 54,964 shares of the construction company’s stock valued at $1,570,000 after buying an additional 37,585 shares in the last quarter. Vanguard Group Inc. increased its position in Skyline by 196.0% during the 3rd quarter. Vanguard Group Inc. now owns 970,946 shares of the construction company’s stock valued at $27,740,000 after buying an additional 642,938 shares in the last quarter. Finally, Strs Ohio increased its holdings in shares of Skyline by 52.9% in the 4th quarter. Strs Ohio now owns 7,800 shares of the construction company’s stock worth $114,000 after purchasing an additional 2,700 shares in the last quarter.
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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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