NJ State Employees Deferred Compensation Plan Lowers Position in Skyline Co. (SKY)
NJ State Employees Deferred Compensation Plan trimmed its position in Skyline Co. (NYSEMKT:SKY) by 52.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 24,000 shares of the construction company’s stock after selling 26,000 shares during the quarter. NJ State Employees Deferred Compensation Plan owned approximately 0.29% of Skyline worth $290,000 as of its most recent SEC filing.
A number of other hedge funds have also recently made changes to their positions in SKY. Alden Global Capital LLC acquired a new position in shares of Skyline during the 2nd quarter worth about $120,000. Northern Trust Corp grew its position in shares of Skyline by 3.7% during the 2nd quarter. Northern Trust Corp now owns 20,603 shares of the construction company’s stock worth $124,000 after buying an additional 732 shares during the period. Edge Wealth Management LLC acquired a new position in shares of Skyline during the 3rd quarter worth about $132,000. New Jersey Better Educational Savings Trust acquired a new position in shares of Skyline during the 2nd quarter worth about $229,000. Finally, Teton Advisors Inc. grew its position in shares of Skyline by 3.1% during the 2nd quarter. Teton Advisors Inc. now owns 50,000 shares of the construction company’s stock worth $301,000 after buying an additional 1,500 shares during the period.
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Skyline Co. (NYSEMKT:SKY) opened at $12.52 on Friday. Skyline Co. has a 1-year low of $5.07 and a 1-year high of $17.35.
In other Skyline news, major shareholder Jeffrey L. Et Al Gendell acquired 17,900 shares of the business’s stock in a transaction dated Tuesday, October 17th. The shares were acquired at an average price of $11.26 per share, for a total transaction of $201,554.00. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Jeffrey L. Et Al Gendell acquired 14,520 shares of the business’s stock in a transaction dated Monday, October 16th. The shares were acquired at an average price of $10.84 per share, for a total transaction of $157,396.80. The disclosure for this purchase can be found here. Insiders have bought a total of 73,840 shares of company stock worth $824,512 in the last quarter.
Separately, TheStreet upgraded Skyline from a “d” rating to a “c” rating in a research report on Wednesday, August 23rd.
Skyline Company Profile
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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