Skyline Co. (NYSEAMERICAN:SKY) major shareholder Mak Capital One Llc sold 3,716,058 shares of the stock in a transaction dated Tuesday, September 25th. The shares were sold at an average price of $27.93, for a total transaction of $103,789,499.94. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Mak Capital One Llc also recently made the following trade(s):

  • On Tuesday, August 7th, Mak Capital One Llc sold 2,824,671 shares of Skyline stock. The shares were sold at an average price of $20.79, for a total transaction of $58,724,910.09.

Shares of NYSEAMERICAN SKY opened at $30.92 on Wednesday. Skyline Co. has a 52-week low of $10.31 and a 52-week high of $35.65.

SKY has been the topic of several recent analyst reports. Jefferies Financial Group initiated coverage on shares of Skyline in a research report on Friday, September 7th. They set a “buy” rating and a $36.00 price objective on the stock. SunTrust Banks initiated coverage on shares of Skyline in a research report on Tuesday, September 4th. They set a “hold” rating and a $30.00 price objective on the stock. Finally, Royal Bank of Canada initiated coverage on shares of Skyline in a research report on Tuesday, August 28th. They set an “outperform” rating and a $33.00 price objective on the stock. One analyst has rated the stock with a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $34.00.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Northern Trust Corp boosted its holdings in shares of Skyline by 24.3% during the 1st 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 purchased a new stake in shares of Skyline during the 2nd quarter valued at about $289,000. Barclays PLC purchased a new stake in shares of Skyline during the 1st quarter valued at about $187,000. California Public Employees Retirement System purchased a new stake in shares of Skyline during the 1st quarter valued at about $218,000. Finally, Thompson Siegel & Walmsley LLC purchased a new stake in shares of Skyline during the 2nd quarter valued at about $350,000.

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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