Wells Fargo & Company MN Trims Holdings in Skyline Co. (SKY)
Wells Fargo & Company MN lowered its position in Skyline Co. (NYSEAMERICAN:SKY) by 32.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 573,196 shares of the construction company’s stock after selling 272,278 shares during the quarter. Wells Fargo & Company MN owned approximately 6.83% of Skyline worth $6,930,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Northern Trust Corp raised its stake in shares of Skyline by 3.7% during the second quarter. Northern Trust Corp now owns 20,603 shares of the construction company’s stock worth $124,000 after purchasing an additional 732 shares during the last quarter. Edge Wealth Management LLC purchased a new stake in shares of Skyline during the third quarter worth approximately $132,000. Alden Global Capital LLC purchased a new stake in shares of Skyline during the second quarter worth approximately $120,000. Dimensional Fund Advisors LP raised its stake in shares of Skyline by 13.6% during the second quarter. Dimensional Fund Advisors LP now owns 332,369 shares of the construction company’s stock worth $2,001,000 after purchasing an additional 39,746 shares during the last quarter. Finally, Teton Advisors Inc. raised its stake in shares of Skyline by 80.3% during the third quarter. Teton Advisors Inc. now owns 90,172 shares of the construction company’s stock worth $1,090,000 after purchasing an additional 40,172 shares during the last quarter.
Shares of Skyline Co. (NYSEAMERICAN SKY) opened at $12.85 on Monday. Skyline Co. has a 52 week low of $5.07 and a 52 week high of $15.98. The company has a market capitalization of $107.83, a P/E ratio of 142.78 and a beta of 1.73.
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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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