Skyline Co. (NYSEAMERICAN:SKY) was the target of a large growth in short interest in the month of January. As of January 31st, there was short interest totalling 332,825 shares, a growth of 49.4% from the January 12th total of 222,782 shares. Based on an average daily trading volume, of 82,905 shares, the short-interest ratio is presently 4.0 days. Currently, 4.8% of the shares of the company are short sold.
Skyline (NYSEAMERICAN:SKY) opened at $21.47 on Monday. The stock has a market cap of $181.68, a P/E ratio of 42.94 and a beta of 2.27. Skyline has a 12-month low of $5.07 and a 12-month high of $24.99.
Skyline (NYSEAMERICAN:SKY) last posted its earnings results on Thursday, January 11th. The construction company reported $0.26 earnings per share for the quarter. Skyline had a net margin of 5.13% and a return on equity of 41.72%. The firm had revenue of $57.77 million for the quarter.
Separately, TheStreet upgraded shares of Skyline from a “c” rating to a “b-” rating in a research report on Wednesday, January 17th.
In other Skyline news, major shareholder Jeffrey L. Et Al Gendell acquired 40,020 shares of the company’s stock in a transaction on Friday, January 5th. The stock was acquired at an average price of $16.87 per share, for a total transaction of $675,137.40. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Jeffrey L. Et Al Gendell acquired 48,966 shares of the company’s stock in a transaction on Monday, January 8th. The stock was acquired at an average price of $16.99 per share, with a total value of $831,932.34. The disclosure for this purchase can be found here.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Northern Trust Corp boosted its stake in shares of Skyline by 3.7% in the 2nd quarter. Northern Trust Corp now owns 20,603 shares of the construction company’s stock valued at $124,000 after purchasing an additional 732 shares during the last quarter. Teton Advisors Inc. boosted its stake in shares of Skyline by 9.2% in the 4th quarter. Teton Advisors Inc. now owns 98,500 shares of the construction company’s stock valued at $1,266,000 after purchasing an additional 8,328 shares during the last quarter. OxFORD Asset Management LLP bought a new stake in shares of Skyline in the 3rd quarter valued at $120,000. Edge Wealth Management LLC bought a new stake in shares of Skyline in the 3rd quarter valued at $132,000. Finally, Wells Fargo & Company MN boosted its stake in shares of Skyline by 2.2% in the 4th quarter. Wells Fargo & Company MN now owns 585,865 shares of the construction company’s stock valued at $7,528,000 after purchasing an additional 12,669 shares during 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 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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