Skyline Co. (NYSEAMERICAN:SKY) Position Reduced by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC trimmed its position in shares of Skyline Co. (NYSEAMERICAN:SKY) by 50.3% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 2,748 shares of the construction company’s stock after selling 2,786 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in Skyline were worth $52,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Oppenheimer Asset Management Inc. boosted its holdings in shares of Skyline by 39.7% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 1,872 shares of the construction company’s stock valued at $36,000 after acquiring an additional 532 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of Skyline in the fourth quarter worth approximately $28,000. New York State Teachers Retirement System purchased a new position in shares of Skyline in the first quarter worth approximately $48,000. Great West Life Assurance Co. Can purchased a new position in shares of Skyline in the fourth quarter worth approximately $36,000. Finally, Victory Capital Management Inc. boosted its holdings in shares of Skyline by 40.7% in the first quarter. Victory Capital Management Inc. now owns 4,307 shares of the construction company’s stock worth $82,000 after buying an additional 1,246 shares during the last quarter.

In related news, CEO Keith A. Anderson sold 82,799 shares of the business’s stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $24.01, for a total value of $1,988,003.99. Following the sale, the chief executive officer now owns 1,312,846 shares in the company, valued at $31,521,432.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Laurie M. Hough sold 5,000 shares of the business’s stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $23.03, for a total transaction of $115,150.00. Following the completion of the sale, the chief financial officer now owns 255,125 shares in the company, valued at approximately $5,875,528.75. The disclosure for this sale can be found here. In the last quarter, insiders have sold 170,064 shares of company stock worth $4,103,678.

A number of equities analysts recently issued reports on the stock. Zacks Investment Research raised shares of Skyline from a “sell” rating to a “hold” rating in a report on Tuesday. Royal Bank of Canada set a $28.00 target price on shares of Skyline and gave the stock a “buy” rating in a research note on Thursday, May 23rd. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $26.71.

NYSEAMERICAN SKY traded down $0.40 on Wednesday, reaching $24.29. 4,410 shares of the stock were exchanged, compared to its average volume of 641,742. Skyline Co. has a one year low of $12.72 and a one year 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 (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.05. The company had revenue of $327.68 million for the quarter, compared to the consensus estimate of $348.50 million.

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Skyline Profile

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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Institutional Ownership by Quarter for Skyline (NYSEAMERICAN:SKY)

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