Roger K. Scholten Sells 900 Shares of Skyline Co. (NYSEAMERICAN:SKY) Stock

Skyline Co. (NYSEAMERICAN:SKY) SVP Roger K. Scholten sold 900 shares of the business’s stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $28.00, for a total transaction of $25,200.00. Following the transaction, the senior vice president now owns 160,882 shares in the company, valued at $4,504,696. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of Skyline stock opened at $26.28 on Wednesday. Skyline Co. has a 52-week low of $12.72 and a 52-week high of $35.65.

Skyline (NYSEAMERICAN:SKY) last issued its quarterly earnings results on Tuesday, May 21st. The construction company reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.05. The firm had revenue of $327.68 million for the quarter, compared to analyst estimates of $348.50 million.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Oppenheimer Asset Management Inc. grew its position in Skyline by 39.7% during the first quarter. Oppenheimer Asset Management Inc. now owns 1,872 shares of the construction company’s stock worth $36,000 after buying an additional 532 shares during the period. Citigroup Inc. grew its position in Skyline by 5.1% during the fourth quarter. Citigroup Inc. now owns 11,035 shares of the construction company’s stock worth $161,000 after buying an additional 538 shares during the period. Legal & General Group Plc grew its position in Skyline by 19.4% during the fourth quarter. Legal & General Group Plc now owns 5,144 shares of the construction company’s stock worth $75,000 after buying an additional 837 shares during the period. Strs Ohio grew its position in Skyline by 14.1% during the first quarter. Strs Ohio now owns 8,900 shares of the construction company’s stock worth $169,000 after buying an additional 1,100 shares during the period. Finally, Victory Capital Management Inc. grew its position in Skyline by 40.7% during 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 period.

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

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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