Skyline Co. (NYSEAMERICAN:SKY) Shares Sold by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio trimmed its position in shares of Skyline Co. (NYSEAMERICAN:SKY) by 12.7% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 167,070 shares of the construction company’s stock after selling 24,300 shares during the period. Public Employees Retirement System of Ohio owned approximately 0.29% of Skyline worth $5,027,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in SKY. FMR LLC raised its holdings in shares of Skyline by 4.7% during the 1st quarter. FMR LLC now owns 2,323,264 shares of the construction company’s stock valued at $44,142,000 after buying an additional 105,135 shares during the period. SG Americas Securities LLC acquired a new position in shares of Skyline during the second quarter worth $209,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Skyline by 81.7% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,412 shares of the construction company’s stock valued at $93,000 after purchasing an additional 1,534 shares during the period. Advisor Group Inc. boosted its stake in shares of Skyline by 99.1% in the second quarter. Advisor Group Inc. now owns 1,734 shares of the construction company’s stock valued at $48,000 after purchasing an additional 863 shares during the period. Finally, Rice Hall James & Associates LLC acquired a new stake in Skyline during the 2nd quarter valued at $9,216,000.

In other Skyline news, CFO Laurie M. Hough sold 41,222 shares of the firm’s stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $30.50, for a total value of $1,257,271.00. Following the transaction, the chief financial officer now owns 170,228 shares of the company’s stock, valued at $5,191,954. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Keith A. Anderson sold 15,924 shares of Skyline stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $31.47, for a total value of $501,128.28. Following the completion of the transaction, the director now owns 754,694 shares of the company’s stock, valued at $23,750,220.18. The disclosure for this sale can be found here. Insiders sold a total of 145,722 shares of company stock valued at $4,521,293 over the last quarter.

SKY has been the topic of a number of recent analyst reports. Royal Bank of Canada set a $34.00 price objective on shares of Skyline and gave the stock a “buy” rating in a report on Friday, November 1st. Zacks Investment Research cut Skyline from a “hold” rating to a “sell” rating in a research note on Thursday, November 7th. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $31.00.

Shares of NYSEAMERICAN SKY opened at $32.80 on Wednesday. Skyline Co. has a 52-week low of $12.72 and a 52-week high of $33.92.

Skyline Company 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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