The stock of Skyline Corporation (NYSEMKT:SKY) is a huge mover today! The stock decreased 2.63% or $0.36 on October 3, hitting $13.33. About 73,392 shares traded hands or 82.67% up from the average. Skyline Corporation (NYSEMKT:SKY) has risen 239.70% since February 29, 2016 and is uptrending. It has outperformed by 227.49% the S&P500.
The move comes after 7 months negative chart setup for the $119.91M company. It was reported on Oct, 4 by Barchart.com. We have $11.73 PT which if reached, will make NYSEMKT:SKY worth $14.39 million less.
Analysts await Skyline Corporation (NYSEMKT:SKY) to report earnings on October, 20.
According to Zacks Investment Research, “Skyline Corporation designs, produces and distributes manufactured housing and recreational vehicles.”
Insitutional Activity: The institutional sentiment increased to 1.29 in Q2 2016. Its up 0.09, from 1.2 in 2016Q1. The ratio is positive, as 8 funds sold all Skyline Corporation shares owned while 6 reduced positions. 6 funds bought stakes while 12 increased positions. They now own 4.31 million shares or 23.87% more from 3.48 million shares in 2016Q1.
Blackrock Invest Mgmt Ltd Limited Liability Company reported 1,210 shares or 0% of all its holdings. Price T Rowe Assoc Inc Md last reported 10,063 shares in the company. Dimensional Fund Advisors L P accumulated 0% or 258,460 shares. Renaissance Tech Ltd Company holds 0% or 180,100 shares in its portfolio. Acadian Asset Management Limited Liability Com owns 1,578 shares or 0% of their US portfolio. Morgan Stanley accumulated 1,354 shares or 0% of the stock. Walleye Trading Llc holds 5,300 shares or 0% of its portfolio. Venator Management Limited last reported 4.16% of its portfolio in the stock. The New York-based Spark Invest Mngmt Ltd has invested 0.01% in Skyline Corporation (NYSEMKT:SKY). National Bank Of New York Mellon reported 13,434 shares or 0% of all its holdings. Gendell Jeffrey L last reported 1.46% of its portfolio in the stock. Blackrock Fund Advsr holds 18,061 shares or 0% of its portfolio. Tower Rech Ltd Llc (Trc) last reported 0% of its portfolio in the stock. Blackrock Institutional Trust Company Na last reported 0% of its portfolio in the stock. Teton Advisors holds 47,796 shares or 0.04% of its portfolio.
Insider Transactions: Since April 25, 2016, the stock had 2 insider purchases, and 0 sales for $48,900 net activity. The insider Florea Richard W bought $32,625.
More important recent Skyline Corporation (NYSEMKT:SKY) news were published by: Prnewswire.com which released: “Skyline Corporation To Remain An Independent Company” on February 05, 2015, also Prnewswire.com published article titled: “Scott Parkhurst Joins Skyline Corporation As National Sales Manager”, Areadevelopment.com published: “Skyline Corporation, one of the nation’s oldest and most respected providers …” on May 17, 2016. More interesting news about Skyline Corporation (NYSEMKT:SKY) was released by: Prnewswire.com and their article: “Skyline Reports Results For Fiscal 2016 Fourth Quarter And Year End” with publication date: August 05, 2016.
SKY Company Profile
Skyline Corporation, incorporated on May 29, 1959, 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. The Company’s housing products are marketed under a number of trademarks. They are available in lengths ranging from 30 feet to 76 feet and in singlewide widths from 12 feet to 18 feet, doublewide widths from 18 feet to 32 feet, and triplewide widths from 36 feet to 46 feet. As of May 31, 2016, the area of a singlewide ranges from approximately 400 to 1,200 square feet, a doublewide from approximately 700 to 2,400 square feet, and a triplewide from approximately 1,600 to 2,900 square feet.
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