GW&K Investment Management LLC decreased its stake in shares of Skyline Co. (NYSEAMERICAN:SKY) by 2.4% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 1,227,936 shares of the construction company’s stock after selling 30,366 shares during the quarter. GW&K Investment Management LLC’s holdings in Skyline were worth $36,949,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in SKY. Mackay Shields LLC acquired a new stake in Skyline in the 3rd quarter worth about $3,677,000. Gamco Investors INC. ET AL raised its stake in Skyline by 3.5% in the 3rd quarter. Gamco Investors INC. ET AL now owns 243,850 shares of the construction company’s stock worth $7,337,000 after purchasing an additional 8,250 shares in the last quarter. Russell Investments Group Ltd. acquired a new stake in Skyline in the 3rd quarter worth about $4,086,000. California Public Employees Retirement System raised its stake in Skyline by 346.1% in the 3rd quarter. California Public Employees Retirement System now owns 104,221 shares of the construction company’s stock worth $3,136,000 after purchasing an additional 80,856 shares in the last quarter. Finally, Rice Hall James & Associates LLC raised its stake in Skyline by 82.3% in the 3rd quarter. Rice Hall James & Associates LLC now owns 613,568 shares of the construction company’s stock worth $18,462,000 after purchasing an additional 276,968 shares in the last quarter.

Several analysts have weighed in on SKY shares. Zacks Investment Research cut shares of Skyline from a “hold” rating to a “sell” rating in a research note on Thursday. Royal Bank of Canada set a $34.00 price objective on shares of Skyline and gave the stock a “buy” rating in a research note on Friday, November 1st. Finally, Barclays reiterated a “buy” rating and issued a $34.00 price objective on shares of Skyline in a research note on Sunday, August 4th. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $30.00.

Shares of NYSEAMERICAN:SKY traded up $0.71 during midday trading on Friday, hitting $30.16. The stock had a trading volume of 186,265 shares, compared to its average volume of 564,704. Skyline Co. has a fifty-two week low of $12.72 and a fifty-two week high of $32.44.

In other news, EVP Joseph A. Kimmell sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $30.02, for a total value of $300,200.00. Following the completion of the transaction, the executive vice president now directly owns 33,234 shares in the company, valued at approximately $997,684.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Jonathan Wade Lyall sold 3,500 shares of Skyline stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $27.21, for a total transaction of $95,235.00. Following the sale, the executive vice president now directly owns 40,838 shares in the company, valued at $1,111,201.98. The disclosure for this sale can be found here. Insiders sold a total of 154,222 shares of company stock valued at $4,665,293 over the last 90 days.

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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Want to see what other hedge funds are holding SKY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Skyline Co. (NYSEAMERICAN:SKY).

Institutional Ownership by Quarter for Skyline (NYSEAMERICAN:SKY)

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