Insider Trader Watch: Skyline Corporation $SKY

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Skyline Corporation (NYSE:SKY) insider have most recently took part in a trading activity. On Jan 8, 2018 Gendell Jeffrey L Et Al, 10% Owner bought 48,966 shares having total worth of $831,932 at the price of $16.99 per share, following the transaction a total of 1,265,493 shares owned by Gendell Jeffrey L Et Al. Before this latest buy, Gendell Jeffrey L Et Al purchased SKY at 3 other times during the past twelve months, for a total investment of $942,927 at an average of $11.53 per share.

The stock has experienced a total of 3 insider trades in the past three months. These trades include 3 buy trades. Furthermore, over the past 12 months , the stock was traded 5 times by insiders. an employee of the company was the buyer in 5 instances.

Time Frame Number of Insider Buy Number of Insider Sell Stock Price Change(%)
3 Month 3 0 20.13%
12 Month 5 0 39%

Shares of Skyline Corporation (NYSE:SKY) traded down 1.23% on Jan 4, 2018, hitting $12.83. 19,904 shares of the company’s stock traded hands. Skyline Corporation has a 52 week low of $5.26 and a 52 week high of $16.46. The company’s market cap is $106 million.

Skyline Corporation (NYSE:SKY) last announced its earnings results on Jan 12, 2017. The company reported -0.07 earnings per share (EPS) for the quarter. The company had revenue of $64 million for the quarter During the same quarter in the previous year, the company posted 0.20 earnings per share. The company’s revenue for the quarter was up 9% on a year-over-year basis.

2017-01-12 2016-04-14 2016-01-14 2015-10-15 2015-08-26 2015-04-03 2015-01-14 2014-10-15 2014-08-22 2014-04-04
earnings per share -0.07 -0.06 0.20 -0.10 -0.02 -0.36 -0.41 -0.45 -0.30 -0.68
Revenue(M) 64.23 47.7 58.68 48.74 49.61 38.11 49.67 57.4 57.7 38.8

Skyline Corporation was originally incorporated in Indiana in 1959, as successor to a business founded in 1951. Company designs, produces and markets manufactured housing, modular housing and recreational vehicles (travel trailers, fifth wheels and park models) to independent dealers and manufactured housing communities located throughout the United States and Canada. Manufactured housing represents homes built according to a national building code; modular housing represents homes built to a local building code. The Company sold 1,851 manufactured homes and 370 modular homes in fiscal 2013. They are available in lengths ranging from 30′ to 76′ and in singlewide widths from 12′ to 16′, doublewide widths from 18′ to 32′, and triplewide widths from 36′ to 46′. 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. It also sold 4,336 recreational vehicles in fiscal 2013, which are sold under a number of trademarks for travel trailers, fifth wheels and park models. The principal markets for manufactured and modular housing are the suburban and rural areas of the continental United States and Canada. The principal buyers continue to be individuals over the age of fifty, but the market tends to broaden when conventional housing becomes more difficult to purchase and finance. The recreational vehicle market is made up of vacationing families, traveling retired couples and sports enthusiasts pursuing four-season hobbies. The Company provides the retail purchaser of its homes with a full fifteen-month warranty against defects in design, materials and workmanship. Recreational vehicles are covered by a one-year warranty. The warranties are backed by service departments located at the Company’s manufacturing facilities and an extensive field service system. It is basically an assembler and installer of components purchased from outside sources. The major components used by the Company are electrical components, lumber, plywood, shingles, vinyl and wood siding, steel, aluminum, insulation, home appliances, furnaces, plumbing fixtures, hardware, floor coverings and furniture. The suppliers are many and range in size from large national companies to very small local companies. The manufacture, distribution and sale of manufactured housing, modular housing and recreational vehicles are subject to government regulations in both the United States and Canada, at federal, state or provincial and local levels.

William White

William White is a financial writer. He graduated with a degree in Economics. He has contributed to major financial websites and print publications for over 8 years. He handles much of this site's news coverage for corporate insider activity, and occasionally cover other areas of financial sector.

About the Author

William White
William White is a financial writer. He graduated with a degree in Economics. He has contributed to major financial websites and print publications for over 8 years. He handles much of this site's news coverage for corporate insider activity, and occasionally cover other areas of financial sector.