Stock Mover of The Day: Institutional Investors Are Betting On Skyline Corp (LON:SKY)

November 16, 2016 - By Ellis Scott   ·   0 Comments

Stock Mover of The Day: Institutional Investors Are Betting On Skyline Corp (LON:SKY)

Sentiment for Skyline Corp (LON:SKY)

Skyline Corp (LON:SKY) institutional sentiment increased to 1.29 in 2016 Q2. Its up 0.09, from 1.2 in 2016Q1. The ratio is positive, as 18 funds started new or increased holdings, while 14 trimmed and sold holdings in Skyline Corp. The funds in our partner’s database now possess: 4.31 million shares, up from 3.48 million shares in 2016Q1. Also, the number of funds holding Skyline Corp in their top 10 holdings increased from 0 to 1 for an increase of 1. Sold All: 8 Reduced: 6 Increased: 12 New Position: 6.

Sky plc is an entertainment and communications company. The company has a market cap of 13.58 billion GBP. The Firm is engaged in operation of pay television broadcasting and home communications services, including provision of broadband and telephone operations. It has a 20.41 P/E ratio. It operates through three divisions: UK and Ireland, which includes activities and activities of the pay television, home communications and adjacent businesses in the United Kingdom and Ireland; Germany and Austria, which includes activities and activities of the pay television and adjacent businesses in Germany and Austria, and Italy, which includes activities and activities of the pay television and adjacent businesses in Italy.

The stock increased 0.12% or GBX 0.93 on November 16, hitting GBX 789.93. About 5.58M shares traded hands. SKY PLC (LON:SKY) has declined 21.26% since April 18, 2016 and is downtrending. It has underperformed by 25.94% the S&P500.

According to Zacks Investment Research, “Skyline Corporation designs, produces and distributes manufactured housing and recreational vehicles.”

Venator Capital Management Ltd. holds 4.16% of its portfolio in SKY PLC for 524,492 shares. Gendell Jeffrey L owns 759,591 shares or 1.46% of their US portfolio. Moreover, Robotti Robert has 0.22% invested in the company for 64,700 shares. The California-based Eam Investors Llc has invested 0.2% in the stock. Teton Advisors Inc., a New York-based fund reported 47,796 shares.#img1#

Insider Transactions: Since January 1, 0001, the stock had 0 insider purchases, and 1 sale for $233,200 net activity.

SKY PLC (LON:SKY) Ratings Coverage

Ratings analysis reveals 58% of Sky Plc’s analysts are positive. Out of 24 Wall Street analysts rating Sky Plc, 14 give it “Buy”, 3 “Sell” rating, while 7 recommend “Hold”. The lowest target is GBX 1 while the high is GBX 1500. The stock’s average target of GBX 1082.65 is 37.06% above today’s (GBX 789.93) share price. SKY was included in 181 notes of analysts from July 23, 2015. The stock has “Buy” rating given by Goldman Sachs on Wednesday, August 3. The rating was maintained by Deutsche Bank with “Buy” on Friday, April 22. Citigroup maintained it with “Buy” rating and GBX 1350 target price in Tuesday, August 11 report. The firm earned “Buy” rating on Monday, February 1 by Deutsche Bank. The stock has “Reduce” rating given by Investec on Wednesday, January 13. Deutsche Bank maintained it with “Buy” rating and GBX 1425 target price in Tuesday, September 6 report. The firm earned “Sell” rating on Thursday, July 7 by Haitong Securities. The firm has “Overweight” rating by Barclays Capital given on Monday, October 3. The firm has “Buy” rating given on Friday, October 21 by Citigroup. The stock has “Overweight” rating given by Barclays Capital on Thursday, January 28.

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.

More news for SKY PLC (LON:SKY) were recently published by: Seekingalpha.com, which released: “Sky Plc (SKYAY) Q1 2017 Results – Earnings Call Transcript” on October 13, 2016. Seekingalpha.com‘s article titled: “Sky PLC: Profitable Expansion Strategy Provides Growing Earnings… And Dividends” and published on August 31, 2016 is yet another important article.

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By Ellis Scott


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