Hedge Fund Purchases $5M Stake In Skyline Corporation
According to Founders Daily, the all seeing wise men at Venator Capital Management swooped in and purchased just under 500,000 shares in Skyline Corporation (SKY) mid-September – totaling 466,541 shares to be exact.
As of Sept 15th, Venator Capital maintains a total of 524,492 shares of Skyline Corporation, which is currently valued at just over $5 million. A producer of quality built manufactured homes, Skyline shares make up approximately 4.41% of Venator Capital Management Ltd.’s portfolio.
Also interested in the manufactured housing sector… and SKY’s shares, Spark Investment Management added SKY to its rapidly growing portfolio by buying 10,100 company shares during the most recent quarter – valued at $99,485. Well diversified, Skyline Corporation makes up approx 0.01% of Spark Investment Management’s portfolio.
Joining those hedge fund firm’s excitement over the manufactured housing sector, Vanguard Group Inc. upped its interest in SKY’s shares during the latest quarter when the investment firm purchased an additional 92,957 shares of Skyline Corporation, which are currently valued at $2,300,211.
E.A.M. Investors added SKY to its portfolio by purchasing 144,440 company shares during the most recent quarter which is valued at $1,425,623. Skyline Corporation makes up approx 0.20% of Eam Investor’s portfolio. And just what’s the rationale for all of this excitement to invest?
Skyline’s commitment to building quality manufactured housing…
The Titus By Skyline Homes
Skyline Corporation designs, builds, and markets manufactured and modular housing – in addition to providing park models. The company markets its many models to independent manufactured home dealers and communities located across North America.
Skyline Corporation and their many housing products and models are currently available in a wide range of lengths and widths. Built to HUD standards and state building codes, Skyline’s models range from 30 feet in length to 76 feet and are available in both single section and double wide widths.
MFH Analysis: Skyline Homes is one of the nation’s oldest and most respected producers of high quality value oriented manufactured homes, modular homes and park model homes in the U.S., offering a wide variety of skillfully produced and well designed models, floor plans and choice of sizes that may be customized to meet the varied needs and desires of home buyers.Shoppers are invited to review all of the floor plans and models for sale by retailers of Skyline Homes building facility located in San Jacinto, California, and Skyline Homes produced in Mansfield, Texas. Here at ManufacturedHomes.com we encourage our online shoppers to browse our wide selection of 3D virtual tours of selected models and review construction specifications. Simply type “your town” in the search bar to locate a retailer near you. Securing a no obligation price quote is easy as clicking “GET CUSTOM PRICE QUOTE” on any of the displayed floor plans.