Investor Makes Big Moves on Skyline Homes

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Image credits: Wikipedia, Binary Options, Skyline Homes and Equites.com, collage credit, MHProNews.com. 

Venator Capital Management increased its stake in Skyline Corp (NYSE: SKY) by 805 percent in Q2 based on its latest regulatory filing with the SEC.

Venator purchased 466,541 shares as the company’s stock, and now holds 524,492 total shares valued at $4.93 million.

The move follows Skyline’s recent earnings results, where the company reported a 26 percent increase in net sales from continuing operations over the same quarter one year ago, and income from continuing operations of $744,000, as compared to a loss of $895,000 from continuing operations in the first quarter of fiscal 2016 a $1.5-million increase.

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Ventor, Skyline images are their respective properties, used here under fair use guidelines. Collage and text graphics by MHProNews.
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Credit: LinkedIn.

Our continued focus on growing sales and improving margins through disciplined operations generated favorable year-over-year results in the quarter,” commented president and Chief Executive Officer, Richard Florea.

While we are pleased with the progress we are making, we are committed to capitalizing on the opportunities we have.

The Daily Business News has followed news on Skyline recently; including coverage of their 278% stock price increase YTD and the company’s stock price hitting a 52-week high.

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Image collage and text by MHProNews, individual image credits are those of Skyline Homes, and are used here under fair use guidelines. To see their latest quarterly report, please click here or the image above.

As manufactured housing industry professionals and investors know, Skyline Corporation is one of the oldest and larger independent producers of manufactured, modular and park model homes.  It is one of the manufactured housing industry stocks monitored each business day on the Daily Business News.

For Thursday’s closing numbers on all MH industry-connected tracked stocks, please click here. ##

(Editor’s Note: for A Cup of Coffee withTerry Decio, Skyline Homes, click here.)

(Image credits are as shown above.)

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RC Williams, for Daily Business News, MHProNews.

Submitted by RC Williams to the Daily Business News for MHProNews.

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