Cerity Partners LLC Decreases Stock Position in Skyline Champion Co. (NYSE:SKY)

Cerity Partners LLC trimmed its stake in Skyline Champion Co. (NYSE:SKY - Free Report) by 39.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 115,014 shares of the company's stock after selling 73,753 shares during the period. Cerity Partners LLC owned about 0.20% of Skyline Champion worth $10,871,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Harvest Fund Management Co. Ltd bought a new position in Skyline Champion during the 4th quarter worth approximately $36,000. Headlands Technologies LLC bought a new stake in Skyline Champion during the fourth quarter valued at $108,000. Venturi Wealth Management LLC acquired a new position in shares of Skyline Champion in the 4th quarter valued at about $112,000. New Age Alpha Advisors LLC acquired a new stake in Skyline Champion during the fourth quarter worth approximately $176,000. Finally, KBC Group NV increased its holdings in Skyline Champion by 53.9% in the fourth quarter. KBC Group NV now owns 2,288 shares of the company's stock worth $202,000 after purchasing an additional 801 shares in the last quarter.

Analyst Upgrades and Downgrades

SKY has been the topic of a number of research analyst reports. Barclays cut their price target on Skyline Champion from $106.00 to $97.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 8th. Royal Bank of Canada increased their target price on shares of Skyline Champion from $88.00 to $96.00 and gave the stock a "sector perform" rating in a research note on Thursday, February 6th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $88.40.

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Skyline Champion Stock Up 1.1 %

NYSE SKY traded up $0.87 during mid-day trading on Wednesday, hitting $82.51. The company's stock had a trading volume of 67,803 shares, compared to its average volume of 568,150. The company has a current ratio of 2.59, a quick ratio of 1.74 and a debt-to-equity ratio of 0.02. The company's 50 day simple moving average is $95.72 and its 200 day simple moving average is $95.26. Skyline Champion Co. has a twelve month low of $64.82 and a twelve month high of $116.49. The firm has a market capitalization of $4.73 billion, a price-to-earnings ratio of 29.05 and a beta of 1.41.

Skyline Champion (NYSE:SKY - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The company reported $1.04 EPS for the quarter, beating analysts' consensus estimates of $0.80 by $0.24. Skyline Champion had a return on equity of 13.80% and a net margin of 6.80%. Analysts anticipate that Skyline Champion Co. will post 3.63 earnings per share for the current year.

Insider Activity

In other news, EVP Joseph A. Kimmell sold 4,335 shares of the firm's stock in a transaction on Monday, February 10th. The stock was sold at an average price of $104.21, for a total transaction of $451,750.35. Following the completion of the sale, the executive vice president now directly owns 39,411 shares of the company's stock, valued at $4,107,020.31. This trade represents a 9.91 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Timothy A. Burkhardt sold 3,823 shares of the business's stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $106.87, for a total transaction of $408,564.01. Following the completion of the transaction, the vice president now directly owns 32,706 shares in the company, valued at $3,495,290.22. This trade represents a 10.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 6.90% of the stock is currently owned by corporate insiders.

Skyline Champion Profile

Skyline Champion Corporation produces and sells factory-built housing in North America. The company offers manufactured and modular homes, park models RVs, accessory dwelling units, and modular buildings for the multi-family and hospitality sectors. It builds homes under the Skyline Homes, Champion Home Builders, Genesis Homes, Athens Park Models, Dutch Housing, Atlantic Homes, Excel Homes, Homes of Merit, New Era, Redman Homes, ScotBilt Homes, Shore Park, Silvercrest, and Titan Homes brands in the United States; and Moduline and SRI Homes brand names in western Canada.